Thursday, January 5, 2017

China: Developing Geothermal Energy is Part of Five Year Plan

China Plans $363 Billion Investment in Renewables Over Five Years (POWER magazine)

China rolled out its latest five-year energy development plan, detailing the country’s aim of investing about 2.5 trillion yuan (more than $363 billion) through 2020 in the development of renewable energy resources.

Yang Li Zhe, deputy director of China’s National Energy Board, explained the country’s vision during a press conference held in Beijing on January 5. The goal of the plan is to displace fossil fuels and transition to clean, low-carbon resources including hydro, wind, solar, biomass, and geothermal energy.

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