China:

Geothermal Energy To Become Next New Source of Chinese Renewable Growth (Renewable Energy World)

(Courtesy CIA.gov)

The National Energy Administration of China is developing its 13th five-year plan (2016-2020) for the development and use of geothermal resources, in a move to further boost the development of the sector, according to China Securities Journal.

Industry analysts said that the plan is another important step towards nationwide utilization of geothermal resources following the release of guidelines on promoting the development and use of geothermal energy. The plan is an indicator that geothermal energy is being promoted as the next new growth source across China's renewable energy sector following wind and solar.

According to the plan, annual geothermal utilization should reach 50 million tons of standard coal equivalent by the end of 2020, by which time an integrated technological and industrial system for the development and use of geothermal resources will be put in place across the country. Officials also plant to construct an operational model for the development and use of geothermal resources most suited for each region.

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