Forecast: Renewable Power Generation in China

From 2013 to 2023, renewable power generation in China exhibited robust growth, standing at 15.3 exajoules by 2023. The initial years saw high year-on-year increases of over 30%, although this growth rate tapered to 15.86% by 2023. Over this decade, annual growth averaged around 25%, with significant jumps such as 32.33% in 2021. From 2024 onwards, the forecast indicates a continuation of this upward trend, albeit at a slower pace, with a 5-year CAGR of 8.06% and a predicted 47.35% increase by 2028.

Future trends to watch for:

• Technological advancements in renewable energy efficiency.
• Policy changes supporting sustainable growth initiatives.
• Investment influx towards green energy projects.