China May Add 400 Gigawatts of Renewables in 2021-25: BNEF Chart

China’s next five-year plan, the development blueprint for 2021-25, will set wind and solar capacity addition targets. The short-term economic agenda is likely to outweigh long-term decarbonization ambitions, leading to targets similar to 2016-20 growth levels without a call for acceleration.

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BloombergNEF

Despite that, BloombergNEF forecasts interest from state-owned developers will push the market to add over 413 gigawatts of new capacity in the period, exceeding an expected policy target of 350 gigawatts.

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