China’s Top Power Producer On Course to Beat Renewables Target

China Energy Investment Corp., the country’s biggest power producer, said it’s well on course to overshoot its target of 40% renewables in its overall generation capacity by 2025.

The state-owned company, the world’s largest coal and wind power producer, expects the goal to be met this year due to the expansion of its renewable hubs in China’s deserts and deployments of offshore wind, it said in a statement.

By achieving a total 115 GW of clean power capacity at the end of 2023, the company has already surpassed the 100 GW target it had set for 2025, ...