China’s renewable energy composite capacity expanded in the first five months of this year, according to data from the National Energy Authority.
By the end of May, wind installed capacity had risen 12.7 per cent year-on-year to about 380 million kilowatts, while solar energy stood at about 450 million kilowatts, an annual increase of 38.4 per cent.
China has strengthened its investments in renewable energy over the years as part of its pursuit of green development.
From January to May this year, the country’s major energy companies’ total investments in solar energy rose 140.3 per cent year-on-year to 98.2 billion yuan (about $13.68 billion), data reveals.
China’s major crude refiners are planning to export 3.3 million tons of petroleum products in June, up 19 per cent from the original export plans for the current month.
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