(Yicai Global) July 24 -- China's National Energy Administration (NEA) has made substantial progress in solving the hydro, wind and solar energy waste problem, with the ratio of wind and solar energy waste reduced by 7 percent and 4.5 percent, respectively, in the first half of this year, said Zhu Ming, head of NEA's alternative and renewable energy department, on July 21.
Zhu was quoted by Chinanews.com as saying that China's renewable energy sector was stable and moved in the positive direction in the first half of 2017. China's renewable power capacity has exceeded 600 gigawatts, with hydro capacity reaching 338 gigawatts, wind capacity 154 gigawatts, solar 102 gigawatts and biomass power capacity 13.3 gigawatts. Some 37 gigawatts of renewable energy were installed in the first half of this year, accounting for nearly 70 percent of new installations.
China is now No. 1 in the world in installed capacity of hydro, wind and solar power, Zhu said. Micro power grids and new industries, such as solar + special industry, are burgeoning, Zhu noted. The implementation of major renewable energy projects has played a prominent role in speeding up the energy supply-side structural reform, stabilizing growth, restructuring and making up for the country's deficiencies.