21st Century Business Herald reporter Lei Ye and intern Ji Lin reported from Beijing

Renewable energy has become a new force for China's green and low-carbon development.

The National Development and Reform Commission and other six departments issued the "Guiding Opinions on Vigorously Implementing Renewable Energy Substitution Actions", clarifying that the national renewable energy consumption will reach more than 1.1 billion tons of standard coal in 2025 and more than 1.5 billion tons of standard coal in 2030, which will strongly support the realization of the goal of carbon peak before 2030.

On February 28, the 20th anniversary of the promulgation of the Renewable Energy Law of the People's Republic of China, sponsored by the China Energy Research Society, the China Renewable Energy Society, the China Photovoltaic Industry Association, and the China Industrial Development Promotion Association, and co-organized by the Renewable Energy Professional Committee of the China Energy Research Society and the Central Radio New Energy, was held in Beijing. On the occasion of the 20th anniversary of the promulgation of the Renewable Energy Law, Wang Yingge, vice president of GoodWe (SH: 688390), said in an interview with the 21st Century Business Herald reporter that China has promulgated the Renewable Energy Law since 2005, which is forward-looking, draws on foreign laws and combines China's development needs, and develops simultaneously with the emerging photovoltaic industrialization at that time.

"Looking back at the development of renewable energy over the past 20 years, one striking feature is that the technology has driven significantly lower costs. Taking photovoltaic as an example, in the past 20 years, the cost has fallen rapidly, and the cost of one kilowatt-hour of electricity has dropped from 1-3 yuan to about one or two cents, which is behind the progress of technology. The dual promotion of technological progress and cost reduction has promoted the development of the entire market, and China has now become the world's largest renewable energy market. I think the trend of renewable energy development in the future is good. Wang Yingge said.

According to the International Energy Agency (IEA), the global installed capacity of distributed energy resources will reach 140 million kilowatts by 2030, an increase of more than 300% compared to 2020. As the world's largest distributed energy investment market, China's market size will continue to expand.

On February 9, the National Development and Reform Commission and the National Energy Administration jointly issued the Notice on Deepening the Market-oriented Reform of New Energy Feed-in Tariffs and Promoting the High-quality Development of New Energy to reform the feed-in tariffs for new energy. Clearly promote the new energy feed-in tariff to be fully formed by the market。 In principle, all on-grid electricity of new energy projects enters the electricity market, and the feed-in tariff is formed through market transactions。

Wang Yingge believes that this will further promote the trading of new energy on-grid electricity, and the arrival of this point in time marks that China's new energy enterprises have the ability to compete in the market and are developing in the direction of the main energy.

After the entry of new energy into the market, will it promote the solution of the problem of green electricity consumption? Wang Yingge believes that the entry of new energy into the market has a certain alleviating effect on the problem of green power consumption. In the past, in the construction of large wind and solar bases, it was difficult for the construction of power grids to keep up with the speed of power construction, resulting in fluctuations in electricity prices. Through market-oriented transactions, the construction of distributed energy resources on the load side, combined with smart energy management and policy improvement of energy storage systems, can promote the consumption of green electricity. However, there is room for improvement in the management of carbon assets and green certificates in China, and policies should be improved and effectively promoted, and the price of carbon assets should be increased, so that market participants can earn profits through electricity trading, carbon assets and green certificates, so as to enhance market vitality.

What will be the development trend of renewable energy development in the future? Wang Yingge told the 21st Century Business Herald that the future development of renewable energy presents the characteristics of multi-energy complementarity, and the combination of wind power photovoltaic and energy storage can balance power trading and improve the income of wind power and photovoltaic. At the same time, it is necessary to vigorously develop non-electric renewable energy sources in the future, such as hydroammonia. While technological advancements and cost reductions require a process, as the cost of renewable electricity decreases, the cost of non-electric renewable energy is also expected to fall, and the related market will evolve with it.