Recently, the China Renewable Energy Engineering Institute (CREEI) officially released the “China Renewable Energy Development Report 2023” and the “China Renewable Energy Project Cost Management Report 2023” in Beijing.

At the conference, Xiang Haiping, Chief Engineer of the National Energy Administration, delivered an opening speech.  He highlighted that China’s renewable energy sector maintained a trajectory of high-quality development in 2023. The cumulative installed capacity now exceeds half of the nation’s total power generation capacity, with new installations contributing more than half of global renewable energy growth.

Francesco La Camera, Director General of the International Renewable Energy Agency (IRENA), addressed the conference via video, commending China’s substantial progress. He emphasized three foundational pillars essential for accelerating renewable energy development, enhancing infrastructure, increasing investment in power grids, and bolstering regional and national grid connections.

Additionally, he stressed the need for continual refinement of policy frameworks to attract targeted investments tailored to specific industry needs. Du Guogong, Deputy Secretary of the Party Committee and Secretary of the Discipline Inspection Commission of the Research Center of the State-owned Assets Supervision and Administration Commission of the State Council, praised the significance of the reports. He underscored the China Hydropower Research Institute’s role as a pivotal think tank supporting renewable energy development, including hydro, wind, and solar power.

He urged state-owned enterprise think tanks to focus on national strategic issues, energy sector industrial demands, and the reform tasks of central enterprises. This involves ongoing investment in forward-thinking policy and strategic research to yield high-quality outcomes.

The conference drew about 500 representatives from over 300 companies, with over 5 million viewers tuning in to the live broadcast online.