China's advanced new energy technology and well-developed industrial chain have played a key role in supporting the global shift toward green and low-carbon energy, said industry experts and company executives.
China has made significant progress in enhancing its new energy technology, including the record conversion efficiency of high-efficiency crystalline silicon and the world's largest capacity of offshore wind turbines, which has significantly contributed to reducing costs and facilitated the world's green energy transition, they say.
"China has developed a complete wind and photovoltaic industry chain, from research and development to design and integrated manufacturing systems," said Zhang Mianrong, chairman of the Energy Development Research Institute under the China Southern Power Grid Co Ltd.
"Over the past decade, global wind and solar power costs have decreased by 60 to 80 percent, with China contributing the majority of this reduction," Zhang said during the 2024 Tongzhou Global Development Forum held in Beijing on Oct 19.
"As the global leader in renewables development, China has been engaged in new energy and hydropower-related cooperation with over 100 countries and regions to meet local demand. Last year alone, the country saw its exports of wind and photovoltaic products help other countries reduce carbon emissions by 810 million metric tons."
China has made significant strides in recent years in advancing renewable energy technologies from wind power capacity to solar cell efficiency, emerging as a global leader in the field, he added.
An international team led by scientists from the Institute of Chemistry under the Chinese Academy of Sciences recently developed a new type of high-efficiency solar cell capable of achieving a photoelectric conversion efficiency of 26.4 percent, the highest efficiency for such solar cells to date.
