By November 29, 2016 0 Comments Read More →

China wind, hydro energy get $174 billion investment from in next five years – NEA

China wind

China wind and hydro electricity infrastructure will get a boost in the next five years as the country moves to cleaner energy sources. Getty Images photo.

China wind industry will provide 300,000 new jobs by 2020

BEIJING, Nov 29 (Reuters) – China will spend at least 1.2 trillion yuan ($174 billion) on hydro and wind energy infrastructure between 2016 and 2020, the National Energy Administration (NEA) said in blueprint document for the two industries.

NEA said construction of new wind farms would provide about 300,000 new jobs by 2020. In addition, the country aims to have a market-based subsidy system for the wind industry.

(Reporting by Meng Meng and Michael Martina; Editing by Mark Potter)

Posted in: Innovation

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