China may meet solar & wind goals five years earlier

China may reach its 2030 target for wind and solar energy development five years earlier than planned.

Prefecture-level regions have planned to increase installed capacity for wind and solar energy by at least 800 million kilowatts during the 14th Five-Year Plan period (2021-25), according to research conducted by the Institute of Public and Environmental Affairs and the Chinese Research Academy of Environmental Sciences.

This means that China may be able to beat its target of increasing installed capacity for these two forms of renewable energy to 1.2 billion kW five years earlier than scheduled.

Fidelity China Special Situations PLC (LON:FCSS), the UK’s largest China Investment Trust, capitalises on Fidelity’s extensive, locally-based analyst team to find attractive opportunities in a market too big to ignore.

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