China to lead global renewable growth with record installations

China is leading the global renewables market and is on track to reach a record-breaking 230 gigawatts (GW) of wind and solar installations this year, consultancy Wood Mackenzie said on Tuesday.

China’s estimated installation is more than double the number of U.S. and Europe installations combined, Woodmac said in a report.

China’s wind and solar project investment is expected to reach $140 billion for 2023, the report added.

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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