China is expected to supply over half of power demand growth in Asia Pacific in coming decades as it expands its lead as the largest power market in the world. With 1800 GW of new capacity additions expected by 2040, the competitive dynamics in this market will have a major impact on global energy markets.
Wood Mackenzie's first China provincial renewables competitiveness report presents a comprehensive assessment of the competitiveness of wind and solar power compared to fossil fuels today, including a detailed forecast for 30 provinces and regions to 2040. This report pulls in expertise from Wood Mackenzie's wind, solar, storage, coal and gas research teams. It includes a data table with levelised cost of electricity (LCOE) data for solar, wind, gas and coal.
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