Commodity Market Report

China power market and long-term outlook 2020

This report is currently unavailable

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

11 December 2020

China power market and long-term outlook 2020

Report summary

China is the biggest power market worldwide. In the past decades coal dominated the power mix, but in the coming decades we will see an unprecedented energy transition led by renewable energy. In this report we present our base case view on how China's power mix will change in the next thirty years. Please be noted that the carbon neutral pledge by 2060 could create major uncertainties to the base case. Key highlights include: 1) Coal will remain the dominant fuel in the generation mix, with gas playing a more peak-shaving role in China as well as combined heat and power. 2) Nuclear will expand its share in the generation mix to help reach targets to lower fossil fuel share in the primary energy mix. 3) China will invest US$495 billion in solar and wind in the next decade, pushing the non-fossil fuel share in the total generation mix to 39% by 2030. 4) China has established a unique power market that blends central and local planning and regulation with more free market mechanisms.

Table of contents

  • Key highlights

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    China power market long-term outlook 2020 - data table.xlsx

    XLSX 1.09 MB

  • Document

    China power market long-term outlook 2020 - report

    PDF 5.28 MB