China Renewables Q1 2020
We remain optimistic on China's non-hydro renewables sector for the coming decade and expect a total of 556GW ofcapacity to be added between the end of 2018 to 2028. Despite the imminent phase-out of subsidies by 2021, we believe thatthe reduction of grid bottlenecks in connecting inland power supplies to coastal consumption hubs and continued power marketreform will support greater integration of renewables supplies. This will support the viability of increasingly competitiverenewables projects in the market and enable it to be competitive with coal, thus enabling the non-hydro renewables sector to growits footprint in the Chinese market.
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