China set to boost dominance in Asia renewable energy, report says

Companies ramp up green power as support for coal-fired plants disappears

20231128 Chinese-backed power plant under construction in Pakistan

China has backed construction of power plants across Asia, including this facility in southern Pakistan. (File photo by AFP/Jiji)

SAYUMI TAKE, Nikkei staff writer

TOKYO -- China is set to boost its dominance in renewable energy markets across developing Asian countries as coal-fired power projects are shelved and Beijing turns away from financing emissions-heavy investment abroad, a new report says.

Over the past decade, Chinese companies have made "significant strides" in the energy sector by installing 128 gigawatts of power abroad, more than the existing capacity of Australia and with an estimated investment value of $200 billion, according to the study by energy consultancy Wood Mackenzie.

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