Asia & Pacific

Renewable Energy Accounts for Majority of China’s Power Projects in Belt and Road Countries

Chinese companies installed a record 24 gigawatts of capacity in Belt and Road countries in 2024.
Renewable Energy Accounts for Majority of China’s Power Projects in Belt and Road Countries
Security guards walk past a billboard for the Belt and Road Forum for International Cooperation at the forum's venue in Beijing on May 13, 2017.Wang Zhao/AFP via Getty Images
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Renewable energy projects accounted for the majority of Chinese companies’ energy projects in Belt and Road countries in 2024, research showed.

According to Wood MacKenzie, a provider of data and analytics for renewables and energy, Chinese companies installed a record 24 gigawatts of capacity in Belt and Road countries last year, and 52 percent of these employed renewable energy.

Celene Ignacio
Celene Ignacio
Author
Celene Ignacio is a reporter based in Sydney, Australia. She previously worked as a reporter for S&P Global, BusinessWorld Philippines, and The Manila Times.