China coal power

This was despite the expansion of renewable energy.

Production was led by Australia, China, India, and Indonesia.

Despite this, the country also led in solar and wind energy generation.

The average spot price in Q1 was lower than the annual average of 2023.

Coal approvals rose fourfold in 2020 and 2023, compared to the 2016-2020 period.

A report found local governments have permitted a combined 106GW of new coal power capacity.

The local governments in the market approved a total of 106GWs of new capacity in 2022. 

Advanced digital solutions can cut China’s LCoE by up to 12%, reports said.

Analysts said the sector will face risks in the next 1-2 years of decarbonisation.