Wind blowing for country's renewable energy ambitions

TotalEnergies bullish on China and further investment in green power

TotalEnergies China, the local unit of French energy company TotalEnergies, will continue to invest in China's renewable energy sector, especially in its offshore wind and solar projects, to support Beijing's carbon neutrality ambitions, a top company official said.

While the government recently announced it is scrapping subsidies for new centralized photovoltaic stations, distributed photovoltaic projects and onshore wind power projects, TotalEnergies will continue expanding in the country's wind and solar sectors, as well as other clean energy industries, which is in line with its goal and the China's carbon neutrality ambitions, said William Zhao, country chair of TotalEnergies China.

"TotalEnergies will invest in the renewable energy sector in China regardless of subsidy, as we believe in the long-term performance and financial return of renewable energy in the country," Zhao said in Beijing on Monday.