Green goals inch closer on investments

Investment in nonfossil energy power generation rose 60.9 percent year-on-year during the first half, accounting for 88.6 percent of total power investment in the country, while the trend of green and low-carbon transformation in the power industry is expected to continue accelerating, according to a trade association.

Key surveyed enterprises completed investment of 331.9 billion yuan ($46.47 billion) in the power supply sector during the first six months, an increase of 53.8 percent year-on-year, with that in nonfossil energy power generation reaching 294 billion yuan, up 60.9 percent year-on-year, China Electricity Council, a national trade association of China's power enterprises and institutions, said during a news conference in Beijing on Tuesday.

Investment in solar power, nuclear power, wind power, thermal power and hydropower increased by 113.6 percent, 56.1 percent, 34.3 percent, 13.0 percent and 10.6 percent, respectively, year-on-year. Investment in power grid construction rose to 205.4 billion yuan, up 7.8 percent year-on-year, it said.