Energy

China does not need foreign help in renewable energy: Wood Mackenzie

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Aerial view of a fishery-solar hybrid photovoltaic power station at Tiangang Lake in Suqian, Jiangsu Province of China.

Xu Changliang | Visual China Group | Getty Images

SINGAPORE — China’s renewable energy market does not need foreign technology and money said Mark Hutchinson, vice president of APAC power and renewables consulting at global energy consultancy Wood Mackenzie.

“Right now, China’s renewable energy sector is government driven. Going forward, it will be more economically driven,” Hutchinson told CNBC at the Asian Clean Energy Summit in Singapore last Wednesday.

Many Chinese energy companies receive help from the government in the form of direct investments and large subsidies….



Source cnbc.com

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