China’s Huaneng gears towards 25% renewables by 2015

published: 2011-04-13 17:35 | editor: | category: News

China’s biggest power company Huaneng Group is aiming for clean power to account for one quarter of the energy it generates in four years time.

The company’s ramp-up of its clean power capabilities comes as China has set a goal of meeting 15 per cent of its main energy consumption with clean power by 2020.

Huaneng is one of China’s five state-owned power companies that are boosting their clean power generation in synch with the country’s intentions.

A company executive revealed the company’s plans to increase its clean energy generation by 2015 earlier this week, according to reports.

The new clean energy target represents a ten percentage point increase on the level of clean energy the company generated in 2010.

According to the company’s plans, low carbon power will account for one third of the company’s entire installed power capacity by 2015.

The group’s subsidiary Huaneng Renewable Power hit the headlines in December over reports that it shelved its $1.28bn Hong Kong listing due to poor conditions in its domestic market.

The unit has since formed a wind tower supply contract worth $6.2m with clean technology product manufacturer CleanTech Innovations last month.

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