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(Bloomberg) — China’s largest turbine makers are lobbying the government to install at least 120 gigawatts of wind power capacity in each of the next five years, an acceleration of the country’s energy transition that would more than double output by the end of the decade.
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Goldwind Science & Technology Co. and Ming Yang Smart Energy Group were among dozens of companies that put forward the new target on Monday at the annual China Wind Power conference in Beijing. Their proposal backs a push by the world’s largest polluter to reduce its dependence on fossil fuels.
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China has set a headline goal of cutting net greenhouse gas emissions by 7% to 10% by 2035. By then, the country aims to have installed 3,600 GW of capacity for wind and solar power combined, President Xi Jinping said in a speech to the United Nations General Assembly last month.
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China has blazed past previous targets on renewable energy, with record rates of wind and solar power installation putting the country six years ahead of schedule on its 2030 goal. Under the industry’s new proposal, cumulative national wind power capacity would hit 1,300 GW by 2030 and no less than 2,000 GW by 2035, compared with 520 GW at the end of last year.
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China set a record last year by adding nearly 80 GW of wind capacity, and is expected to surpass that in 2025 with 94 GW of new projects, according to BloombergNEF.
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The industry’s proposed new targets also include 15 GW a year of offshore projects through 2030.
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