9 Aug 2010 10:17

NEA set to launch 10-year renewable energy plan

Shanghai. August 9. INTERFAX-CHINA - The National Energy Agency (NEA), China's state energy industry regulator, has submitted its 2011 to 2020 renewable energy industry development plan to the State Council for final approval, state media reported on August 9.

According to Xinhua news agency, the plan aims to spur investments of RMB 5 trillion ($737.46 billion) in China's renewable energy sector and generate an industrial output worth RMB 1.5 trillion ($221.24 billion) per year from 2011 to 2020.

Additionally, the plan calls for the creation of 15 million renewable energy industry jobs over the ten year period, the report said.

The plan has already been approved by the National Development and Reform Commission (NDRC), China's state economic planner, Xinhua said.