State energy companies turn to foreign renewables

Energy enterprises are charting a new course, setting up wind, solar and hydropower projects overseas to ride the wave of a cleaner, greener future — China Daily

BEIJING: China’s large state-owned energy companies are focusing on wind, solar and hydropower projects overseas at a time when energy forms the largest share of investments under the Belt and Road Initiative (BRI), with most of that money going into renewables, a senior official says.

After 10 years of development, these energy enterprises are charting a new course, setting up wind, solar and hydropower projects overseas to ride the wave of a cleaner, greener future, said Lu Ruquan, head of the China National Petroleum Corp Economics and Technology Research Institute.