China continues to be a major force in the global renewable energy landscape, according to recent data and projections. From 2015 to 2023, China's installed renewable energy capacity soared from 480 gigawatts to 1,450 gigawatts. In 2023 alone, China contributed over 305 gigawatts of the 510 gigawatts of newly installed global renewable energy capacity, marking more than half of the world's total.

According to the International Renewable Energy Agency, China's efforts were key in driving down the global costs of solar photovoltaics (PV) and onshore wind energy. Between 2010 and 2022, the global weighted average cost of electricity fell by 89 percent for solar PV and 69 percent for onshore wind, largely thanks to China's initiatives.

Looking ahead, the International Energy Agency projects that China will contribute nearly 60 percent of new renewable capacity expected to become operational globally by 2028. China's renewable electricity capacity is set to grow by an additional 2,062 gigawatts between 2023 and 2028, playing a crucial role in achieving global renewable energy targets.