Aerial view of a fishery-solar hybrid photovoltaic energy station at Tiangang Lake in Suqian, Jiangsu Province of China.
Xu Changliang | Visible China Group | Getty Photos
SINGAPORE — China’s renewable vitality market doesn’t want overseas expertise and cash mentioned Mark Hutchinson, vp of APAC energy and renewables consulting at international vitality consultancy Wooden Mackenzie.
“Proper now, China’s renewable vitality sector is authorities pushed. Going ahead, it will likely be extra economically pushed,” Hutchinson instructed CNBC on the Asian Clear Vitality Summit in Singapore final Wednesday.
Many Chinese language vitality corporations obtain assist from the federal government within the type of direct investments and enormous subsidies. However that can seemingly change quickly, Hutchinson mentioned.
Though China’s progress has slowed, he mentioned, buyers must remember that it is a part of the method for maturing corporations.
“It is nothing new in China. It is rising sluggish. However even a 5% to eight% progress in China, in absolute phrases, that is nonetheless…