China is set to install a record amount of wind and solar power capacity this year as the country strives to meet climate goals while reducing its reliance on the rest of the world for energy. China will add 140 gigawatts of capacity from the clean energy sources, said Tao Ye, a researcher with the National Development and Reform Commission, the country’s top economic planning agency. That’s more than the rest of the world combined in 2020, according to BloombergNEF data. The forecast is the latest sign that China is racing ahead of its official target for renewable adoption as local governments, wind and solar equipment producers and state-owned utility giants continue to push ambitious plans. China is aiming for 1,200 gigawatts of wind and solar generation capacity by 2030, and had 678 gigawatts by the end of last year, according to BloombergNEF. Solar power will contribute about 70 […]