China is likely to install nearly three times more wind turbines and solar panels by 2030 than its current target, helping shift the world's largest fuel importer toward energy self-sufficiency, according to Goldman Sachs Group Inc.
Falling costs will make around-the-clock clean power more profitable, resulting in the rapid deployment of renewables and batteries, according to a report by analysts including Nikhil Bhandari and Amber Cai released on Monday. Solar and wind capacity will reach 3,300 GW by 2030, far exceeding the government's target of 1,200 GW.
