Multinational companies expand investment in China's energy market

Original title: Optimistic about carbon peaks and carbon neutral opportunities.

Original source: People's Daily

(Brussels, Paris, Berlin, Beijing) We strive to reach the peak of carbon dioxide emissions by 2030 and strive to achieve carbon neutrality by 2060.

"Accelerate the green transformation and provide a broad space for sustainable energy development"

The "Beijing Declaration on Wind Energy" issued at the Beijing International Wind Energy Conference in 2020 predicts that in order to achieve the goal of carbon neutrality, the average annual new installed capacity of wind power in China will exceed 60 GW after 2025, and it will reach at least 3000 GW by 2060.

At the second phase of the Luanhekou Wind Power Project in Changli, Hebei, the red wind power blades waiting to be hoisted on the ground are like giant petals growing on the plains.

"China implements the nationally determined contribution goal of addressing climate change in 2030, accelerates green transformation, and provides broad space for sustainable energy development.

During the epidemic prevention and control period, the company's business in China continued to make positive progress last year, and it won new orders from China Three Gorges New Energy (Group) Co.

"Sourcing in China, made in China, and sold in China.

    "Our concept is adapted to the Chinese market, and our products will go global from here"

    As the first international energy company to enter China's offshore oil and gas exploration, Total has entered the Chinese market for nearly 40 years.

    Zhao Weiliang, Chairman of Total China, told reporters that through cooperation with local Chinese smart energy technology companies, Total Vision Energy Services (Shanghai) Co.

    People in the industry generally believe that China’s carbon peak and carbon neutral goals will accelerate the development of new energy sources such as wind and solar energy by leaps and bounds.

    Zhao Weiliang said that in recent years, China has been vigorously promoting the interconnection of natural gas infrastructure and the construction of gas storage capacity, and fair opening to third-party market entities.

    "We look forward to expanding more business development opportunities in the Chinese market"

    Last year, thanks to the gradual recovery of the Chinese economy, Bosch Group’s business growth in China hit a record high against the trend, with sales reaching 117.

    Also last year, Bosch worked closely with China Weichai Group to achieve breakthroughs in engine technology.

    Bosch and Weichai are also cooperating in-depth in the fields of new energy batteries and driver assistance systems, aiming to achieve energy-saving and intelligent commercial vehicles.

    "The development of China's new energy market is in full swing, providing suppliers with good development opportunities.

    "Bosch firmly believes in the long-term development potential of China's economy and will continue to invest in strategic areas to serve the Chinese market.