China’s state planner has called for more investment in equipment upgrades to help support the country’s energy transition. The energy upgrade plan calls for investment in renewable and power grid technologies, energy conservation, and coal power plant flexibility—areas that Beijing has signaled will be key to the transition from coal to lower-carbon power. The plan reiterates existing regulations on equipment upgrades, including one that requires wind farms older than 15 years, or with less than 1.5 megawatts (MW) of capacity, to be retrofitted.…
