China mulls 3 trln yuan spending for renewable energy

Published: 11 May 2009 17:59:43 PST

BEIJING, May 12 - China is considering investing a more than 3 trillion yuan ($440 billion) in the renewable energy sector by 2020, an official with the National Energy Administration said on Tuesday.

The administration is drafting a stimulus plan for the industry that will noticeably raise the development targets for wind and solar power, Liang Zhipeng, an official with the New Energy and Renewable Energy Department under the administration, told an industry conference.