AFP: China plans 440-bln dlr stimulus for green energy - 0 views
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China is planning a stimulus package worth 440 billion dollars to expand its renewable energy use, state media said, as the country aims to rely more on cleaner ways to power its growth. The three trillion yuan (439.7 billion dollars) investment will see part of the focus on wind power, the Beijing Morning Post said, citing Liang Zhipeng, a State Energy Administration official. The government has collected opinions from local economic planning agencies and relevant companies about a draft plan, Liang said, according to the report. Under the plan, China's wind power capacity will reach over 100 gigawatts by 2020, the report said, more than triple a goal of 30 gigawatts announced in 2007 in a renewable energy development plan.