China's Hebei Province Aims To Boost Renewable Energy Development

Heibei Province, China --Hebei province proposed in its Twelfth Five-Year Plan, which spans 2011-2015, increasing the portion that renewable energy contributes to final energy consumption -- including electricity, heat and fuel -- from 2.6 percent to more than 5 percent, in a move to boost the development of the new energy sector.Chinese industry analysts have indicated that renewable energy development is likely to become the most important economic growth engine as well as a powerful driver of job and wealth creation in future, as evidenced by dramatically increased capital flows into renewable energy resources like wind, solar and biomass.