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Market Chatter: China Expediting Proposals of New Coal-Fired Power Plants in Q1

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Chinese companies are fast-tracking the pace of proposing new coal-fired power plants, seeking approval for up to 51 gigawatts of new plants in the first quarter despite government resistance, Bloomberg reported Monday, citing Global Energy Monitor.

The figure outpaced the 162 gigawatts of new proposals for the whole of 2025, the report said.

Power plant construction expanded as Beijing touted the role of coal as a backup for intermittent renewable energy sources, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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