National Energy Administration: In the past decade, China has helped reduce the average cost of wind and solar power projects globally by 60% and 80% respectively.

Wang Hongzhi, member of the Party Group of the National Development and Reform Commission and director of the National Energy Administration, stated at the "High Quality Completion of the 14th Five-Year Plan" series of theme press conferences held by the State Council Information Office on August 26 that, focusing on key energy areas and major demands, the National Energy Administration is strengthening international scientific and technological cooperation in hydrogen energy, energy storage, nuclear power, smart energy, and other fields with countries participating in the "Belt and Road" Initiative. It continues to promote cooperation in the clean energy industry, actively promoting Chinese new energy generation, ultra-high voltage transmission, smart grids, and other energy technologies and equipment to go global. Over the past decade, China has helped reduce the average cost of wind and solar power generation projects globally by 60% and 80%, respectively, making a significant contribution to global green transformation.