China is the global biomass outperformer as it is expected to be the leading market globally for growth in biomass and waste power capacity, with the addition of more than 14.5 gigawatts (GW) to its capacity over the decade, according to Fitch Solutions.

Fitch cited China’s long-term electricity market plan which aims to boost the country’s non-hydropower renewables share of total generation to 25.9% by 2030, with biomass being a key component of the target.

“Multiple initiatives such as directly offsetting or replacing coal feedstock with agricultural waste in combined heat and electricity generation plants were also outlined. This will, in part, be driven by the country's vast biomass feedstock potential which would typically otherwise be wasted,” the report read.

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