Rich pickings ahead for power sector financing, says report

China's power demand will increase by 65 percent through 2050 from the current level, while its GDP is likely to grow by 225 percent, and the huge demand will create huge investment opportunities, said a new industry report.

By 2050, electricity demand in Asia will nearly double, and to meet the growing demand, the Asia-Pacific region will account for nearly half of the globe's new investment, which will be $5.8 trillion. China, together with India, will create investment opportunities worth $4.3 trillion, according to Bloomberg New Energy Finance.

As the cost of renewable energy continues to fall, it will challenge the current dominant position of coal in the power sector. It is likely that there will be no new coal-fired power projects in China from 2025, and coal-fired power generation will fall from 2027. By 2050, coal-fired power will take up about 15 percent of total power generation.