An Electric Multiple Unit high-speed train for a rail link project, which is part of China's Belt and Road Initiative is seen at the Tegalluar train depot construction site in Bandung, West Java Province, Indonesia, October 1, 2022, in this photo taken by Antara Foto. Antara Foto/Aprillio Akbar/ via REUTERS/File Photo
According the report from the Green Finance and Development Centre at Fudan University in Shanghai, 56% of China's $8.61 billion in engagement, which they define as construction and investment, in the energy sector in BRI countries during the first half of the year went into renewable energy such as solar, wind, or hydropower projects.
Chinese President Xi Jinping launched the BRI in 2013 to harness China's strengths in financing and infrastructure construction and "build a broad community of shared interests" throughout Asia, Africa and Latin America. The GFDC did note that in January Pakistan approved a 300 megawatt coal power plant to be built by China but it was not included in the tally because it has not reached financial close.