Business丨Biomass, hydropower set for long term plays

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The biomass and hydropower industries are emerging as key sectors with significant growth potential, and are expected to become long term investment hot spots by 2025, according to industry experts.    As China enters a new phase of economic development, the energy sector is playing a crucial role in stabilizing the broader economy, according to the Forecasting & Prospects Research Report on Energy Economy released by the Center for Energy and Environmental Policy Research of Beijing Institute of Technology.    Wind and solar power have proved to be essential in optimizing the nation's energy supply-demand balance, yet biomass and hydropower are gaining momentum due to their long-term viability and environmental benefits, it said. ▲ A wind farm seen in Rongcheng, Shandong province. Li Xinjun/For China Daily    Biomass refers to material derived from living organisms that are utilized for bioenergy production, including wood and wood residue, energy crops, agricultural byprod ………………………………