As the largest developing country, China has abundant wind, biomass and solar energy resources. Under the large demand for electricity and the shortage of fossil energy, it is essential to develop renewable energy generation in China. This paper analyzes the resources, scale, market operation, profitability and policies of China’s wind, biomass and solar power generation and gives a discussion of the investment risks in the current situation. It is expected that the analysis in this paper could be helpful for the potential investors to make decision.