“Solar and wind installations were spurred in part by steep cost declines as fierce competition among manufacturers has pushed prices of panels and turbines in China to record lows. That’s squeezed profitability for manufacturers and raised expectations of major consolidation across the industry this year. Still, China is continuing to add to its huge network of coal-fired power stations, which provide about 59% of the country’s electricity. Officials insist new plants are needed mainly to serve as back up for intermittent solar and wind generation, and that coal consumption will decline from 2025. Thermal generation capacity increased by 57.93 gigawatts last year, the *NEA said.”
*China National Energy Administration
Helps when the ~~population~~ big businesses doesn’t have to approve the initiatives, they don’t have to worry about NIMBY, and they have cheap labor throughout the country.
Says .. who? China? Because they never lie about their data?
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From the article:
“Solar and wind installations were spurred in part by steep cost declines as fierce competition among manufacturers has pushed prices of panels and turbines in China to record lows. That’s squeezed profitability for manufacturers and raised expectations of major consolidation across the industry this year. Still, China is continuing to add to its huge network of coal-fired power stations, which provide about 59% of the country’s electricity. Officials insist new plants are needed mainly to serve as back up for intermittent solar and wind generation, and that coal consumption will decline from 2025. Thermal generation capacity increased by 57.93 gigawatts last year, the *NEA said.”
*China National Energy Administration
Helps when the ~~population~~ big businesses doesn’t have to approve the initiatives, they don’t have to worry about NIMBY, and they have cheap labor throughout the country.
Says .. who? China? Because they never lie about their data?