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When seen through the lens of technology, few resources are truly scarce; they’re mainly inaccessible. 

 

Peter Diamandis

China solar must increase 600% to displace coal, gas and nuclear new annual additions

RATE THIS! +38
Posted in Hardware on 24th Nov, 2017 09:18 AM by Alex Muller

In 2016, China installed 123 GW of electricity production. 34 GW of it was solar. 281 TWh was added in 2016. 28TWh was solar. China will install about 54 gigawatts of solar-power capacity in 2017 which is about 80% more than most forecasters had predicted.

 

“The amount of rooftop solar plants and projects aimed at easing poverty were more than expected and developers rushed to build some ground-mounted solar projects before they have been allocated subsidies,” said Yvonne Liu, a BNEF analyst in Beijing.

 
New estimates for 2018 are 55 GW for China’s solar power installations.
 
The 54 GW of solar installed in 2017 will likely generate 44 TWh. China would need to reach 340 GW of solar installation for all the new power generation to be replaced by solar.
 
Solar is cheaper in many cases than traditional power.
 
The new 55GW estimate for solar installation in China in 2018 is likely an underprediction again. Nextbigfuture will estimate that China will install 80 GW of solar in 2018.

Tags: solarenergyhardwaresolar panels

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