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China’s world-leading push for solar and wind energy

Renew Extra 17th Oct 2020, Renewables have been accelerating ahead in China, which is adding far more
capacity each year than any other country, with over 760GW installed so
far. By contrast, the EU has only managed 500GW, the USA 250 GW.
However, the pace of expansion in China has slowed of late. Annual onshore wind
capacity additions in China are expected to fall by over 16% to 19 GW from
2020 to 2021, given the Chinese government’s decision to end subsidies,
say analysts Wood Mackenzie.
Even so, over the next decade Wood Mac expect
250 GW of wind capacity to be added, with repowering opportunities onshore
and growth potential offshore. Indeed, some see the latter booming
dramatically. So, while wind subsidies will fall by 3.2%, wind capacity
will still grow, and PV solar seem likely to do even better: incentives for
PV will rise by 14%, with some seeing solar as the major growth area longer
term, helping China get 62% of its power from non-fossil sources by 2030.

October 20, 2020 - Posted by | China, renewable

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