China is likely to install nearly three times more wind turbines and solar panels by 2030 than it’s current target, hel drive the world’s biggest fuel importer toward energy self-sufficiency.
China is likely to install nearly three times more wind turbines and solar panels by 2030 than it’s current target, hel drive the world’s biggest fuel importer toward energy self-sufficiency, according to Goldman Sachs Group Inc.
Falling costs will make around-the-clock clean power increasingly profitable, leading to the rapid deployment of renewables and batteries, analysts including Nikhil Bhandari and Amber Cai said in a report on Monday. Solar and wind capacity will reach 3,300 gigawatts by 2030, well ahead of the government’s target of 1,200 gigawatts.
包括Nikhil Bhandari和Amber Cai在内的分析师在周一的一份报告中表示，成本下降将使全天候清洁能源的利润越来越高，推动了可再生能源和电池的快速部署。到2030年，太阳能和风能发电量将达到3300千兆瓦，远远超过政府设定的1200千兆瓦的目标。
China's main strategic vulnerability is its dependence on fossil fuel imports. More and more US politicians and military figures talk of the inevitability of war with China. Is China speeding up renewable deployment to fix its biggest weakness?
The exponential rise of wind/solar continues! It’s insane how no projections on them have been correct so far and have always been pessimistic
Swanson's Law: Cost of solar per kWh drops by 75% every decade.
Currently new solar beats new coal and even some exsting coal generation on cost. By 2030 nothing will compete with solar.
Yeah, the advantages of renewables and clean energy are so great, it's really weird when people fight it. Like, every time a state decides to transition to fully electric cars by 2035 doomsayers will come out and say that there is no way people will be able to afford them or whatnot. I'm willing to bet that by 2035 there won't be any gas cars sold outside of niche domains just by natural market forces.
They are also building huge hydrogen infrastructure, batteries and what not
We are fighting politically instead
Free market / Innovation always wins
Lot of money to be made.
Only reason, strike while it’s hot.
Considering China nearly doubles even the US on energy consumption, this is good news. If only the States and India would follow suit.
India released their stats for 2022 and 92% of their capacity additions that year were wind/solar!
India solar energy is BOOMING
Conservatives complained because China used more power and wasn't green.
Now conservatives are gonna complain about some other reason they feelings hurt
Considering they have 4.25x the population of the US and only double the consumption, I think the US needs to get off of its ass
Both countries are on the pathway.
Actually, India is ahead of China in terms of solar capacity (6.5% versus 6.2%) and is installing 500 GW by 2030. The US is at 3.4%, but is ram up its solar capacity.
实际上，印度在太阳能装机容量方面领先于中国(6.5% vs 6.2%)，到2030年将安装500千兆瓦。美国的这一比例为3.4%，不过它正在提高太阳能发电能力。
If only we would transition before having burned all coal
US has a damn hardon for nuclear and coal that holds it back.
India whatever is cheaper will sell. Solar is booming right now cause it's way cheaper than other sources. Also as a house owner who had to deal with unreliable grid it's a godsend for me.
India has been for a while. When the oil prices skyrocket again we're going to be the ones holding the bag while India and China start getting ahead again.
To be fair, they need energy independence more than any other big economy and they know it.
Don’t we all? America isn’t really better off relying on Saudi oil.
Their economy also needs a new big project. I'm wishing them great success with this one.
Solar and wind have hit critical price points that pretty much guarantee they’ll be the dominant energy source for the foreseeable future. Don’t “but muh” dispatchable electricity me. There is no dispatchable source of power that makes up the difference. Believe it or not gas peaked plants cost quite a bit and nuclear isn’t dispatchable without significantly increasing the levelized cost of electricity. It’s renewables and batteries that are wng right now and will likely continue to till fusion becomes feasible or something else comes along. Possibly cheaper drilling tech that makes super critical geothermal cheaper
How does China deal with the intermittent delivery of renewables?
Are they also installing giant battery systems or is this not needed for their usage?
You forgot tidal energy, long term super predictable and continuous energy source, day and night.
Geothermal has a significant disadvantage in the gigantic consumption of clean water (except for closed loop systems, but they are rare as hens teeth).
Go nuts, China. We should be doing the same. There's only one Earth, and I'm sick of the fossil fuel industries buying politicians to delay solar and wind.
it also means that solar panel prices will plummet as they ramp production way up.
But the US tariff will drive it back up
There’s a strategic motive for this, in a hypothetical war the US could cut off its main supply of oil and gas and would need Russia to supply them and their fossil fuel industry is decaying from lack of modernization.
how America under Biden is so behind and still trying to drill when Wind and Solar are the real future.
Amazing what you can achieve when not trying to police the world!
Incredibly inspiring stuff! They truly are leading the way when it comes to pushing for clean renewable power.
Yes. Most of China's fuel dependence comes from fuel from the middle east. If war with the west breaks out the US and its allies can just block the Strait of Hormuz or Malacca which cuts the sea route entirely. China has been doing everything in its power to remove this weakness.
Ecosocialist ideology is big in China