LOWER COSTS, POLICIES LIFT SOLAR POWER

By mid 2017, China has already installed 23.6 gigawatts of solar power, exceeding predictions by analysts that only 20 to 25 gigawatts capacity would be added for the whole year.

china solar surges mid 2017
China's installed solar power capacity surged over the first half of the year amid shrinking costs and government policies.
Over the first six months, 23.6 gigawatts of solar power were installed, 34.2 per cent higher from a year ago, UBS said yesterday, adding that it was “far more than expected as most domestic analysts predicted at the beginning of the year that only 20 to 25 gigawatts would be added for the whole year.”
Of the installed solar capacity over the first half year, 7 gigawatts was by rooftop panels at consumers’ homes, up from below 2 gigawatts a year ago, according to the China Electricity Council.
Alex Liu, UBS analyst, predicted that up to 40 gigawatts of solar power are expected to be installed across China this year.
Shrinking costs have powered the growth of solar power. Five years ago it cost around 1.5 yuan (22 US cents) to generate a kilowatt-hour of solar power. By the end of last year it cost under 0.6 yuan per kwh, Liu said.
China is also spurring solar power development by giving grants for solar projects and promoting installations in remote and undeveloped regions.
SOURCE:www.eco-business.com

Comments

Post a Comment

Popular posts from this blog

COP 23 TO UNVEIL INNOVATIVE APPROACHES TO MEASUREMENT, REPORTING AND VERIFICATION (MRV)

Image
COP 23 Side-event to showcase innovative approaches to Measurement, Reporting and Verification (MRV) Thursday 9 th  November, 2017 The event  will showcase innovative approaches endorsed by the European Union (EU) to enhance Measuring (and monitoring), Reporting and Verification (MRV) capacity and their engagement in the transparency framework under the Paris Agreement. The side event will provide an overview of three specific projects, emphasizing new solutions which can be accessed and potentially replicated in other contexts: two major EU-funded projects, the  ClimaSouth project  and the Regional implementation of Paris Agreement project (RIPAP), and Information Matters, a project supported by Germany and implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). source: europa.eu
Read more

CLIMATE CCHANGE: PAKISTAN LAUNCHES FIRST FOREST MONITORING SYSTEM TO TACKLE CLIMATE CHANGE

Image
  System will help improve conservation and sustainable management of forests The Billion Tree Afforestation Project aims to slow down the effects of global warming in Pakistan. Image Credit: Billion Tree Tsunami Afforestation Project Islamabad: Pakistan has launched its first ever national forest monitoring system to curb illegal deforestation and degradation of land and to mitigate the effects of climate change. The forest monitoring system through satellite data would help the country improve “conservation, sustainable management of forests, enhancement of forest carbon stocks and monitor changes in the forest land use and detect deforestation land degradation activities,” said Prime Minister’s Special Assistant on Climate Change, Malik Amin Aslam. Pakistan loses forests over 27,000 hectares annually which is not only a massive environmental issue but also a major public health crisis. “There has been large-scale deforestation and land degradation in the country over last severa...
Read more

CLIMATE CHANGE: U.S. CLIMATE POLICY LEADERS RELEASE AMAZON FOREST PROTECTION PLAN

Image
A bipartisan group of former U.S. cabinet officials and chief climate negotiators has come together to build support for the Biden-Harris campaign pledge to protect the Amazon rainforests.  The group has offered concrete policy  recommendations  to Congress and Presidential Special Envoy John Kerry, to whom the task of delivering on this promise will fall. The Amazon rainforest The  Climate Principals  include three former cabinet officials and four former State Department chief climate negotiators. Collectively, the group’s members have led U.S. climate diplomacy for all Presidential  administrations  from the 1992 Rio Earth Summit to the 2015 Paris Agreement. This is the first time that such a diverse and  distinguished  bipartisan group has come together to offer concrete international climate policy recommendations for any particular geographic region or economic sector. The Principals include Bruce Babbitt, former Governor of A...
Read more