solar tech gets explosive growth in china
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By fully embracing energy conservation, efficiency and renewable, China has the potential to demonstrate to the world that economic growth is possible while sharply reducing the emissions that drive unhealthy air pollution and climate change.TRANSCRIPT
Greenshine New Energy http://www.greenshine-solar.com
Solar-Tech Gets Explosive Growth in China
From being the highest energy consumer to highest producer last year, China also tops the
chart for fastest solar growth. Among the developing countries, only china could achieve 0%
electricity-deprived population. This is indeed a big success after outweighing its huge
population. China lead the solar market in 2013, expanding her 3gigawatts (GW) of 2012 to
12GW. With this, the global solar market looks up from two continuous years of downturn.
Until 2012, Europe has led the photovoltaic market which is now in the hands of China, Japan
and the US. Entertaining from low panel price and government subsidies, these three also cover
more rooftop installations than ground mount. However, Chinese solar farms are determined
to produce more ground mount production as issues like grid accessibility; government policy
and funding are resolved. Many of these panels are produced in China and find its home market
installations to break record capacity last year. Japan goes for 10.5 while the US targets 5.3.
Solar stock prices in China leaps up in 2013 with some going as high as 70%. Some shares triple
as the Chinese solar industry booms with in-home and out-bound sales.
National Energy Administration of China targets for 14GW of which 8 is to serve distributed
generation while the other 6 will do the utility scale. China may face challenges with their new
distributed generation scheme and pushy utility scale. However, policy makers anticipate
catching up. The government has allocations for each province, which they say, is flexible to the
amount of power their grid can absorb. “PV is becoming ever cheaper and simpler to install”,
says Jenny Chase, a solar analyst, “and China’s government has been as surprised as European
governments by how quickly it can be deployed in response to incentives.”
With china’s solar boom, the world adds approximately 21% renewable installations. This is
close to 2012’s 20% new add-ons but a huge leap considering 2011’s 4.4%. Ash Sharma,
another solar researcher says, “After two years of a punishing downturn, the global solar
industry is on the rebound”. Japan pushes up 150% growth in PV installations in 2013 and
anticipates another 5GW in 2014. Issues like feed-in tariffs and carbon tax slow solar growth in
promising countries like India and Australia. Europe seems to have descended in new
installations lately.
Greenshine New Energy http://www.greenshine-solar.com
World Wildlife Fund reports that China holds the capability to switch to 80% generation
(projected in 2050) out of renewable sources rather than depending on fossil fuels (as is the
current trend now). This will cut 90% carbon emission from China. Now that china tops the
energy-consuming chart, China’s going green matters. The world expects a lot from China as
said by Lunyan Lu, WWF’s China Climate and Energy Program Director, “By fully embracing
energy conservation, efficiency and renewable, China has the potential to demonstrate to the
world that economic growth is possible while sharply reducing the emissions that drive
unhealthy air pollution and climate change”.
The international community waits to see the leading countries to produce the energy they
need in a healthy and sustainable manner.
About GreenShine: http://www.greenshine-solar.com/
Greenshine New Energy, LLC. Specializes in developing and manufacturing customized solar
powered lighting systems for a wide range of lighting applications. At Greenshine we specialize
in solar street lights, garden lights, and lawn lights for outdoor applications. Our lights can be
installed anywhere, especially areas where grid tied electricity is not available.