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.

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  • 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 Chinas government has been as surprised as European

    governments by how quickly it can be deployed in response to incentives.

    With chinas solar boom, the world adds approximately 21% renewable installations. This is

    close to 2012s 20% new add-ons but a huge leap considering 2011s 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, Chinas going green matters. The world expects a lot from China as

    said by Lunyan Lu, WWFs 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.