New Energy

China Seen Installing 230 GW of Solar & Wind Power in 2023 – PV

 

China is expected to install about 230 gigawatts (GW) of new solar and wind power in 2023, according to a report by PV Mag, which said the massive increase in solar production capacity and installation would give Chinese consumers power prices less than half the user-prices in Europe or Australia.

China’s power market is larger than the US and Europe combined, and its production capacity for solar and wind will easily surpass the 75 GW expected in Europe and the 40 GW projected in the United States this year, the report said, noting that an analyst said China’s investment in renewables and support infrastructure in recent years had topped expenditure on coal power “by a factor of 5 to 1.”

Read the full report: PV Mag.

 

ALSO SEE:

 

Cities Lead COP28 Climate Change Push as Nations Fail to Deliver

 

China Oil, Gas Giants Accused of ‘Greenwashing’ LNG Purchases

 

COP28: France, US to Seek Ban on Private Funds for Coal Plants

 

Global Subsidies For Oil, Gas and Coal Now Reach $7 Trillion: IMF

 

China to ‘Dominate’ Global Solar Supply Chain For Next Decade

 

China’s Shift to Renewable Energy Roaring Ahead – Guardian

 

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years.

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