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Solar to drive renewable energy use, as China’s capacity just keeps expanding - South China Morning Post

South China Morning Post · last updated

Solar to jump into renewable energy driving seat at home and abroad, as China’s capacity just keeps expanding, analysts say | South China Morning Post

A photovoltaic power station in Yinchuan, in China’s northwest Ningxia Hui Autonomous Region. Photo: EPA-EFE/XINHUA

Solar to jump into renewable energy driving seat at home and abroad, as China’s capacity just keeps expanding, analysts say

- China’s solar sector is expected to add a total of 120GW to 140GW of capacity this year, at least 40 per cent higher than 2022, Hong Kong-based WaterRock’s Lucas Zhang says
- Solar power generation will soon become the most economical form of electricity in China, surpassing hydropower to become the largest non-fossil energy source by the end of this year, Shanghai event hears

A photovoltaic power station in Yinchuan, in China’s northwest Ningxia Hui Autonomous Region. Photo: EPA-EFE/XINHUA

Related Knowledge Center: ENERGY BASICS: solar

State of Play

Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.

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