Renewables have been accelerating ahead in China, which is adding far more capacity each year than any other country, with over 760GW installed so far. By contrast, the EU has only managed 500GW, the USA 250 GW. However, the pace of expansion in China has slowed of late. Annual onshore wind capacity additions in China are expected to fall by over 16% to 19 GW from 2020 to 2021, given the Chinese government’s decision to end subsidies, say analysts Wood Mackenzie. Even so, over the next decade Wood Mac expect 250 GW of wind capacity to be added, with repowering opportunities onshore and growth potential offshore. Indeed, some see the latter booming dramatically. So, while wind subsidies will fall by 3.2%, wind capacity will still grow, and PV solar seem likely to do even better: incentives for PV will rise by 14%, with some seeing solar as the major growth area longer term, helping China get 62% of its power from non-fossil sources by 2030.
Renew Extra 17th Oct 2020 read more »