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China Daily: ‘Taking Energy in the Right Direction’

first_imgChina Daily: ‘Taking Energy in the Right Direction’ FacebookTwitterLinkedInEmailPrint分享By IEEFA’s Tim Buckley in China Daily Asia:China has formally confirmed two new clean energy world records in 2015 — one for installing 32.5 gigawatts (GW) of wind in a single year, and the second for installing between 15 and 18 GW of solar.The Indian solar sector has started 2016 with a staggering development, that being a further 7 percent reduction in tariffs to a record low unsubsidized 4.34 rupees (6 cents) per kilowatt-hour (kWh) fixed flat for 25 years. This builds rapidly on the 20 percent decline achieved in 2015 alone (and an 80 percent decline in just five years).China’s figures confirm the country’s record-breaking shift toward renewable power and away from coal. Hydroelectricity, solar and wind continue to be the big winners, as illustrated by a 73.7 percent increase in grid-connected solar generation capacity.Declining consumption coupled with an overabundance of domestic supply meant coal imports into China were particularly badly hit and dropped 30.4 percent year-on-year.While these figures are largely consistent with initial estimates for 2015, the official National Bureau of Statistics of China confirmed, yet again, that the global electricity markets are transforming a great deal faster than anyone actually expected.Full article:  Taking Energy in the Right Directionlast_img

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