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China raises renewable energy goals

Chris

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China will raise development targets for renewable energy such as wind power for the five-year period through 2015, state media reported on Tuesday, as the world's top energy user and carbon emitter aims to reduce its reliance on fossil fuels.

The country aims to have 100 gigawatts (GW) of on-grid wind power generating capacity by the end of 2015 and to generate 190 billion kilowatt hours (kWh) of wind power annually, the China Securities Journal reported, citing a government plan.

The goal was higher than a target of 90 GW proposed earlier by the National Energy Administration.

Normal hydropower capacity at the end of 2015 will also be revised up to 260 GW from the previous 250 GW, according to the report and earlier government official comment.

Of the planned 10 GW of solar power capacity in 2015, photovoltaic power installations will account for 9 GW and solar thermal capacity will make up the rest, the report said.

China revises up 2015 renewable energy goals - International Business Times
 

Moonglow

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China will raise development targets for renewable energy such as wind power for the five-year period through 2015, state media reported on Tuesday, as the world's top energy user and carbon emitter aims to reduce its reliance on fossil fuels.

The country aims to have 100 gigawatts (GW) of on-grid wind power generating capacity by the end of 2015 and to generate 190 billion kilowatt hours (kWh) of wind power annually, the China Securities Journal reported, citing a government plan.

The goal was higher than a target of 90 GW proposed earlier by the National Energy Administration.

Normal hydropower capacity at the end of 2015 will also be revised up to 260 GW from the previous 250 GW, according to the report and earlier government official comment.

Of the planned 10 GW of solar power capacity in 2015, photovoltaic power installations will account for 9 GW and solar thermal capacity will make up the rest, the report said.

China revises up 2015 renewable energy goals - International Business Times

The Chinese will probably succeed because they have no GOP.
 

Mr. H.

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It's a PR smokescreen.

"Reduce its reliance on fossil fuels"? They'll never make an appreciable impact.
They will use the opportunity to fine-tune the technology and manufacturing processes, then export the goods (like they are currently exporting to the U.S.).

Hydrocarbons in China, like most of the world, will continue to be the dominant fuel well into the foreseeable future.
 

westwall

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China will raise development targets for renewable energy such as wind power for the five-year period through 2015, state media reported on Tuesday, as the world's top energy user and carbon emitter aims to reduce its reliance on fossil fuels.

The country aims to have 100 gigawatts (GW) of on-grid wind power generating capacity by the end of 2015 and to generate 190 billion kilowatt hours (kWh) of wind power annually, the China Securities Journal reported, citing a government plan.

The goal was higher than a target of 90 GW proposed earlier by the National Energy Administration.

Normal hydropower capacity at the end of 2015 will also be revised up to 260 GW from the previous 250 GW, according to the report and earlier government official comment.

Of the planned 10 GW of solar power capacity in 2015, photovoltaic power installations will account for 9 GW and solar thermal capacity will make up the rest, the report said.

China revises up 2015 renewable energy goals - International Business Times





Good for them. Let them make the mistakes and for once we can take the cheap route and reverse engineer THEIR WORK!
 

waltky

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China tryin' to corner the renewable energy market...
icon_omg.gif

Chinese renewable power giant builds global empire
Jan 4,`17 -- Other investors are wary of Brazil, but when Duke Energy wanted to sell 10 hydroelectric dams there, a Chinese utility shrugged off the country's economic turmoil and paid $1.2 billion to add them to an energy empire that stretches from Malaysia to Germany to the Amazon.
State-owned China Three Gorges Group is spending heavily to buy or build hydro, wind and solar projects at a time when Western utility investors are pulling back and President-elect Donald Trump's pledge to revive coal use has raised doubt about U.S. support for renewables. "They're happy to invest wherever they see value or they can gain a foothold," said Andrew Shepherd, who follows the global utility industry for BMI Research. Flush with cash and willing to tolerate risks that put off older rivals, CTG and other state-owned utilities including State Grid Corp., the world's biggest power supplier, are expanding abroad in search of new revenue sources as economic growth and electricity demand at home cool. A decade ago, they built dams and power plants in Asia and Africa. Now, they also are taking on a longer-term role as operators of power companies in Europe and Australia and are looking at the U.S. market. They are providing welcome investment in troubled markets such as Brazil and southern Europe.

Set up in 1993 to run the vast Three Gorges Dam in central China, CTG is unusual in its status as a national-level Chinese power company with global ambitions but a reliance on non-fossil-fuels sources. The company still gets most of its 60 gigawatts of generating capacity from dams. Its namesake 46-gigawatt facility on the Yangtze River competes with Brazil's Itaipu Dam for the title of world's biggest hydropower facility. Such projects face a backlash over environmental damage and forced relocation of local communities. In August, Brazil's environmental agency rejected a proposal by CTG and Portugal's national power company, Energias de Portugal, to build the 8-gigawatt Sao Luis do Tapajos Dam on the Amazon. The dam would have flooded land belonging to Munduruku Indians.

CTG, which says it is active in 40 countries, starting investing in wind power in 2007 and solar in 2011 - projects that are easier and more politically attractive. In June, it bought a wind farm in Germany from Blackstone Energy Partners. A CTG-built dam in Malaysia started commercial generation in May. CTG has a joint venture with Australian startup RayGen Resources to set up solar projects in China. In the past five years, CTG has spent more than $10 billion on hydro and wind assets in Brazil, Germany, Italy, Poland and Portugal, according to Dealogic, a financial data provider. It also has built a dam in neighboring Laos and a wind farm in Pakistan. "Three Gorges Group takes building an international first-rate clean energy group as a strategic goal," the company said in a written response to questions. It said its European presence is a "development platform" for North America.

The ruling Communist Party is spending heavily on renewable energy to curb reliance on imported oil and gas and on coal, reduce eye-searing smog and create profitable technologies. Not including large-scale hydroelectric dams, China invested $103 billion last year in wind, solar and other renewable sources, according to the U.N. Environment Program. The U.S. spent $44 billion. Beijing's spending is nurturing Chinese export industries. The country's solar panel makers are global industry leaders and its wind turbine manufacturers are stepping up exports.

MORE
 

skookerasbil

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The naïve suckers of the world always fall for this stuff...............chalk it up to lack of information in almost all cases. The suckers fall for misdirection bs like, "China cutting coal production by 20%"..........when the reality is, they are simply cutting new coal plant production from 4/month to 3/month!!! Fucking suckers............

China is now building 2-3 new coal plants PER MONTH :ack-1::ack-1::ack-1::ack-1:. Will increase coal production.........ready for this.........50% by 2050!!:rofl::rofl::rofl: You stoopid naïve suckers:bye1:

China’s Growing Coal Use Is World’s Growing Problem

The suckers think China will be mostly renewables in like 5 years!!:eusa_dance::eusa_dance::eusa_dance:
 

martybegan

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China will raise development targets for renewable energy such as wind power for the five-year period through 2015, state media reported on Tuesday, as the world's top energy user and carbon emitter aims to reduce its reliance on fossil fuels.

The country aims to have 100 gigawatts (GW) of on-grid wind power generating capacity by the end of 2015 and to generate 190 billion kilowatt hours (kWh) of wind power annually, the China Securities Journal reported, citing a government plan.

The goal was higher than a target of 90 GW proposed earlier by the National Energy Administration.

Normal hydropower capacity at the end of 2015 will also be revised up to 260 GW from the previous 250 GW, according to the report and earlier government official comment.

Of the planned 10 GW of solar power capacity in 2015, photovoltaic power installations will account for 9 GW and solar thermal capacity will make up the rest, the report said.

China revises up 2015 renewable energy goals - International Business Times

They have also announced that the chocolate ration has been increased from 100 grams to 75 grams....
 

skookerasbil

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China will raise development targets for renewable energy such as wind power for the five-year period through 2015, state media reported on Tuesday, as the world's top energy user and carbon emitter aims to reduce its reliance on fossil fuels.

The country aims to have 100 gigawatts (GW) of on-grid wind power generating capacity by the end of 2015 and to generate 190 billion kilowatt hours (kWh) of wind power annually, the China Securities Journal reported, citing a government plan.

The goal was higher than a target of 90 GW proposed earlier by the National Energy Administration.

Normal hydropower capacity at the end of 2015 will also be revised up to 260 GW from the previous 250 GW, according to the report and earlier government official comment.

Of the planned 10 GW of solar power capacity in 2015, photovoltaic power installations will account for 9 GW and solar thermal capacity will make up the rest, the report said.

China revises up 2015 renewable energy goals - International Business Times

They have also announced that the chocolate ration has been increased from 100 grams to 75 grams....



:rofl::rofl::rofl::rofl:

Marty........this place is like a daily personal comedy club where we get to abuse the mental cases of the world!!:spinner:
 

Old Rocks

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World Energy Hits a Turning Point: Solar That's Cheaper Than Wind

World Energy Hits a Turning Point: Solar That's Cheaper Than Wind

Emerging markets are leapfrogging the developed world thanks to cheap panels.
by
Tom Randall
December 14, 2016, 10:00 PM PST December 14, 2016, 10:04 PM PST
A transformation is happening in global energy markets that’s worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity.

This has happened in isolated projects in the past: an especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. But now unsubsidized solar is beginning to outcompete coal and natural gas on a larger scale, and notably, new solar projects in emerging markets are costing less to build than wind projects, according to fresh data from Bloomberg New Energy Finance.

The chart below shows the average cost of new wind and solar from 58 emerging-market economies, including China, India, and Brazil. While solar was bound to fall below wind eventually, given its steeper price declines, few predicted it would happen this soon.

360x-1.jpg



“Solar investment has gone from nothing—literally nothing—like five years ago to quite a lot,” said Ethan Zindler, head of U.S. policy analysis at BNEF. “A huge part of this story is China, which has been rapidly deploying solar” and helping other countries finance their own projects.

Half the Price of Coal
This year has seen a remarkable run for solar power. Auctions, where private companies compete for massive contracts to provide electricity, established record after record for cheap solar power. It started with a contract in January to produce electricity for $64 per megawatt-hour in India; then a deal in August pegging $29.10 per megawatt hour in Chile. That’s record-cheap electricity—roughly half the price of competing coal power.

“Renewables are robustly entering the era of undercutting” fossil fuel prices, BNEF chairman Michael Liebreich said in a note to clients this week.

Those are new contracts, but plenty of projects are reaching completion this year, too. When all the 2016 completions are tallied in coming months, it’s likely that the total amount of solar photovoltaics added globally will exceed that of wind for the first time. The latest BNEF projections call for 70 gigawatts of newly installed solar in 2016 compared with 59 gigawatts of wind.

The overall shift to clean energy can be more expensive in wealthier nations, where electricity demand is flat or falling and new solar must compete with existing billion-dollar coal and gas plants. But in countries that are adding new electricity capacity as quickly as possible, “renewable energy will beat any other technology in most of the world without subsidies,” said Liebreich.

Looks like coal is dead, and natural gas will follow in a couple of decades. And geothermal has yet to come into it's own.
 

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