There is a lot of #china bashers out there particularly with regards #energy. The bottom line though is that #China is not only the biggest producers of #solarpanels, #inverters#windturbines and #batteries in the world but also the biggest market for all these products.
This year #china will install circa 100GW of #solarpanels. If you add the 50GW from last year the country has installed over the last 18 months more than the total installed base of the #Unitedstates.
#china will install over 50GW of #wind in 2022 which is more than 50% of all global wind turbines installed this year.
If we look at #EVs its the same story. Some 5m new EVs will come onto Chinese roads this year, which is greater than the global market for EVs in 2020!
Bottom line, #China is leading the global #energytransition and unsurprisingly peak #coal is very near! 2025 according to JPMorgan.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Just returned from an insightful trip to #REPlus#REPlus23 #REPlus in #LasVegas, the largest #solar trade show in the US. Here are some key takeaways and reflections:
1.🌞#Solar's Meteoric Rise: In just 20 years, #solar has transformed from a niche market to an industry surpassing the #oil and #gas sector in capital investment this year.
2. 🌍 #GlobalGrowth: Over 400GW of #solar installations are anticipated worldwide this year, compared to a mere 1GW two decades ago. Expect 450GW of new installs next year.
"A Picture Can Tell 1,000 Stories
This image depicts power generation across #Europe last Saturday, with a focus on the need for #gas plants to balance the variability of #solar and #wind in the power system.
What's intriguing is that #renewable #hydro provided the bulk of necessary flexibility across #europe as power prices surged from zero to EUR 100/MWh across Europe when the sun went down!
The graph shows that #nuclear power is quite similar to #coal, both running 24/7 and facing negative prices during sunny days.
These advancements mean better #energyefficiency, increased range, and lower costs. With fewer parts, economies of scale will soon make electric vehicles as affordable as internal combustion engines. The future is electric! ⚡️🚗 #EVs#CleanTransportation
Long-haul trucking and farm & mining equipment pose interesting challenges. Will it be all #batteries or a combo of #fuelcells and batteries? My bet is on batteries dominating the field due to their innovation and scalability. Fuel cells are still in their early stages
One of the biggest challenges for #solar and #wind is integrating more renewable energy into the power system. How can we do this effectively? #renewableenergy#cleanenergy
To encourage the buildout of renewables, we need strong financial incentives. Finding the right mechanisms is crucial for a successful energy transition. #renewableenergy#financialincentives
Impressive! #Denmark consistently meets 85% of its weekly energy needs from #renewables. They are leading the way in sustainable energy production. #cleanpower
As the @BMWK considers continuing the subsidization of #energy prices; back in the real world power prices in #Germany will be zero for a large part of the weekend, as they are every second weekend.
Meanwhile in the #netherlands today you can be paid EUR100/MWh to take power…
#spain will also have zero power prices as it did yesterday
Research Report of the Week: The #Global#Electricity Review from Ember which is full of incredible information on what is going on in the world of electricity, #renewables etc