Space Industry and Business News  
SOLAR DAILY
China cooling has mixed solar power impact
by Daniel J. Graeber
Washington (UPI) Aug 08, 2018

While a Chinese decision to limit subsidies on new solar project curbs global growth, some sectors will benefit from the subsequent oversupply, analysis finds.

The National Energy Administration in China in June scrapped new subsidies for utility-scale solar power stations. Analysis compiled by consultant group Wood Mackenzie found that Chinese demand for solar power this year declines 40 percent as a result.

China's decision to cut tariffs was designed to slow the accelerated growth in the country's solar power capacity. The country last year accounted for about 60 percent of new solar installations and the new measure imposed strict quotes on new capacity, eliminating generous subsidies for projects outside that quota.

Nevertheless, Wood Mackenzie found that three countries - China, India and Japan - will account for the bulk of the new installations over the next two years.

"Despite the slowdown in the Chinese market, as well as China's and Japan's declines year-over-year, Asia will continue to account for at least 50 percent of the global annual install through 2020," the consultant group's emailed report read.

Because Chinese installation of new solar power capacity declines 30 percent from initial expectations through 2022, global demand cools off as well. Global demand for solar projects in 2018 declined 17 percent compared with Wood Mackenzie's forecast before the Chinese subsidy announcement.

In June, the International Energy Agency found total global energy investments declined 2 percent from 2016 to reach $1.8 trillion last year. Financial support for renewable energy, which accounted for about 60 percent of the total spending for power generation, declined 7 percent.

IEA Executive Director Fatih Birol said the decline threatens the expansion of low-carbon alternatives as well as climate goals set by nations and blocs.

Wood Mackenzie found, however, that the price for solar modules drops because of market saturation resulting from the slowdown in the Chinese market.

"Some markets will see increased installation, particularly Europe, though the benefits will not be realized until 2019 and beyond," the report read.

China, the second-largest economy in the world behind the United States, saw record spending in solar power, accounting for about 45 percent of the total last year. For all energy investments, China took in about 20 percent of the world total.


Related Links
All About Solar Energy at SolarDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


SOLAR DAILY
French energy company ENGIE boasts of solar success
Washington (UPI) Aug 7, 2018
French energy company ENGIE declared Tuesday it was setting records in the country by securing hundreds of megawatts of solar projects. Though its subsidiaries, the company said it won 25 photovoltaic projects in France following a call for tenders from the nation's energy regulatory commission. Of the 710 megawatts of design capacity awarded, ENGIE secured 32 percent. "ENGIE thereby confirms its position as solar leader in France with already 1,000 MW of installed capacity," the company ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

SOLAR DAILY
A new classification of symmetry groups in crystal space proposed by Russian scientists

Lasers write better anodes

Better way found to determine the integrity of metals

Recycling provides manufacturers with real competitive and economic advantages

SOLAR DAILY
Why Ku-band HTS is superior for AISR

Asia is a huge growth market for government SATCOM

DARPA, Lockheed Martin Demonstrate Technologies to Enable a Connected Warfighter Network

IntelsatOne FlexAir Coming This Summer for Government Aircraft Operations

SOLAR DAILY
SOLAR DAILY
China launches new twin BeiDou-3 navigation satellites

Arianespace orbits four more Galileo satellites, as Ariane 5 logs its 99th mission

GMV and Tecnobit partners with Skydel

Europe's next Galileo satellites in place atop Ariane 5

SOLAR DAILY
Hong Kong's Cathay Pacific narrows losses in first half

Boeing receives $186.2 million order for F/A-18 spare parts

Lockheed receives $171M contract for F-35 production

Boeing receives contract for French E-3F AWACS upgrades

SOLAR DAILY
Memory-processing unit could bring memristors to the masses

Extreme conditions in semiconductors

Reversing cause and effect is no trouble for quantum computers

World-first quantum computer simulation of chemical bonds using trapped ions

SOLAR DAILY
Urban geophone array offers new look at northern Los Angeles basin

What is causing more extreme precipitation in the northeast?

Australia facing increased intense rain storms

Satellite tracking reveals Philippine waters are important for endangered whale sharks

SOLAR DAILY
Australia supermarket bagged after plastic backflip

Degrading plastics emit greenhouse gases: study

Sunscreen chemicals harm fish embryos, study shows

High-precision on-site analysis of precious metals in metallurgical waste spills









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.