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China just upped solar goal to 100GW by 2020 - now raising it to 150GW ?!!!?!!!?
China May Lift 2020 Solar Target To 150 GW
September 29th, 2015 by Giles Parkinson
Originally published on RenewEconomy
Deutsche Bank analysts say local media reports in China suggest that the country’s 2020 solar power target could be lifted to 150 GW from the current target of 100 GW – meaning more than 20 GW of solar would need to be added in each year from 2016 to 2020.
The reports come as China president Xi Jinping pledged during a visit to the US and meetings with President Barack Obama to introduce a nation-wide emissions trading scheme in 2017, and give priority to renewable energy installations.
As the Rocky Mountain Institute noted on Monday, China has historically had dispatch quotas on fossil generation, often leading to curtailment of renewables and the running of inefficient coal plants. In the first half of 2015 this has led to curtailment of 15 percent of wind and 10 percent of solar generation.
China now proposes a competitive power dispatch that prioritises the emissions-free, near-zero marginal dispatch cost of renewables. RMI says this should result in an immediate reduction of 200 million metric tons of carbon emissions per year, but more importantly, supports the economic expansion of renewables.
China is not the only one considering a big boost to its targets for solar and other renewable energy sources. India is reportedly going to announce this week that it will aim for a 40 per cent renewable energy target by 2030, which would require some 250GW of solar and some 100GW of wind energy...
http://cleantechnica.com/2015/09/29/china-may-lift-2020-solar-target-to-150gw/September 29th, 2015 by Giles Parkinson
Originally published on RenewEconomy
Deutsche Bank analysts say local media reports in China suggest that the country’s 2020 solar power target could be lifted to 150 GW from the current target of 100 GW – meaning more than 20 GW of solar would need to be added in each year from 2016 to 2020.
The reports come as China president Xi Jinping pledged during a visit to the US and meetings with President Barack Obama to introduce a nation-wide emissions trading scheme in 2017, and give priority to renewable energy installations.
As the Rocky Mountain Institute noted on Monday, China has historically had dispatch quotas on fossil generation, often leading to curtailment of renewables and the running of inefficient coal plants. In the first half of 2015 this has led to curtailment of 15 percent of wind and 10 percent of solar generation.
China now proposes a competitive power dispatch that prioritises the emissions-free, near-zero marginal dispatch cost of renewables. RMI says this should result in an immediate reduction of 200 million metric tons of carbon emissions per year, but more importantly, supports the economic expansion of renewables.
China is not the only one considering a big boost to its targets for solar and other renewable energy sources. India is reportedly going to announce this week that it will aim for a 40 per cent renewable energy target by 2030, which would require some 250GW of solar and some 100GW of wind energy...
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