The amount of wind and solar power under construction in China is now nearly twice as much as the rest of the world combined, a report has found.
The findings underscore China’s leading position in global renewable energy production at a time when the US is increasingly worried about Chinese overcapacity and dumping, particularly in the solar industry.
China is on track to reach 1,200GW of installed wind and solar capacity by the end of 2024, six years ahead of the government’s target.
“The unabated wave of construction guarantees that China will continue leading in wind and solar installation in the near future, far ahead of the rest of the world,” the report said.
Analysts say that better storage and grid flexibility is necessary to efficiently use the increasing volume of clean energy being generated on China’s wind and solar farms.
The Chinese government is aware of this challenge, naming lithium-ion batteries as one of the “new three” technologies important for creating high-quality growth, along with electric vehicles and solar panels.
The original article contains 787 words, the summary contains 171 words. Saved 78%. I’m a bot and I’m open source!
This is the best summary I could come up with:
The amount of wind and solar power under construction in China is now nearly twice as much as the rest of the world combined, a report has found.
The findings underscore China’s leading position in global renewable energy production at a time when the US is increasingly worried about Chinese overcapacity and dumping, particularly in the solar industry.
China is on track to reach 1,200GW of installed wind and solar capacity by the end of 2024, six years ahead of the government’s target.
“The unabated wave of construction guarantees that China will continue leading in wind and solar installation in the near future, far ahead of the rest of the world,” the report said.
Analysts say that better storage and grid flexibility is necessary to efficiently use the increasing volume of clean energy being generated on China’s wind and solar farms.
The Chinese government is aware of this challenge, naming lithium-ion batteries as one of the “new three” technologies important for creating high-quality growth, along with electric vehicles and solar panels.
The original article contains 787 words, the summary contains 171 words. Saved 78%. I’m a bot and I’m open source!