{"id":136102,"date":"2010-01-04T14:02:05","date_gmt":"2010-01-04T19:02:05","guid":{"rendered":"http:\/\/greenenergyreporter.com\/?p=5326"},"modified":"2010-01-04T14:02:05","modified_gmt":"2010-01-04T19:02:05","slug":"the-renewable-energy-giant-solar-poised-for-growth-in-china","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/136102","title":{"rendered":"The Renewable Energy Giant: Solar Poised for Growth in China"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/funding.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Funding\" \/><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/hydro.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Hydro\" \/><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/solar.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Solar\" \/><\/p>\n<p>A report released this morning by Barclays Capital&#8217;s Vishal Shah says solar development in China could significantly grow over the next decade, bolstered by a newly launched national feed-in-tariff system.<\/p>\n<p>The feed-in-tariffs could jump start more than eight gigawatts of solar projects over the next three years, according to the Barclays report&#8211; see map below for an overview of ongoing projects.<span id=\"more-5326\"><\/span><\/p>\n<p>Shah writes:<\/p>\n<blockquote>\n<p>China, in our view is where wind was in 2002-2003. Although we do not expect solar capacity to exceed wind anytime soon, we believe the pace of solar development in China could continue to exceed the pace of wind development for a number of reasons: First, the introduction of a national feed-in-tariff for solar could trigger development of more than 8GW of announced solar projects in various provinces over the next 2-3 years. Second, unlike the Chinese wind industry, domestic solar manufacturing capacity has grown very rapidly and could support over 10 GW of annual installations in the next 2-3 years.<\/p>\n<\/blockquote>\n<p>Wind generation is expected to generate 30 gigawatts of electricity by the end of 2010, from 12 gigawatts in 2008. By 2020, wind installed capacity is expected to exceed 120 gigawatts.\u00a0 Hydro, a controversial energy source in China since it also includes the massive and disruptive Three Gorges Dam project, will increase\u00a0to around 300 gigawatts by 2020 from 170 gigawatts currently.<\/p>\n<p>Both the U.S. and China <a href=\"http:\/\/greenenergyreporter.com\/2009\/10\/after-cap-and-trade-next-on-the-clean-energy-agenda-keeping-it-american\/\" >are in a race<\/a> to take the lead as a cleantech power. China believes it can become a tech-power\u00a0by developing green energy technologies.\u00a0 So does the U.S. and as such the Obama administration is working hard to counter China&#8217;s budding dominance.<\/p>\n<p>China&#8217;s renewable generation portfolio could account for approximately 50 percent of new generation capacity installed over the next decade, according to the <a href=\"http:\/\/greenenergyreporter.com\/wp-content\/uploads\/2010\/01\/CleantechInsightsVol5.pdf\">Barclays&#8217; report<\/a>. \u00a0Currently the country is the world\u2019s top producer of green power with over 76 gigawatts of renewable energy capacity installed compared to 40 gigawatts in the U.S.<\/p>\n<p>Renewable energy production in China increased by 51% between 2005 and 2008.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/GreenEnergyReporter\/~4\/KkPZngbHoic\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A report released this morning by Barclays Capital&#8217;s Vishal Shah says solar development in China could significantly grow over the next decade, bolstered by a newly launched national feed-in-tariff system. The feed-in-tariffs could jump start more than eight gigawatts of solar projects over the next three years, according to the Barclays report&#8211; see map below [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-136102","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/136102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=136102"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/136102\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=136102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=136102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=136102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}