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Old 06-14-2017, 02:55 AM   #6 (permalink)
Legacy
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China's dominance in renewable energy

As the U.S. under Trump withdraws from the Climate Change Accord and support of solar power, the Chinese have made huge investments in alternative energy with an eye to being the world's supplier of alternative energies.

China cementing global dominance of renewable energy and technology as well as investing in overseas energy production. (Guardian)

Quote:
It now owns five of the world’s six largest solar-module manufacturing firms and the largest wind-turbine manufacturer

China is cementing its global dominance of renewable energy and supporting technologies, aggressively investing in them both at home and around the globe, leaving countries including the US, UK and Australia at risk of missing the growing market.

A report by the Institute for Energy Economics and Financial Analysis (Ieefa) found China’s dominance in renewables is rapidly spreading overseas, with the country accelerating its foreign investment in renewable energy and supporting technologies.

Analysing Chinese foreign investments over US$1bn, Ieefa found 13 in 2016, worth a combined $32bn. That represented a 60% jump over similar investments in 2015.

China to generate a quarter of electricity from wind power by 2030

China was already widely recognised as the largest investor in domestic renewable energy, investing $102bn in 2015, according to Bloomberg New Energy Finance – more than twice that invested domestically by the US and about five times that of the UK.

The big foreign investments in 2016 included two in Australia, two in Germany and two in Brazil, as well as deals in Chile, Indonesia, Egypt, Pakistan and Vietnam.

- In Australia, China Light & Power struck a $1.1bn deal, buying power from wind and solar farms.
- In Chile, Tianqi Lithium spent $2.5bn acquiring a 25% stake of a lithium miner and processor. (Lithium is essential for lithium batteries used in electric vehicles and home battery storage.)
- In Germany, Beijing Enterprises Holdings Ltd spend $1.6bn on a Waste to Energy development.

The report noted the global expansion cements China’s total domination of renewable energy growth globally. China now owned:

Five of the world’s six largest solar-module manufacturing firms
The largest wind-turbine manufacturer
The world’s largest lithium ion manufacturer
The world’s largest electricity utility
The Chinese would invest in established foreign electrical grids in the trans-Pacific sphere as well as building developing countries's grids.
Australia blocks Chinese firm from stake in electricity grid (BBC)

China builds world's biggest solar farm in journey to become green superpower (Guardian)

Quote:
“The development of clean energy is very important if we are to keep the promises made in the Paris agreement,” Xie Xiaoping, the chairman of Huanghe Hydropower Development, the state-run company behind the park, said during an interview at its headquarters in Xining, the provincial capital.
China sees this as a huge investment that will bear fruit in the global market and seeks to expand their market share as well as resolving their air pollution. Jobs, Jobs, Jobs.

Quote:
Hove said Beijing saw a “huge investment opportunity” in exporting low-carbon technology such as high speed rail, solar power or electric vehicles to developing nations in Africa, south Asia and Latin America. “This is a 20-30 year mission to develop [clean] markets,” he said.
Quote:
Xie, the Huanghe chairman, said his company was now making its first steps into Africa with solar and hydro projects under development in Ethiopia.

“We are actively going global,” he said, warning that the developing world could not copy the west’s dirty development model without bringing about “the destruction of the world”.

Geall said one indication of whether China was prepared to become the world’s premier climate leader would be if it was seen helping to finance more low-carbon projects beyond its own borders – such as a huge Chinese-built solar park in Pakistan.

“You’d hope to start seeing more of those sorts of projects around the world being financed … rather than [China being] just a source of cheap finance for dirty energy projects.”
Quote:
Xie, who hosted the Chinese president, scoffed at Trump’s suggestion that climate change was a Chinese hoax and said such claims would do nothing to dampen his country’s enthusiasm for a low-carbon future.

“Even if President Trump doesn’t care about the climate, that’s America’s point of view,” he said. “The Chinese government will carry out and fulfil its international commitments as they always have done in the past, and as they are doing now in order to try to tackle climate change.

Xie concluded: “I don’t care what Mr Trump says – I don’t understand it and I don’t care about it. I think what he says is nonsense.”
Scientists, what do they know!

Why China Is Dominating the Solar Industry
(Scientific American)

Quote:
China’s new dominance of nearly all aspects of solar use and manufacturing—markets that are predicted to expand by 13 percent a year, according to the report—came through a “unique, complex and interdependent set of circumstances” that is not likely to be repeated.

But if the United States innovates, cuts costs and nurtures newer technologies, it might emerge as the world’s second largest solar panel manufacturer by 2020, the report concludes.
Quote:
China tried to reduce the subsidy this year by setting a deadline for ending it, but that spurred another surge in domestic buying. “China put in 20 gigawatts in the first half of this year. The entire U.S. capacity is around 31 GW. The Chinese market appears enormous,” said Ronen.
Quote:
Moreover, China’s plan for the global growth of the solar market is still a work in progress. In October, Liu Zhenya, former chairman of China’s state-owned power company, State Grid Corp., came to the United Nations to shed more light on his nation’s evolving solar ambitions, which he said are part of a plan aimed at organizing a global power grid that could transmit 80 percent renewable energy by 2050.

He calls his idea the Global Energy Interconnection. His speech invited U.N. support for a new international group to plan and build the grid. It’s called the Global Energy Interconnection Development and Cooperation Organization (GEIDCO), and China has named Liu its chairman. He ticked off the reasons for a global grid that would transmit solar, wind and hydroelectric-generated power from places on Earth where they are abundant to major population centers, where they are often not.
He gave three reasons for his new mission. Expanding energy demands will exhaust coal, oil and natural gas supplies over the next 110 years. Environmental pollution from fossil fuels will exacerbate serious pollution and health problems. And world leaders need a mechanism to cut the world’s greenhouse gas emissions by half to prevent a potential 4-degree-Celsius rise in the Earth’s average temperature, a possibility that Liu called “seriously threatening human survival.”

His grid’s development would take shape in three phases. First, Liu explained, individual nations would redesign their own power electric grids. He noted that China’s effort is already underway, generating 140 GW of wind power and 70 GW of solar power, “more than that of any country of the world.” By completing a network of long-distance, high-voltage direct-current power lines to move renewable power from the north to the south and from the east to the west, China could finish its new grid by 2025, he predicted.

The second phase, Liu described, would be an international effort to build regional grids that would be able to transmit substantially more power across national borders in Northeast and Southeast Asia, between Africa and Eurasia, and between nations in both North and South America. The third phase would build power lines and undersea cables that would connect the regional grids. The upshot would create what he called a “win-win situation” by generating clean electricity in places like Africa and Central America that are among the richest when it comes to sunshine, and selling the clean energy to major cities that have the biggest need for it.

The process would also bring more energy and energy-generating income to poorer nations, to help them develop. “In the Americas, we will speed up the development of Canada’s hydropower and clean energy in southwestern and central U.S. and northern Mexico to be delivered to load [demand] centers in [the] East and West coasts of North America,” he said.

There would be plenty of work for “all global players” to coordinate the effort, to share and innovate new technology, and to develop global standards and rules for cooperation, Liu promised. He closed his U.N. presentation with a glimpse of a future world where a combination of renewable energy, a network of high-voltage direct-current transmission lines and “smart grid” operating systems can serve the planet the way the human “blood-vascular system” serves the human body.
Quote:
Just how much harmony China’s GEIDCO proposal might generate remains to be seen, but a U.N. press release noted that the meeting was attended by representatives of 70 organizations, including government organizations, businesses and universities. The U.S. delegation included people from DOE’s Argonne National Laboratory and Stanford University. During his visit to the United States, Liu also met separately with representatives of the Electric Power Research Institute, which serves American utilities.
Coal production fell by the most on record last year as power producers switched to natural gas as well as wind and solar power.

(fromBP Plc's Statistical Review of World Energy for 66 years.)

Last edited by Legacy; 06-14-2017 at 03:37 AM..
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