China's fight against pollution will generate billions of dollars in solar revenues



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China's efforts to reduce air pollution among the worst in the world also have a positive effect, as they improve the country's potential to generate solar energy by allowing more solar radiation to reach the surface. of the planet in this part of the world.
A team of researchers had calculated that China's photovoltaic potential had decreased by about 15% between 1960 and 2015 due to increasing pollution. As a result, in 2016, China failed to generate annually up to 14 terawatt hours of electricity from solar installations. This is enough to power 1.3 million homes and it also costs local power companies nearly $ 2 billion in lost electricity generation, reported Oil Price.
Now that the government is actively working to reduce it, China could reverse the trend by increasing its solar energy production potential by 12 to 1 percent. This means that the country could increase its solar power production by 74 TWh by 2030. For utilities, this would represent additional profits of $ 6.7 billion over the period.
China is the world leader in renewable energy capacity, especially solar power. Its installed solar capacity at the end of last year rose to 170 gigawatts, or 9% of its total electricity generation capacity.
Yet even China's ambitious solar plans ran into difficulties when it became clear that Beijing was paying too much for subsidies, as it imposed no limit on the amount of new solar capacity installed or the competitiveness of its costs per capita. compared to alternative energy systems.
As a result, last year, China shocked the global solar industry by announcing that it would not approve any new solar installations by the end of 2018 and that it would also reduce the tariff subsidy. redemption, which is one of the main drivers of the solar sector. business in the country.

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