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Solar power is now less expensive than grid power in China

The short version:

  •  A report published in Nature Energy is stating solar energy is less expensive than grid energy in every Chinese city.
  •  Initial reports suggested that China would have to wait decades before solar would cross that threshold, but advancements in tech, government support, and decreasing costs have drastically changed that timeline.
  •  The country is working on removing subsidies so the solar industry becomes less dependent on government programs.
  •  China is the largest producer and the largest installer of solar in the world.

It is great to see this happening around the world. With China producing so many panels, the cost will continue to decrease. That benefits all of us. Not to mention the reduction of pollution. It’s exciting to envision a China with clean air and dormant coal power plants. 

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Posted by Jobindi

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