China will install about 54 gigawatts of solar-power capacity in 2017 which is about 80% more than most forecasters had predicted at the beginning of 2017.
“The amount of rooftop solar plants and projects aimed at easing poverty were more than expected and developers rushed to build some ground-mounted solar projects before they have been allocated subsidies,” said Yvonne Liu, a BNEF analyst in Beijing.
New estimates for 2018 are 55 GW for China’s solar power installations.
In 2016, China installed 123 GW of electricity production. 34 GW of it was solar.
281 TWh was added in 2016. 28TWh was solar.
The 54 GW of solar installed in 2017 will likely generate 44 TWh.
China would need to reach 340 GW of solar installation for all the new power generation to be replaced by solar.
Solar is cheaper in many cases than traditional power.
The new 55GW estimate for solar installation in China in 2018 is likely an underprediction again. Nextbigfuture will estimate that China will install 80 GW of solar in 2018.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.