China will not approve wind and solar power projects unless they can compete with coal power prices. China stopped subsidizing large scale solar projects in May, 2018. This was reported by John Parnell at Forbes.
China’s leaders did not like Chinese companies building overseas solar projects overseas at prices far below what they were charging within China.
In 2017, 12% of wind generation and 6% of solar wasted because the power grid could not use the generated power
New solar and wind renewable power projects will have to show that the grid can handle their output and that the price will be lower than coal. Local governments have been told they are free to offer their own subsidies to projects if they wish.
China had provided subsidies of $15.6 billion in 2017 and was on track to subsidize renewables for $39 billion in 2020. However, the new requirements mean that solar and wind will have installations without non-local subsidies in China.
Solar and wind installations are still expected but at a slower rate of growth. The overall price of solar panels will likely increase over the next two years because of consolidation in the industry. Smaller companies will be killed or bought by larger companies.
Over half of the solar and wind will be installed in China, India and the USA.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
Sorry, but I read articles to get info, not to write articles. I am only pointing out my opinion (and it is easy to search “rockets India” for example to verify my comment). I point out (if you have read my other comments on errors and provide corrections when I have them) the overall unreliability of the website to others. It will be removed from my own google news searches here after.
You are right that Brian himself does not have the background to give detailed explanations on the wide range of topics he reports on.
That job falls to the comment section. Really.
So, merely saying that the articles are wrong doesn’t really cut it. You need to say what is wrong, why, and what the correct answer is. Hopefully with math and/or references.
India as a Chinese pupate?
Valid metaphor, I’ll allow it.
Real breakthrough engineering requires real testing. Model all you can, but is no substitute for flying to validate another set of foundation models. With Starship Super Heavy you have several technical areas (MOX, Hot Body Reentry, 9m scale vertical return …) where you only have theory so far … gotta test to lay down some data points so you can create robust solutions. We are just lucky we have an Elon Musk and SpaceX willing to lay out $Billions of private money to do it (quickly and efficiently).
Why few others? SpaceX has great plans beyond marginal improvements to existing systems and concepts … they must test … and optimize the value of each potential test failure. My guess is that we will see 3-4 failures for SSH before it either succeeds or is set aside as a dream too far. If so fall back to a 5 core Falcon Super Heavy for empty vehicles/space station/lunar bases and fuel/supplies to orbit with F9 Crew Dragon for people. Still an exciting future at $20M per FSH mission.
This article does not answer the question it posed. It missed several rockets (India, Iran, N. Korea, Japan, EU and many US companies, etc.). I have noticed a lack of scientific understanding on this website. More click bait than sci news.
Unbelieveble, this article focused so much on stats that it did not even give a choherent answer to the question. I read between the lines though, everybody else lacks simple common sense, and therefore SPEND TO MUCH DAM MONEY For No Profit……….
You are wrong. India tested many new rockets . ….Chinese pupate
Yep that’s why it’s the government building the first fully-reusable heavy lift rocket.
Oh wait, it’s not. The government is building a super-conservative disposable design using space shuttle engines.
How about fusion? Governments are spending $50 billion on a reactor designed in 2000 or so, using old-style superconductors. Two new companies use new superconductors to get the same output at 10X lower cost, and other companies are using entirely different plasma configurations that might or might not work. One of them has over $700 million invested.
Public companies are a little more conservative but private equity can and does take large risks.
Because the modern world creates people (government/private) who are risk averse. Investors fear risk so only those who fear it also and avoid it get into any power.
Private capital does not pay first mover costs, nothing can be permitted to exist unless the profit pathway is predictable.
The dream of seeing a space faring humanity is dead almost everywhere but in SpaceX and China.
The rest only see space launches in utilitarian terms: we want to put something useful there where we need it. Satellites are very useful indeed. And we have slow, expensive options to launch them, that exist and work.
No need to do anything else. Even less create a new one, at an even bigger price and delays.
And we could have continued like that practically forever (manned space travel is no necessity of life at all), until arriving to the century after the Moon landings and beyond.
But China wants a presence there. And SpaceX is owned by a space nut that wants humans in space. And they, practically by themselves are dragging humanity, kicking and screaming into the future.
Other designs are less ambitious and are more
incremental in nature. All up testing is rarer usually you test each component and then assemble for a final launch test with a dummy payload.