As solar and wind power enter the post-subsidy era, the next few years will be critical for China’s energy transition with investors learning to navigate the uncertainties of market reforms. With the 14th five-year plan – touted as a watershed in China’s energy system development – in the works, a report has recommended clear targets for 2021-2025 in terms of solar and wind power deployment and a reduction of coal consumption.
Britain’s renewable energy trade body has published a report examining the state of flexibility market readiness in nine European markets. The result makes for sobering reading for Germany, France and the U.K.
The German Energy Agency has drawn up a list of proposed measures which it says could help the world’s biggest solar market accelerate its clean energy plans through the adoption of subsidy-free – private – power purchase agreements.
German energy agency Dena has found China’s smelter fleet could shift 432.5 GWh of daily demand to more amenable hours to tally with renewables generation. To make it happen though, the regulator needs to lay down rules for providing incentives.
A new era in the Chinese energy transition is on the menu and renewables are the order of the day, according to the latest China Renewable Energy Outlook (CREO). China will not require a gas bridge between coal and renewables, it finds, adding that renewables will become the core of the nation’s energy system by 2050, with annual PV installs of between 80-160 GW possible. Not only that, but electricity supply could be cheaper in this future than it is today.
In light of the massive Renewable Energy Development Fund deficit, China is looking for new ways to support the further deployment of renewables. German Energy Agency, Dena has prepared a new report, detailing how the country can move away from FITs to a more sustainable financing framework. Overall, it points to the increasing importance of auctions; and discusses how the right policy design can improve the cost competitiveness of renewable energies.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.