China is now the biggest producer of solar energy despite low energy output ratio

IN BRIEF: On Saturday, the National Energy Administration (NEA) noted that China has more than doubled its solar production in 2016 – making it the biggest producer of solar energy in terms of capacity. Transitioning to renewable energy will require continued focus and effort, given that the total renewable energy output is only one percent of the country’s total energy output.

Even though China is now the biggest producer of solar energy, it doesn’t compare well to less populated nations in terms of energy-output ratio.

Biggest producer of solar energy

Low Energy Output Ratio

By the end of 2016, China hit 77.42 gigawatts, which generated 66.2 billion kilowatt-hours of renewable power. While the raw numbers may look a lot impressive, it’s relatively trivial if you consider the country’s massive population. China’s total renewable energy output only accounts for 1% of the total generated power.

Taking into account its gargantuan population, China’s renewable energy efforts pale in comparison to developed economies like the United States. China has almost 17 times as many citizens as Germany and produces less solar power per citizen than the European nation.

Germany produces around 500 watts per citizen, while China produces about 65. Other developed nations, including Japan, Belgium, Italy, and the United States remain far ahead of China in per-capita solar production.

Its capital city, Beijing is hoping to effectively cut its reliance on coal and switch to natural gas. Last week, the city’s major Cai Qi promised to make extra abatement measures to reduce its coal consumption by another 30 percent.

Air quality in Beijing is off the charts, exceeding maximum 500 mark on the index. More than a dozen cities in the neighboring Hebei and Shadong provinces remain smog-shrouded. Cities in the past have closed schools and halted construction work as the air quality passed a threshold set by the World Health Organization (WHO) for human safety.

Triple Solar Power Capacity in Five Years

In a conference in Beijing last year, Nur Bekri, head of the National Energy Administration, said China aims to more than trip the solar power capacity by 2020. The country plans to add a total of 110 gigawatts of capacity from green sources in the next five years. According to a Reuters report, China will be investing 2.5 trillion yuan ($364 billion) into renewable power generation by 2020.

The dedication to renewable energy sources could put pressure on other nations to do the same. India announced yesterday that their PV (solar photovoltaic) capacity had reached 9 gigawatts, outpacing Japan. Saudi Arabia, in response to the plummeting oil prices, is investing close to $50 billion in solar and wind power. In January, Ireland passed a bill that would make it the first country to completely divest from fossil fuels. Meanwhile, other countries are finding creative ways of harnessing green energy for power. Iceland, for example, is digging a hole into a giant volcano to bore the world’s deepest geothermal hole.

Avatar
Anna Domanska
Anna Domanska is an Industry Leaders Magazine author possessing wide-range of knowledge for Business News. She is an avid reader and writer of Business and CEO Magazines and a rigorous follower of Business Leaders.

Recent Posts

Hyundai commits $7.4 billion in US investment by 2025

Hyundai commits $7.4 billion in US investment by 2025

South Korea’s Hyundai Motor Co., announced on Thursday it will soon start manufacturing electric vehicles in the United States. The automaker plans to produce EVs, upgrade produc
3 hours ago
US inflation report of 4.2 percent raises concerns

US inflation report of 4.2 percent raises concerns

The US reported the highest inflation recorded in the last dozen years at 4.2 percent in April, riding on government stimulus packages, improved energy prices, better spending and
6 hours ago
Aon – Willis asset disposal aims to ease approval of $30 billion merger

Aon – Willis asset disposal aims to ease approval of $30 billion merger

Aon Plc and Willis Towers Watson have agreed to sell $3.6 billion worth of assets to rival Arthur J. Gallagher & Co. in a bid to appease European competition regulators over th
1 day ago
Roblox declares Q1, reports $387 million revenue as bookings increase

Roblox declares Q1, reports $387 million revenue as bookings increase

Roblox, the hugely popular online gaming platform, reported its first-quarter earnings after becoming a listed company. Its revenue more than doubled as the videogame company benef
2 days ago
Weak US job report results in volatile market

Weak US job report results in volatile market

A weak job report resulted in a record close on Friday for the US stocks. The US labor department’s monthly non-farm payrolls report revealed employers hired 266,000 new workers
3 days ago
Star and Blackstone launch bids to buyout Australia’s Crown Resorts

Star and Blackstone launch bids to buyout Australia’s Crown Resorts

A bidding war has broken out between Australian casino company Star Entertainment Group and US private equity investor Blackstone Group over Crown Resorts, Australia’s bigges
3 days ago