Chinese EV sales booming

Originally posted by birdman29 ↑

Source: Xinhua| 2018-04-08

BEIJING, April 8 (Xinhua) -- China's power generation rose 10 percent year-on-year in the first quarter of 2018 to 1.57 trillion kilowatt-hours, the top economic planner said Sunday.
The growth was higher than a 5.9-percent increase for the full year of 2017, according to data from the National Development and Reform Commission (NDRC).
"The power generation and its year-on-year growth both stayed at a relatively high level in recent years," the NDRC said.
Electricity from thermal power plants, which account for more than 70 percent of total power generation, rose 8.7 percent year on year, while that from hydropower plants rose 2.7 percent.
Wind, solar, and nuclear power production surged by 37.9 percent, 58.7 percent, and 12.7 percent, respectively.
In the first two months, China's electricity consumption, a key barometer of economic activity, rose 13.3 percent to 1.06 trillion kilowatt-hours, the fastest growth during the past five years.
The NDRC attributed the strong power use growth mainly to recent improvement in some economic indicators, including faster growth in fixed-asset investment and industrial output during the same period.
Power use figures for March and the first quarter are yet to be released.

http://www.xinhuanet.com/english/2018-04/08/c_137095775.htm

Expand

Hmmm . More cut and paste with no dialogue .

Coal power generation rose 8.7 % .

Wind rose 37.9 % , Solar rose 58.7 % .

Based on those numbers I'd say the future for renewables in China is pretty bright . Onward and upward .

" That announcement comes only two days after the NEA announced that China installed nearly 10 gigawatts (GW) of new solar photovoltaic capacity in the first quarter of 2018 — a 22 percent increase over the same time period last year. "

10gw in one quarter ! That's nearly one fifth of Australia's total generating capacity .

" The country seems to be rising to the occasion: Despite ongoing investments in coal, China is also the world’s largest investor in renewable energy, according to a 2018 report from the U.S.-based Institute for Energy Economics and Financial Analysis (IEEFA). That’s in keeping with trends from past years.
China passed the United States in renewable energy investment in 2009 by a mere $14 billion; in the time since, that gap has increased dramatically. In 2017, more than half of global renewable energy investment (nearly $280 billion) came from China. To put that into context, for every $1 the United States put into renewable energy last year, China spent $3. "

https://reneweconomy.com.au/united-states-looks-coal-china-invests-renewable-energy-33858/