Reuters noted China will launch a series of subsidy free wind and solar projects this year to take advantage of a rapid fall in construction costs since 2012. Las year, the government suspended all new subsidized solar capacity approvals after a record 53 gigawatt capacity increase in 2017.
The new subsidy free projects will generate renewable power for sale at the same prices as non-subsidized coal fired power plants, the National Development and Reform Commission announced.
Since 2017, solar construction costs have fallen 45% in China and wind projects are down 20%.
This was good news for both the sector and the world.
Linking to dividend paying stocks, all companies have to deal with changing climate and increasing solar and wind and decreasing coal is better for the environment. 3 Utilities in the Midwest are trying to eliminate coal in the coming years. With prices declining more can be done, which is good thing.
There are more questions than answers, till the next time – to raising questions.