Why China Likes Solar PowerPosted: September 5, 2016
China building a coal plant a week, in hysterics at the self-loathing, politically correct, groupthink gullibility of the climate obsessed West.
By Paul Homewood
If anybody wonders why China is so keen to get the world to sign up to the Paris Agreement, just take a look at the above chart!
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Chinese solar photovoltaic production has soared over the past decade, reaching 21,069 megawatts by 2012. Back in 2002, the country had a mere 10 megawatts of annual solar panel production, illustrating the massive strides made in the industry in recent years.
However, the pace of growth has not proved entirely positive, with many solar panel makers struggling in the face of massive debts. China’s Ministry of Finance recently announced it will offer tax breaks to companies developing solar panels in an attempt to improve the situation.
Taiwan produces the second largest annual volume of solar panels worldwide with 5,025 megawatts in 2012. The United States in quite a large distance behind. After producing 1, 056…
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