I agree that Bloomberg articles are all over the place. However, solar panels don't operate at its actual capacity. You need 3-4 times solar panels installation to match nuclear and coal installation capacity as nuclear power produces maximum power more than 90% of time during a given year but solar panels are at 20% range. In addition, you need storage and transmission grid that are readily available to make solar panels produces energy at optimal utilization.
Climate Change and Renewable Energy News and Discussion
- Thread starter FairAndUnbiased
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Why is utilization so low? How is it defined exactly? It seems to imply 60% of all generated power is simply wasted. How does the picture look for energy storage into the 2030s (especially as sodium ion batteries enter) and can it improve the utilization rate in your projection?
dude, I posted the utilization on my message. Did you even read it?
here is my summary from Jan to April in China
Solar can probably get to 15% and that's it. (I don't expect days to get sunnier than that)
Wind can probably get to 35% as more offshore wind gets in the mix (offshore is 40 to 50% in utilization depending on where it's located)
Thermal is only about 50% in China right now due to cost. Guess what, when coal or natural gas is expensive, it cost more to run thermal than solar/wind energy.
A little update on my comment about Longi capacity here from 2022 to 2023
Solar wafer 133GW->190GW
Solar cell 50GW->110GW
Solar Panel 95GW->130GW
It generated 60% more revenue in 2022 vs 2021. Now if solar prices continue to fall, it will obviously not maintain that level of revenue growth, but 50% capacity increase YoY for Longi has been quite normal
I am only saying that 5300 GW of solar installation isn't enough to meet China's energy need as solar utilization rate is much lower than other energy sources.
The first CFR-600 sodium cooled fast reactor is expected to begin operations this year. The second one two years afterwards.
As you can see the first reactor building is already complete.
On the same day BYD unveils its new Rubik's cube ESS, CATL also unveils its own ESS solution as SNEC 2023
a major solar conference. will have more details. That's why so many solar related articles are out recently
a major solar conference. will have more details. That's why so many solar related articles are out recently
Longi Solar tech is really special and they are the most vertically integrated solar company and the one with the best margins and capacity level