Solar Power Becomes More Powerful
There has been concern that halting the growth of solar power would cause a lack of funding. In China, that is not a problem. The government financially supports the industry. As solar becomes an alternative to fossil fuels, its growth has quickened.
*More Solar Power Data
*Comparing Coal In US And China
According to Semafor, “Electricity prices have gone negative in parts of China as renewable energy overwhelms the grid.” The news site also states that China may be building more solar and wind capacity than the rest of the world combined.
The US solar business is also growing but remains eclipsed by China’s progress. According to the EIA, “In August 2024, utility-scale generation of solar electricity averaged 63.1-gigawatt hours between 10:00 a.m. and 6:00 p.m. each day in the Lower 48 states, 36% more than for the same hours in August 2023,” one of its recent studies pointed out.
Electricity US
However, in the US, utility-based solar only generated 4% of the total electricity generated in 2023
In addition, coal is still king in China. It accounts for 60% of the electricity generated in the country. Last year, China was the leading greenhouse gas emitter, with 26% of the global total, more than twice that of the US.
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