Which Country Is Set To Install A Third Of Worlds Solar

Bloomberg New Energy Finance (BNEF) says it forecasts that China solar installations will total 13-14 GW in 2014 - nearly a third of the world total. China is linking to its main transmission grid by installing large utility-scale solar photovoltaic projects. During July to September (Q3 2014), key projects include: * 1.1bn for the 231MW Shizen Energy Setouchi PV project in Japan * 850m for the 530MW Huanghe Hydropower Gonghe Longyangxia PV plant phase two in China * 642m for the 60MW Dublin waste-to-energy project in Ireland Despite the growth in investments, there is concern that it's not sufficient to reduce the impact of climate change. However, there is no room for complacency because clean energy investment of between 200bn and 300bn a year is not large enough to herald the rapid transformation of the power system that experts say is required if the world is to see a peak in CO2 emissions around 2020. - Michael Liebreich, chairman of the advisory board at BNEF Overall, the Q3 2014 numbers show clean energy projects (solar farms, geothermal plants, and wind farms) reached 33.3bn, which was a slight increase from 32.8bn from the same quarter last year. On the downside for clean energy investment, troubles continue in Europe. Only 8.8bn was committed to projects, the lowest figure in the last 8 years, and down almost 4bn from one year ago (12.1bn in 2013).

Origin: energy-saving-technologies.blogspot.com