China Commissions Globe’s Largest Solar-Energy F
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Posted On: 06/10/2024 5:06:29 PM
China Commissions Globe’s Largest Solar-Energy Facility
China has commissioned a worldwide, record-setting solar energy plant. The facility has a capacity of 5,000 MW and can generate at least 6,000G Wh annually. This is more than enough to provide the energy needs of entire countries such as Luxembourg.
This giant plant is found in Xinjiang, a region known for its desert climate. The power plant sprawls over a land mass equal to 200,000 hectares and was set up by Power China.
Before this newest solar plant kicked off its operations, the previous largest pair of solar facilities were also found in China. Each of them produces approximately 3 GW. One of those solar parks is Golmud Wutumeiren while the other is Ningxia Tenggeli. This means that China now has the top three operational solar plants globally in terms of production capacity.
Because of its desert conditions, Xinjiang has extensive resources that can be tapped for wind and solar energy. Consequently, it is no wonder that many green-energy generation facilities have been established in this region. The power produced in this area is transmitted to the economically vibrant regions in the east of the country.
This new record set by the latest addition to China’s solar-energy generation plants fortifies the country as a worldwide leader in generating solar energy. According to a report authored by the IEA in 2023, China’s solar-energy growth registered 116% year-over-year growth.
It should be noted that solar energy accounted for 75% of all the green-energy capacity that was brought online, and China stood out by increasing its PV capacity in 2023 to a level that far exceeded what the entire globe commissioned in 2022.
The 2023 report by the IEA also observes a remarkable milestone, noting that 2023 marked 22 years in a row characterized by the setting of new annual records for how much clean-energy capacity has been brought online. Europe, Brazil and the United States also witnessed record-setting growth, although China accelerated at an extraordinary rate.
China has set a goal to become carbon-neutral during or before 2060. Predictions indicate that before 2025 comes round, China could ramp up its clean-energy capacity to five times what it currently is, and that could help the country slash its worldwide Co2 emissions share to 22% from its current 33%.
As more of these large clean-energy projects come online around the world, more entities such as Correlate Energy Corp. (OTCQB: CIPI) will be needed to develop cost-effective systems through which that energy can be distributed to the target users.
NOTE TO INVESTORS: The latest news and updates relating to Correlate Energy Corp. (OTCQB: CIPI) are available in the company’s newsroom at https://ibn.fm/CIPI
Please see full terms of use and disclaimers on the GreenEnergyStocks website applicable to all content provided by GES, wherever published or re-published: https://www.greennrgstocks.com/Disclaimer
China has commissioned a worldwide, record-setting solar energy plant. The facility has a capacity of 5,000 MW and can generate at least 6,000G Wh annually. This is more than enough to provide the energy needs of entire countries such as Luxembourg.
This giant plant is found in Xinjiang, a region known for its desert climate. The power plant sprawls over a land mass equal to 200,000 hectares and was set up by Power China.
Before this newest solar plant kicked off its operations, the previous largest pair of solar facilities were also found in China. Each of them produces approximately 3 GW. One of those solar parks is Golmud Wutumeiren while the other is Ningxia Tenggeli. This means that China now has the top three operational solar plants globally in terms of production capacity.
Because of its desert conditions, Xinjiang has extensive resources that can be tapped for wind and solar energy. Consequently, it is no wonder that many green-energy generation facilities have been established in this region. The power produced in this area is transmitted to the economically vibrant regions in the east of the country.
This new record set by the latest addition to China’s solar-energy generation plants fortifies the country as a worldwide leader in generating solar energy. According to a report authored by the IEA in 2023, China’s solar-energy growth registered 116% year-over-year growth.
It should be noted that solar energy accounted for 75% of all the green-energy capacity that was brought online, and China stood out by increasing its PV capacity in 2023 to a level that far exceeded what the entire globe commissioned in 2022.
The 2023 report by the IEA also observes a remarkable milestone, noting that 2023 marked 22 years in a row characterized by the setting of new annual records for how much clean-energy capacity has been brought online. Europe, Brazil and the United States also witnessed record-setting growth, although China accelerated at an extraordinary rate.
China has set a goal to become carbon-neutral during or before 2060. Predictions indicate that before 2025 comes round, China could ramp up its clean-energy capacity to five times what it currently is, and that could help the country slash its worldwide Co2 emissions share to 22% from its current 33%.
As more of these large clean-energy projects come online around the world, more entities such as Correlate Energy Corp. (OTCQB: CIPI) will be needed to develop cost-effective systems through which that energy can be distributed to the target users.
NOTE TO INVESTORS: The latest news and updates relating to Correlate Energy Corp. (OTCQB: CIPI) are available in the company’s newsroom at https://ibn.fm/CIPI
Please see full terms of use and disclaimers on the GreenEnergyStocks website applicable to all content provided by GES, wherever published or re-published: https://www.greennrgstocks.com/Disclaimer
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