Claims that net-zero goal and 2.5TW of PV are ‘technically and economically feasible’ by mid-century come as reports suggest Beijing could axe large-scale PV subsidies next year.
State subsidies, development and private capital will bankroll 11 solar plants, 10 wind plants and 80-metre-wide grid in radiation-damaged prefecture, according to local reports.
Colossal scheme planned for the Saemangeum Seawall dyke on the southwest coast was approved in July and will help South Korea meet its 20%-by-2030 green energy target.
Former university spin-off shares ambitions for 300,000 unit sales next year and dedicated American and European subsidiaries as it gives PV Tech a tour of its Hangzhou production line.
Recognition at event in Penang finds module maker in midst of geographic repositioning, with plans to earmark four-fifths of its 2019 shipments to markets beyond China.
Carbon Tracker analysis urges Asian state to ditch coal investments after finding solar will fully outcompete fossil fuel by 2025, followed by wind power in 2027.
Fitch Solutions: Utility-scale growth favoured by competitive bidding will see provinces including Gansu and Xinjiang regain top role they lost to coastal areas in 2016-2018 period.
C&I systems can already hit grid parity without need for government money across all major urban centres but profitability is mixed on a region-by-region basis, researchers say.
