30 Aug '11, 11pm

Coal shortages are speeding up China’s move toward clean energy, says @cleantechnica

Coal shortages are speeding up China’s move toward clean energy, says @cleantechnica

The Chinese government continues to expand its clean energy production plans, to replace increasingly expensive coal power that is shutting down coal plants and causing power shortages of at least 16 GW . China’s twelth five-year plan unveiled this week plans for 70 GW for wind, and 5 GW of solar by 2015. Unlike Europe, which is using Feed-in Tariffs to incentivize the addition of more green power to the nation’s grid, China is using competitive bidding to drive down the costs of the new renewable energy generation. This might be a mistake: FITs are a safer bet in the long run for newer more untried energy sources, as generators are paid only for actual production. China’s first CSP tender generated an average solar power price of CNY0.96 (US$15) per kWh. The price being offered for CSP solar is about double the price of its conventional coal power. Wind is also more expen...

Full article: http://cleantechnica.com/2011/08/30/coal-shortages-speed-...

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