Last year was again a good year in terms of PV expansion in China with now 175 GW. However, also total electricity consumption grew pronouncedly by 540 TWh offsetting gains in the renewable part of the generation mix, while generation from thermal fossil-fueled power plants increased as well. LNG to play a central role to cover China`s gas consumption in the future.
The world’s largest electricity producer reforms its power sector. The development of a provincial spot market is increasingly important to allow for efficient power plant dispatch in China. Zhejiang province aims to introduce a spot market by early 2019.
On behalf of Agora Energiewende and the China National Renewable Energy Centre (CNREC), Energy Brainpool investigated the Chinese power supply. It became clear that the power system is in a significant transition. The increasing regenerative supply is followed by stagnating CO2 emissions since 2013.
The technology giant and the Beijing-based Energy-Blockchain Labs want to use the new platform for allowing its users to manage their carbon assets. With the help of blockchain technology they want to improve efficiency in China’s national carbon market, which will be opened during 2017.
The expansion of renewable energy power stations happens at a faster rate than the electricity network is being built up. The curtailment of wind energy is therefore often the rule instead of the exception.