China, US Lead Solar Power Growth Globally in 2016
Prei Dy | | Mar 08, 2017 01:29 AM EST |
(Photo : Getty Images) Photovoltaic power panels stand at Abaste's El Bonillo Solar Plant while wind turbines spin at a wind farm on the background on December 2, 2015 in El Bonillo, Albacete province, Spain.
The amount of solar power added worldwide jumped to 50 percent in 2016, thanks to China and US increasing demand.
Recent data reveal that new solar photovoltaic capacity installed last year soared to more than 76 gigawatts, a huge jump from the 51.2GW installed in 2015. Both China and US drove the surge, as they both nearly doubled the amount of solar added in 2015, according to Europe's solar power trade body.
Like Us on Facebook
Solar power growth leaps by 50% worldwide thanks to US and China https://t.co/2fUuFd3AgS still huge even from small base #SolarPowerSummit pic.twitter.com/Fk2Qx81a1D
— Adam Vaughan (@adamvaughan_uk) March 7, 2017
Asia's solar market share, spearheaded by China, also jumped to over 66 percent in 2016. Having the world's largest solar market, China added 34.2GW in 2016, more than 125 percent in 2015.
The US demand for new solar capacity was more than twice as large as that of in Europe. It added 14GW of solar power, up from 7.3GW in 2015.
Japan ranked in third on the list contributing 8.6GW, ahead of India's 4.5GW. Currently, there is already 305GW of solar power capacity, six times more than the 50GW capacity in 2010.
Installations in Europe, on the other hand, slid down to over 21 percent to 6.7GW in 2016, despite falling solar energy prices. The drop also came after the UK government drastically stopped household incentives to fit solar panels and cut subsidies for large scale solar farms.
The solar power industry described the growth as "very significant." It also added that the technology is important for the world to meet its climate change targets.
"In order to meet the Paris [climate agreement] targets, it would be important if solar could continue its rapid growth. The global solar industry is ready to do that, and can even speed up," James Watson, SolarPower Europe's CEO, said.
Tagssolar power, renewable energy, Paris Climate Agreement, Climate Change, Energy, china
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?