How Sen. Manchin just Positioned Chinese Firms to dominate the Green Energy Markets of the 21st Century, Leaving the US in the Dust — Juan Cole

By 2025, unsubsidized solar power with battery storage everywhere in China will be cheaper than coal. Indeed, solar plus battery is already cheaper than coal in 3/4s of the country. Especially given drops in the cost of battery storage, the paper concludes that China can get 43% of its total power from solar at less than 2.5 cents a kilowatt hour by 2060, making the Communist Party’s current plans for decarbonization by then plausible. Coal is usually figured at 5 cents a kilowatt hour, and solar plus battery is already less than that.

Numbers.

Informed Comment
How Sen. Manchin just Positioned Chinese Firms to dominate the Green Energy Markets of the 21st Century, Leaving the US in the Dust
Juan Cole

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