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Wan LixinOpinion deputy editor of Shanghai Daily
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China set for new power generation
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RENEWABLE energy sources will account for almost 100 percent of China’s electricity needs by 2050, an industry insider said yesterday at the 2016 International Photovoltaic Power Generation Conference & Exhibition in Shanghai.
“The cost of solar energy is expected to drop by more than 50 percent in the future, thanks to new technologies like micro-grids, smart electricity optimization and efficient storage,” said Andreas Liebheit, who heads the photovoltaics (PV) global business unit of German tech company Heraeus.
Heraeus also yesterday opened a new technical center in Shanghai, as it seeks to expand its presence in the sector. Last year, it derived 30 percent of its revenue from China.
Among the other companies at the event was Nextracker Inc, which develops single-axis solar trackers and PV systems, and is seeking new opportunities in China.
The company claims its technologies improve the efficiency of solar energy generation, and can reduce operational and maintenance costs.
New technologies like wider tracking ranges — of 120 degrees rather than 90 degrees — can cut costs by two-thirds over 20 years, Mike Mehawich, the company’s chief marketing officer, told Shanghai Daily.
The conference and exhibition end tomorrow.
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