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Wind power has also become really cheap in China. Tenders are around 1100-1800 CNY/kW onshore and around 3000 CNY/kW offshore. At the China Windpower 2024 trad

Wind power has also become really cheap in China. Tenders are around 1100-1800 CNY/kW onshore and around 3000 CNY/kW offshore. At the China Windpower 2024 trade fair held in October, 12 manufacturers presented wind turbines larger than 16MW, and 5 manufacturers are pushing into the 25MW range. After wind and PV became cheaper than coal in China, subsidies for onshore wind and PV were largely canceled. Subsidies in the offshore sector serve to build up an export industry. As a result, 2/3 of new PV and wind farms built worldwide are subsidy-free, most of them in China.

space_oddity 2y ago
How rapidly the economics of renewable energy are shifting
- pfdietz 2y ago
  The very high experience rate of renewables is just as important as current low cost. It means anything trying to compete with them is facing a rapidly moving target, and has to aim at where renewables will be, not just where they are.
  - space_oddity 2y ago
    I think renewables also continuously lowering costs as they scale
elric 2y ago
Meanwhile in Belgium, we have to spend (literal) billions on power cable projects so we can connect offshire windfarms to our grid.
- jayd16 2y ago
  I assume this is a typo but I did imagine a Belgian shire.
- boshomi 2y ago
  The problem in Europe with the construction of electricity grids is the lack of competition. An oligopoly of producers supply monopolies on the buyer side. The price-driving monopoly/oligopoly problem also affects the US electricity market.
  - fritzo 2y ago
    monopsony = monopoly on the buyer side
  - tupolef 2y ago
    It depends where, in France we had only one state controled company that gave use the lowest prices in Europe and became an international leader in the domain, until under pressure from activists and Germany we introduced competition and cut EDF in small pieces. I would say that competition is good for energy only if you depend on importation.

space_oddity 2y ago

How rapidly the economics of renewable energy are shifting

pfdietz 2y ago
The very high experience rate of renewables is just as important as current low cost. It means anything trying to compete with them is facing a rapidly moving target, and has to aim at where renewables will be, not just where they are.
- space_oddity 2y ago
  I think renewables also continuously lowering costs as they scale

elric 2y ago

Meanwhile in Belgium, we have to spend (literal) billions on power cable projects so we can connect offshire windfarms to our grid.

jayd16 2y ago
I assume this is a typo but I did imagine a Belgian shire.
boshomi 2y ago
The problem in Europe with the construction of electricity grids is the lack of competition. An oligopoly of producers supply monopolies on the buyer side. The price-driving monopoly/oligopoly problem also affects the US electricity market.
- fritzo 2y ago
  monopsony = monopoly on the buyer side
- tupolef 2y ago
  It depends where, in France we had only one state controled company that gave use the lowest prices in Europe and became an international leader in the domain, until under pressure from activists and Germany we introduced competition and cut EDF in small pieces. I would say that competition is good for energy only if you depend on importation.