China’s economy has seen growth that has been the envy of western countries for decades. But this rapid rate of economic expansion has come at a huge cost to their environment and citizen’s health. China is world’s largest source of carbon emissions, is responsible for a third of the planet’s greenhouse gas output and has sixteen of the world’s twenty most polluted cities. Life expectancy in the north of China has decreased by 5.5 years due to air pollution. The burning of coal is the main culprit in the production of this air pollution as coal provides roughly 70% or the country’s power needs. Realizing the need for change, Chinese authorities are now focused on building utility-scale renewable energy generation as fast as possible. The latest solar PV power plant was completed by Yingli Solar and was connected to the Chinese electrical grid yesterday.
The plant is expected to produce approximately 54 million kilowatt-hours of solar electricity each year, offsetting about 50,000 tons of carbon emissions annually. The project is also expected to generate annual revenue of RMB 54 million ($8.7 million USD) from national feed-in-tariffs for the next 20 years.
“With this 50 MW project, Yingli has now successfully connected approximately 180 MW of projects to the utility grid. We plan to accelerate our downstream activities moving forward to both expand and diversify our revenue sources,” commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.
Tracey is an accountant and entrepreneur with a passion for nature. This passion is what spurred her interest in renewable energy, and the rest is history as they say. Tracey is a principal in Energy Think Group, the publisher of Solar Thermal Magazine and Tek-Think. She is also the principal at Women's Financial Help Desk. She spends her free time in the outdoors with her horses and dogs. She loves to travel.