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China’s Shandong to Build Massive Solar Farms Out to Sea

From bnnbloomberg.ca

A single region in China plans to build enough solar farms off its eastern seaboard to power New Zealand. Shandong province, the industrial hub south of Beijing, issued a tender on Thursday for the construction of 10 offshore solar plants in the seas surrounding China’s largest peninsula by 2025. The capacity planned is 11.25 gigawatts, more than peak consumption in New Zealand. The feat of engineering at sea is just another example of China maximizing its geographical resources to effect a green energy transition and power its population centers on the coast. It’s also planning 455 gigawatts of wind and solar in a ... (full story)

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  • Category: Fundamental Analysis