Coal Shortages Speed Up China’s Clean Power Plans

Reuters reported that shortages of coal supplies in China have caused the country to ramp up clean energy production.

The market news is quoted as saying:

China’s first CSP tender generated an average solar power price of CNY0.96 (US$15) per kWh. The price being offered for CSP solar is about double the price of its conventional coal power. Wind is also more expensive, but now increasingly competitive.

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