Data points

Data points

August 08, 2019 | By Keith Martin in Washington, DC

Data points. Moody’s said in early July that it expects coal to account for as little as 11% of US power generation by 2030. “The electricity mix in the first quarter 2019 was 26% coal, 34% natural gas, 18% renewable energy and 20% nuclear . . . . Chinese demand for solar panels is expected to add to upward pressure on panel prices this year. Prices have already been pushed up by US demand for equipment to stockpile ahead of a construction-start deadline at year end to qualify for investment tax credits. The Chinese National Energy Administration announced on July 11 that it will subsidize 22,800 megawatts of new solar capacity additions in 2019. This is expected to lead to 40,000 to 45,000 in new capacity additions in China overall in 2019, with 30,000 megawatts of new construction compressed into the second half of the year. Chinese solar capacity additions were 53,000 in 2017, but they fell in 2018 after the central government announced at mid-year that it was scaling back support for new utility-scale solar projects and placing a low cap on distributed solar deployments.