The Treasury secretary, who plans to make her second trip to China soon, will argue that the country’s excess industrial production warps supply chains.
Solar. We expect a record addition of utility-scale solar in 2024 if the scheduled 36.4 GW are added to the grid. This growth would almost double last year’s 18.4 GW increase, which was itself a record for annual utility-scale solar installation in the United States. As the effects of supply chain challenges and trade restrictions ease, solar continues to outpace capacity additions from other generating resources.
Wind. Operators report another 8.2 GW of wind capacity is scheduled to come on line in 2024. Following the record additions of more than 14.0 GW in both 2020 and 2021, wind capacity additions have slowed in the last two years.
I think it makes the point that we’re getting record renewables without lots of leases actually being signed, which is what matters here.
I’m expecting to start seeing declines in aggregate worldwide fossil fuel use around 2026 or 2027 as the rate of renewable deployment accelerates.
I didn’t see that on my first read, went back and searched “record” and didn’t see it either.
Can you quote the part of your link that says that?
It’s elsewhere:
Well, that’s just about solar installation, and is predicting installarion not reporting on it…
And clearly not about actual production.
But thanks for the link, I hope I helped you understand it