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Solar Power Is Now As Inexpensive As Grid Electricity In China Charles Q. Choi

Summary:
Researchers found that PV systems could produce electricity at a lower price than the grid in 344 cities. Good news for air quality and climate. China has been relying on coal-fired plants (72% in 2016). Two anecdotes. I have a friend that teaches for six-weeks in Beijing on occasion. I once said to him that it must be a great experience. He answered that it was terrible, the pollution was so bad. I have another acquaintance that is Chinese, now living in the US. He's been here about 20 years. I asked him if he thought ever of returning to China. He shook his head and pointed upward. I asked him what he meant, and he said, "blue sky."  China is not alone in this in the developing world. Electrification is a big deal, and cost is a major consideration. IEEE SpecturmSolar Power Is

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Researchers found that PV systems could produce electricity at a lower price than the grid in 344 cities.
Good news for air quality and climate. China has been relying on coal-fired plants (72% in 2016).

Two anecdotes. I have a friend that teaches for six-weeks in Beijing on occasion. I once said to him that it must be a great experience. He answered that it was terrible, the pollution was so bad. I have another acquaintance that is Chinese, now living in the US. He's been here about 20 years. I asked him if he thought ever of returning to China. He shook his head and pointed upward. I asked him what he meant, and he said, "blue sky." 

China is not alone in this in the developing world. Electrification is a big deal, and cost is a major consideration.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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