China makes solar affordable worldwide

Energy shift: An aerial view shows residential buildings with roof-mounted PV panels in Yinchuan, in northwestern China’s Ningxia region. Chinese enterprises are promoting global development of the PV industry. — AFP

BEIJING: China’s large-scale development of solar power, coupled with continuous innovation and a complete industrial chain, is driving down production costs and making new energy products more affordable worldwide, experts say.

This shift benefits the global community, whose current solar capacity still falls short of quantities needed to achieve decarbonisation goals.