This comes down to China not having enough oil, and thus not enough energy. Their domestic oil is only a drop in the buckef of what they need. So they go ham on everything else, demand side and supply side. To lower demand they build subways and trains like crazy. To increase energy supply they build hydro, nuclear, and now solar. Solar is now cheap because they had to focus on it.
They also seemed to realise they can make far more panels than they can deploy. It doesn’t matter where the oil is displaced, so long as it goes down, so will prices.
It’s now a profitable export that the world really needs. But there’s no grand plan, it’s just that China needed a way out of their own energy constraint.
This comes down to China not having enough oil, and thus not enough energy. Their domestic oil is only a drop in the buckef of what they need. So they go ham on everything else, demand side and supply side. To lower demand they build subways and trains like crazy. To increase energy supply they build hydro, nuclear, and now solar. Solar is now cheap because they had to focus on it.
Fully agreed.
They also seemed to realise they can make far more panels than they can deploy. It doesn’t matter where the oil is displaced, so long as it goes down, so will prices.
It’s now a profitable export that the world really needs. But there’s no grand plan, it’s just that China needed a way out of their own energy constraint.