Business Maverick: China’s wind and solar are now almost enough to power every home

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Wind turbines and solar panels are now generating almost enough electricity to power every home in China.

Wind and solar output jumped 21% last year to 1,190 terawatt-hours of electricity, the National Energy Administration said at a briefing on Monday. That’s not far off total residential power consumption of 1,340 terawatt-hours, the NEA said, which was a 14% increase on the prior year as more people spent time at home because of the government’s stringent virus restrictions.

The near-match underscores two important things about China’s power system. One, of course, is the rapid growth in renewables as the country sinks hundreds of billions of dollars into meeting climate goals and reducing its reliance on expensive fossil fuels. But tempering that is a second point: the relative insignificance of household power when it comes to energy demand in China. Just 17% of electricity use there was classified as residential in 2020, according to the International Energy Agency. In the same year, homes accounted for 29% of power consumption in

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