China, Renewables, and Energy Storage

Here’s an excellent article that expands on what I wrote in my report on China and renewable energy.  

I agree with a great deal of this, but the figures on the amount of energy and the amount of money are off by several orders of magnitude:  “A KPMG study expects that electricity consumption in China will rise to 6,400 TWh by 2020, up from 3,600 TWh in 2010. To meet that demand, approximately $2.8 billion in additional investment will be needed, says KPMG.” $2.8 billion won’t cover the cost of the cigars for the bureaucrats overseeing this effort.

In any case, there are some excellent observations made here.