China installs more solar in 1 month than the total energy the US uses
China installed its highest solar power capacity for a single month in May.
back-of-the-envelope calculations, 71 GW is more power than the entire US uses (on average). This is why our electricity is, on average, 2.5-3 times more expensive. This will lead to advantages in AI, production, etc. Cheap energy = cheap everything else.
#AI #Solar #energy #renewables
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China Smashes Solar Installation Record
China set a global record by installing 93 GW of solar capacity in May, surpassing any other country's full-year total, though growth is expected to slow due to new regulatory changes.Charles Kennedy (OilPrice.com)