In 2024, the focus of investment in the new energy sector will be on photovoltaics, as wind and solar power are the core strategic directions for the development of China's clean energy industry. The growth potential of photovoltaics is greater, more evenly distributed, and has greater development potential and market prospects in the future. Therefore, photovoltaics have more investment advantages than wind energy.

Special attention must be paid to investment in the new energy sector in 2024, as the current policy requirement for dual carbon goals is firm, and the replacement of new energy is an inevitable direction. In fact, wind and solar power have become the core strategic directions for the development of China's clean energy industry. According to the "three-step" route of the "dual carbon" goal, China has clearly stated that by 2030, the total installed capacity of wind and solar power will reach over 1.2 billion kilowatts. At present, the installed capacity of wind power in China is about 370 million kilowatts, a year-on-year increase of 11.2%, ranking first in the world; The installed capacity of solar power generation in China is about 390 million kilowatts, a year-on-year increase of 28.1%. In the next 10 years, there will be nearly half of the expansion space in the wind and photovoltaic markets, with broad prospects and high expectations.

So who has the advantage over wind power or solar power? Firstly, China's abundant solar and wind energy resources, like sleeping giants, mainly inhabit the economically underdeveloped western regions. The power transmission of wind power in the western region is like the busy Silk Road, which not only continuously sends electricity to the east, improves electricity efficiency, but also injects new economic vitality into the western region. This is not only a spatial leap, but also a feast for economic prosperity. The western region has thus gained potential economic benefits, injecting new vitality into the regional economic development

However, extreme weather and climate events, such as rainstorm and flood, typhoon, thunder and lightning, high temperature and drought, low temperature and freezing, have obvious seasonal and regional characteristics. These changes will directly affect the ability of wind farm internal equipment to withstand meteorological risks. For example, extreme low temperatures and thunderstorms may pose a threat to the normal operation of wind turbines.

As the cost of solar energy decreases, this technology becomes increasingly reliable for homeowners. Its convenience allows residential users to reduce other energy expenses. Modern solar panels are either installed on rooftops or on the ground, converting sunlight into energy. These solar panels are composed of photovoltaic cells (or solar cells) that generate current using semiconductor material silicon. Convert it to AC power through an inverter to meet household power supply needs. Very practical!

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