Organized by the leading industry associations working in China, Global WindPower 2008 Conference & Exhibition is the meeting point for all wind professionals working in China. There is something of interest for both industry veterans and newcomers, with three days of conference sessions, an interactive exhibition of wind energy products and services, and numerous networking opportunities. Global WindPower 2008 is an event that you cannot afford to miss.
Wind industry professionals from around the world will come to Beijing to share their knowledge and experience with you. Conference sessions will cover both technical and policy developments in the Chinese market, as well as an outlook on the market's future developments.
Time: 29th – 31th Oct.,2008
Venue: China International Exhibition Center (NEW VENUE)
Thursday, October 9, 2008
China to Subsidize Wind Turbines
26 August 2008
by Justin Moresco
The Chinese government said Friday it will subsidize wind power equipment makers as the country continues its drive to generate 15 percent of its energy needs from renewable sources by 2020.
"This is quite significant," said Caitlin Pollock, Asia wind energy analyst for Emerging Energy Research, based in Cambridge, Massachusetts. "It will spur further growth."
The policy marks the first Chinese subsidy exclusively targeting wind power and highlights the Asian country's increasing interest in wind as a major source of energy. The government has set an official target of 30 gigawatts of installed wind capacity by 2020.
Last year China had a total of 5.9 gigawatts of installed capacity, according to Emerging Energy Research. The research group expects the country will nearly double that figure this year to 11.1 gigawatts.
But the subsidy also continues China's overarching policy of growing domestic manufacturing in parallel with overall renewable energy production. China wants to be greener, and it wants the transition to be led by local companies.
That's why only Chinese majority-owned turbine manufactures that source blades and other components from majority locally owned suppliers will qualify for the subsidy. And the subsidized amount--$88 per kilowatt for the first 50 units generating 1.5 megawatts or more--can only be used for research and development purposes.
Although there are more than 40 wind turbine vendors in China today, most have opted to license technology from foreign companies. The policy is intended to reverse that trend, Pollock said.
And in the long run, the subsidy should help make Chinese wind companies more competitive with their foreign rivals, such as GE Energy of the U.S. and Danish Vestas Wind Systems.
by Justin Moresco
The Chinese government said Friday it will subsidize wind power equipment makers as the country continues its drive to generate 15 percent of its energy needs from renewable sources by 2020.
"This is quite significant," said Caitlin Pollock, Asia wind energy analyst for Emerging Energy Research, based in Cambridge, Massachusetts. "It will spur further growth."
The policy marks the first Chinese subsidy exclusively targeting wind power and highlights the Asian country's increasing interest in wind as a major source of energy. The government has set an official target of 30 gigawatts of installed wind capacity by 2020.
Last year China had a total of 5.9 gigawatts of installed capacity, according to Emerging Energy Research. The research group expects the country will nearly double that figure this year to 11.1 gigawatts.
But the subsidy also continues China's overarching policy of growing domestic manufacturing in parallel with overall renewable energy production. China wants to be greener, and it wants the transition to be led by local companies.
That's why only Chinese majority-owned turbine manufactures that source blades and other components from majority locally owned suppliers will qualify for the subsidy. And the subsidized amount--$88 per kilowatt for the first 50 units generating 1.5 megawatts or more--can only be used for research and development purposes.
Although there are more than 40 wind turbine vendors in China today, most have opted to license technology from foreign companies. The policy is intended to reverse that trend, Pollock said.
And in the long run, the subsidy should help make Chinese wind companies more competitive with their foreign rivals, such as GE Energy of the U.S. and Danish Vestas Wind Systems.
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