China is the biggest solar cell producer in the world in 2007 with production output of 1,088MW. And over 98% solar cells are exported to international market, only 20MW solar cells are installed in China.
The reason that the solar cells are not widely installed in China is that the solar power cost is too high at present, almost 10 times higher than the coal power, and lack of government incentive subsidies.
The power grid companies have not accepted any solar power grid connection request since they have some concerns about the solar power cost and the stability of the solar power. The commercial investment in the solar power generation is not practical at all.
At present The National Development and Reform Commission is organizing some experts to draft the solar power incentive subsidies policies. The National Development and Reform Commission is planning to request the power companies to buy the solar power generated by some desert demonstration solar power projects at the price of 4.00 RMB per KWH.
Thursday, November 6, 2008
BP quits wind farm project with China's Goldwind
SHANGHAI, Nov 6 (Reuters) - BP Alternative Energy, a unit of oil group BP Plc (BP.L: Quote, Profile, Research, Stock Buzz), has pulled out of a partnership in a wind farm project with a subsidiary of Goldwind Science & Technology Co 002202.SZ, Goldwind said on Thursday.
Goldwind, China's largest maker of wind turbines, said BP had decided to suspend its wind power business in Asia, according to a statement posted on the Shenzhen Stock Exchange.
BP Alternative Energy and Beijing Tianrun New Energy Investment Co, a subsidiary of Goldwind, signed a framework agreement in January to develop wind farms with planned total capacity of 148.5 megawatts (MW) in Inner Mongolia, China's top base for wind power.
A Goldwind statement from January said BP would buy a 49 percent stake in the joint venture.
China ranked as the world's fifth-largest for installed wind capacity in 2007, accounting for about 6 percent of the total 94 gigawatts (GW), according to the Global Wind Energy Council.
Goldwind said the construction of the wind farm was expected to be completed in February 2009, and it was seeking new partners.
BP Alternative Energy combines BP's interests in low and zero-carbon power generation, including wind, solar and hydrogen power.
Goldwind, China's largest maker of wind turbines, said BP had decided to suspend its wind power business in Asia, according to a statement posted on the Shenzhen Stock Exchange.
BP Alternative Energy and Beijing Tianrun New Energy Investment Co, a subsidiary of Goldwind, signed a framework agreement in January to develop wind farms with planned total capacity of 148.5 megawatts (MW) in Inner Mongolia, China's top base for wind power.
A Goldwind statement from January said BP would buy a 49 percent stake in the joint venture.
China ranked as the world's fifth-largest for installed wind capacity in 2007, accounting for about 6 percent of the total 94 gigawatts (GW), according to the Global Wind Energy Council.
Goldwind said the construction of the wind farm was expected to be completed in February 2009, and it was seeking new partners.
BP Alternative Energy combines BP's interests in low and zero-carbon power generation, including wind, solar and hydrogen power.
IFC channels USD136 mln into ENN Solar Energy in N.China
BEIJING, Nov 05, 2008 (Xinhua via COMTEX) -- International Finance Corporation (IFC) recently announced that it would arrange for 136 million U.S. dollars to finance China's first thin-film solar module production plant of ENN Solar Energy Co., Ltd.
This financing package includes 45 million U.S. dollars loan from IFC, 76 million U.S. dollars from syndicated loans and 15 million U.S. dollars as IFC's equity investment.
Situated in Langfang of North China's Hebei Province, this thin-film solar module program has planned overall investment of 14 billion yuan to build nine production lines in three phases.
The first production line is expected to come into commercial production in the second quarter of 2009 with annual production capacity at 600 MW.
IFC investment is aimed to help reduce the production cost of solar power generation and stimulate the development of Chinese photovoltaic market, according to IFC.
Earlier this year, ENN Group, parent of ENN Solar Energy, announced a plan to introduce automatic production line of Applied Materials Inc. (AMAT.Nasdaq).
Founded in 1989, ENN Group is one of China's major private town gas operators with total assets exceeding 20 billion yuan as of yearend 2007.
This financing package includes 45 million U.S. dollars loan from IFC, 76 million U.S. dollars from syndicated loans and 15 million U.S. dollars as IFC's equity investment.
Situated in Langfang of North China's Hebei Province, this thin-film solar module program has planned overall investment of 14 billion yuan to build nine production lines in three phases.
The first production line is expected to come into commercial production in the second quarter of 2009 with annual production capacity at 600 MW.
IFC investment is aimed to help reduce the production cost of solar power generation and stimulate the development of Chinese photovoltaic market, according to IFC.
Earlier this year, ENN Group, parent of ENN Solar Energy, announced a plan to introduce automatic production line of Applied Materials Inc. (AMAT.Nasdaq).
Founded in 1989, ENN Group is one of China's major private town gas operators with total assets exceeding 20 billion yuan as of yearend 2007.
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