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.
Wednesday, November 5, 2008
China and India on track for wind sector dominance
Report claims China could replace Germany as biggest generator of wind power as early as next year
BusinessGreen.com staff, BusinessGreen, 05 Nov 2008
The growing influence China and India wield over the global wind energy sector has been underlined after new research suggested both countries are fast closing the capacity gap on more established markets such as Germany and the US.
The study from the Global Wind Energy Council confirmed that at the end of 2007 Germany continued to hold the top spot with 22.3GW of installed capacity compared with 16.8GW in the US and 15.1GW in Spain.
However, India with 7.8GW and China with 5.9GW made up the top five and both reported rapid growth with India installing an extra 1.5GW of capacity and China taking the title of fastest-growing market, achieving 145 per cent growth over the course of the year.
The report, which was released late last week, predicted that with China now boasting the world's largest turbine manufacturing sector through companies such as Goldwind, Sinovel Wind and Dongfang, the country is on track to take Germany's title of largest wind energy generator as early as 2009.
It also claimed that the rapid expansion of the wind energy sector in emerging economies meant that wind could generate up to 12 per cent of the world's power by 2020 - saving 10 billion tonnes of carbon in the process - and represent almost a third of the global energy mix by 2050.
Meanwhile, reports have emerged this week that Indian turbine maker Suzlon Energy is to undertake a share issue to finance the acquisition of an extra 22 per cent stake in Germany's REpower Systems.
The company already holds a 66 per cent stake in REpower Systems, but according to India's Business Standard is committed to bolstering its stake and is in talks with a number of private equity firms about raising the required funds through a share sale.
BusinessGreen.com staff, BusinessGreen, 05 Nov 2008
The growing influence China and India wield over the global wind energy sector has been underlined after new research suggested both countries are fast closing the capacity gap on more established markets such as Germany and the US.
The study from the Global Wind Energy Council confirmed that at the end of 2007 Germany continued to hold the top spot with 22.3GW of installed capacity compared with 16.8GW in the US and 15.1GW in Spain.
However, India with 7.8GW and China with 5.9GW made up the top five and both reported rapid growth with India installing an extra 1.5GW of capacity and China taking the title of fastest-growing market, achieving 145 per cent growth over the course of the year.
The report, which was released late last week, predicted that with China now boasting the world's largest turbine manufacturing sector through companies such as Goldwind, Sinovel Wind and Dongfang, the country is on track to take Germany's title of largest wind energy generator as early as 2009.
It also claimed that the rapid expansion of the wind energy sector in emerging economies meant that wind could generate up to 12 per cent of the world's power by 2020 - saving 10 billion tonnes of carbon in the process - and represent almost a third of the global energy mix by 2050.
Meanwhile, reports have emerged this week that Indian turbine maker Suzlon Energy is to undertake a share issue to finance the acquisition of an extra 22 per cent stake in Germany's REpower Systems.
The company already holds a 66 per cent stake in REpower Systems, but according to India's Business Standard is committed to bolstering its stake and is in talks with a number of private equity firms about raising the required funds through a share sale.
Sunshine on China Wind Power Industry
China Wind Power Industry is still promising in the worldwide financial crisis.
Wind energy industry is rapidly growing in China, and 3.4GW wind power capacity was installed in 2007, and the accumulated installed wind power capacity reached 6GW by the end of 2007, and China became the No.5 biggest wind power producer in 2007. And China accounted for 15% of investment in the global wind power industry in 2007, and the attracted investment in China was 34 billion CNY in total.
According to China Wind Power Development Report 2008, the total installed wind power capacity in China will reach 10GW by the end of 2008, and 25GW by the end of 2010. And the most conservative estimated capacity is 80GW by the end of 2020, the business opportunity in China wind power industry is huge.
It is possible that China government will release more incentive policies to further push the development of wind power industry. And in the last two years, many new big players joined the wind power industry, and these manufacturers will begin the mass production in next several years. Then China's wind power industry will expand at incredible speed.
At present China wind power industry development also faces some problems: weak power grid, low wind electricity price, wind power equipment quality problem and lack of innovative technologies and talented engineers.
The weak power grid is the biggest bottleneck. In general the wind power rich regions are far from the power consumption regions, and the power grid in the wind power rich regions is not able to transfer the generated electricity in large scale to the quite far power consumption regions.
The low wind electricity price is harmful to the wind power industry development. At present the wind electricity price in China is 0.01 to 0.02 Euro lower than the price in other countries. And the wind electricity prices for different projects are different, it is not fair for the companies to compete.
The low wind electricity price forces the wind power investors to beat down the wind power equipment prices, it is hard to guarantee the wind power equipment quality and the wind power equipment manufacturers do not have enough fund for product and technology development.
Wind energy industry is rapidly growing in China, and 3.4GW wind power capacity was installed in 2007, and the accumulated installed wind power capacity reached 6GW by the end of 2007, and China became the No.5 biggest wind power producer in 2007. And China accounted for 15% of investment in the global wind power industry in 2007, and the attracted investment in China was 34 billion CNY in total.
According to China Wind Power Development Report 2008, the total installed wind power capacity in China will reach 10GW by the end of 2008, and 25GW by the end of 2010. And the most conservative estimated capacity is 80GW by the end of 2020, the business opportunity in China wind power industry is huge.
It is possible that China government will release more incentive policies to further push the development of wind power industry. And in the last two years, many new big players joined the wind power industry, and these manufacturers will begin the mass production in next several years. Then China's wind power industry will expand at incredible speed.
At present China wind power industry development also faces some problems: weak power grid, low wind electricity price, wind power equipment quality problem and lack of innovative technologies and talented engineers.
The weak power grid is the biggest bottleneck. In general the wind power rich regions are far from the power consumption regions, and the power grid in the wind power rich regions is not able to transfer the generated electricity in large scale to the quite far power consumption regions.
The low wind electricity price is harmful to the wind power industry development. At present the wind electricity price in China is 0.01 to 0.02 Euro lower than the price in other countries. And the wind electricity prices for different projects are different, it is not fair for the companies to compete.
The low wind electricity price forces the wind power investors to beat down the wind power equipment prices, it is hard to guarantee the wind power equipment quality and the wind power equipment manufacturers do not have enough fund for product and technology development.
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