China’s top 10 renewable energy
developments in 2007
Mar 26, 2008 - Adam Aston - Business
Week - Investing
China is displaying surprising progress in renewables,
more than many outsiders might expect. Examples:
China trails only Germany and Japan in solar photovoltaic
cell output. Another: Unlike the US, China wisely
halted the approval of new ethanol projects using
These are just two of 10 examples that bely the
cliches that circulate about China’s green potential.
Two dominate most discussions. First is that China’s
emissions are a runaway train, gathering speed,
that are sure to wreck any global climate agreement,
no mattter what. The other, practically opposite,
take is that China, with its enormous wealth and
feverish pace of infrastructure building will leapfrog
the west in cleantech.
The truth is of course somewhere in between. The
list, released yesterday by New Energy Finance Ltd
and the Chinese Renewable Energy Industries Association
(CREIA), shows that China is rolling out some really
smart green energy policies, some of which are wisely
cherry picked from Europe and the US.
1. China releases the Medium to Long-term Development
Plan for Renewable Energy, setting national targets
for all major renewable energy sectors for 2010
and 2020 respectively.
2. China implements a detailed plan to compensate
grid companies for the extra cost of purchasing
renewable power via a quota exchange system.
3. China has reformed the bidding system for the
fifth round national concession wind projects to
discourage cutthroat price competition. Project
developers who field bids closest to the average
bid now score highest in the price evaluation section.
On a provincial level, Guangdong becomes the first
province in China to set a fixed feed-in tariff
for wind power at CNY 0.68 ($0.09588) per kWh.
4. PV cell production in China (not including
Taiwan Province) exceeds the US in 2007, becoming
third in the world behind Japan and Germany.
5. China makes a breakthrough in installations
of domestically manufactured wind turbines in 2007.
Wind turbines from domestic manufacturers account
for 56% of all installed turbines in China in 2007,
exceeding those made by foreign and joint-venture
companies for the first time.
6. China’s first thousand-tonne polysilicon plant
is commissioned in Leshan, Sichuan province, marking
the beginning of the scale-up production of this
raw material in the country.
7. Installed wind capacity in China reaches 6GW
at the end of 2007. One quarter of this or 1.5GW
is installed in Inner Mongolia Autonomous Region,
making it China’s first province/region to have
more than 1GW installed.
8. China kicks off development of grid-connected
utility scale PV projects with the NDRC implementing
a plan to build 5MW and larger solar PV plants in
8 provinces in western China.
9. Jinan, in Shandong province, hosts the first
central government sponsored National Solar Heat
Utilisation Congress in China, which aims to popularise
the installation of solar water heaters in buildings
across the country.
10. China halts the approval of new grain-based
bioethanol projects and enacts policies to encourage
non-grain based biofuels development.
Source: New Energy Finance Ltd and the Chinese
Renewable Energy Industries Association (CREIA)