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2017-10-16 12:05:00

CHINA'S SOLAR ENERGY UP 50%

CHINA'S SOLAR ENERGY UP 50%

SHANGHAIDAILY - German solar panel component maker Heraeus said yesterday its sales surged 50 percent annually in China's solar power sector over the first nine months of the year.

The firm, however, didn't unveil the sales figure but it said China contributed 65 percent to its global sales in solar power business this year. The company's solar power sales has jumped since the start of the year boosted by China's surging solar farm installations, said Andreas Liebheit, president of Heraeus's global photovoltaic business.

Heraeus is the world's largest silver paste maker with a 40 percent share of the global market. Silver paste is a component used in solar panels to conduct electricity.

China installed 38.28 gigawatts of solar power from January to August, up 49.5 percent from the end of last year, according to the China Electricity Council.

The rapid growth in solar power installation from last year was because "solar component costs are declining much faster," said Alex Liu, analyst for energy and public utilities at UBS.

The cost to generate one kilowatt-hour of solar power fell to 0.6 yuan by the end of last year from 1.5 yuan five years ago.

Alongside the cost drop, China's solar power industry will also benefit from the government's call for more distributed power grids, Liebheit said. This "suggests the nation should be the long-term key market for global producers," he said.

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Earlier:

 ГАЗ РОССИИ ДЛЯ КИТАЯ
2017, September, 27, 13:45:00

RUSSIAN GAS FOR CHINA

As noted by Alexey Miller, "since early 2017, China's gas demand has grown significantly; according to the latest data, in January-July alone gas consumption in China added 16 per cent compared to the same period of last year."

 

 RENEWABLE ENERGY UP
2017, September, 25, 13:10:00

RENEWABLE ENERGY UP

China accounts for the lion’s share of the upsurge. But Middle East and north African countries are scheduled to have installed 14GW in solar plants by the end of 2018 — a seven-fold increase from 2015. Central and South America are also expected to reach 14GW, nearly five times more than in 2015, while India is set to hit 28GW, a jump of nearly six times.

 

 WORLD ENERGY CONSUMPTION UP TO 28%
2017, September, 15, 08:55:00

WORLD ENERGY CONSUMPTION UP TO 28%

The U.S. Energy Information Administration projects that world energy consumption will grow by 28% between 2015 and 2040. Most of this growth is expected to come from countries that are not in the Organization for Economic Cooperation and Development (OECD), and especially in countries where demand is driven by strong economic growth, particularly in Asia. Non-OECD Asia (which includes China and India) accounts for more than 60% of the world's total increase in energy consumption from 2015 through 2040.

 

 IMF: SOUTHEAST ASIA'S TRANSFORMATION
2017, September, 13, 15:10:00

IMF: SOUTHEAST ASIA'S TRANSFORMATION

IMF - When we think about Asia’s economic future, we know that this future is being built on strong foundations—on the richness and diversity of its cultures, on the incredible energy and ingenuity of the people who have changed the world by transforming their own economies. China and India have been driving the greatest poverty reduction in human history by creating the world’s largest middle classes. In a single generation, Vietnam has moved from being one of the world’s poorest nations to being a middle-income country.

 

 WBG & IMF NEED CHINA
2017, September, 13, 15:05:00

WBG & IMF NEED CHINA

We reiterate our commitment to a strong, quota-based, and adequately resourced IMF to preserve its role at the center of the Global Financial Safety Net. We support the work of the IMF to strengthen its cooperation with regional financing arrangements, and its ongoing work to further enhance the effectiveness of its lending toolkit.

 

 CHINA'S RENEWABLE UP
2017, July, 21, 08:50:00

CHINA'S RENEWABLE UP

CHINA’S installed solar power capacity surged over the first half year amid shrinking costs and government policies. Over the first six months, 23.6 gigawatts of solar power were installed, 34.2 percent higher from a year ago, UBS said yesterday, adding that it was “far more than expected as most domestic analysts predicted at the beginning of the year that only 20-25 gigawatts would be added for the whole year.”

 

 CHINA'S RENEWABLE INVESTMENT: $368 BLN
2017, June, 21, 20:40:00

CHINA'S RENEWABLE INVESTMENT: $368 BLN

China plans to invest 2.5 trillion yuan (US$368 billion) into renewable energy projects during the 2016-2020 period, creating more than 13 million jobs in the sector, according to the National Energy Administration.

 

Tags: CHINA, SOLAR, ENERGY, RENEWABLE

Chronicle:

CHINA'S SOLAR ENERGY UP 50%
November, 24, 09:15:00

SAUDI'S OIL FOR CHINA

BLOOMBERG - As Saudi Arabia led OPEC’s output cuts this year to shrink a global glut, it’s lost out on market share in the world’s biggest energy consumer. Russia in September retained the top Chinese supplier spot for the seventh straight month, while the kingdom was third.

CHINA'S SOLAR ENERGY UP 50%
November, 24, 09:10:00

URALS QUALITY WILL DOWN

PLATTS - The quality of Russia's key Urals crude exports towards Europe will continue to fall next year as more of the country's low-sulfur oil flows are diverted eastward to China, Russian national oil pipeline operator Transneft warned.

CHINA'S SOLAR ENERGY UP 50%
November, 24, 09:05:00

S.KOREA'S SOLAR UP

FT - OCI — the world’s third-largest polysilicon maker by capacity and South Korea’s biggest — this month reported a 3,373 per cent increase in operating profit to Won78.7bn ($72m) for the July-September quarter, its best performance in five years. Rival Hanwha Chemical saw third-quarter net profit jump 25 per cent to a record Won252bn. 

CHINA'S SOLAR ENERGY UP 50%
November, 24, 09:00:00

U.S. RIGS UP 8 TO 923

U.S. Rig Count is up 330 rigs from last year's count of 593, with oil rigs up 273, gas rigs up 58, and miscellaneous rigs down 1 to 0. Canada Rig Count is up 41 rigs from last year's count of 174, with oil rigs up 13, gas rigs up 30, and miscellaneous rigs down 2 to 2.

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