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2019-01-28 09:55:00

CHINA'S RENEWABLE UP 12%

CHINA'S RENEWABLE UP 12%

REUTERS - China's renewable power capacity rose 12 percent in 2018 compared to a year earlier, official data showed on Monday, with the country still rolling out new projects despite transmission capacity concerns and a growing subsidy payment backlog.

China has been aggressively promoting renewable power as part of an "energy revolution" aimed at easing its dependence on coal, a major source of pollution and climate-warming greenhouse gas emissions.

Total capacity - including hydro and biomass as well as solar and wind - rose to 728 gigawatts (GW) by end-2018, the National Energy Administration (NEA) said during a briefing.

That amounted to 38.3 percent of China's total installed power capacity, up 1.7 percentage points on the year and around 7 percentage points higher than at the end of 2015.

China hooked up another 20.59 GW of new wind power capacity to its grid in 2018, the NEA said. New solar capacity reached 44.3 GW, slightly higher than a figure given by an industry association earlier this month, but still down compared to 2017 following a decision to slash subsidies.

China also completed another 8.54 GW of hydropower capacity, mostly in the nation's southwest, bringing total hydropower to 352 GW by the year's end.

China has tried to change the "rhythm" of renewable power construction to give grid operators time to raise transmission capacity and ensure clean electricity generation is not wasted.

Li Chuangjun, deputy head of the NEA's new energy section, said overall rates of waste in the wind power sector had fallen to 7 percent last year, down 5 percentage points on the year.

The major wind generation regions of Xinjiang and Gansu in the far northwest, however, still failed to get around a fifth of potential wind power onto the grid over the period.

China's "energy revolution" has also involved the installation of new emissions control technology at its coal-fired power plants, still the dominant form of energy in China.

Around 810 GW, or 80 percent, of China's coal-fired capacity was employing "ultra-low emission" technology by the end of 2018, according to the transcript of a speech by China environment minister Li Ganjie published on Monday.

But despite China's efforts to cut coal consumption and promote renewable power domestically, it has been criticized for backing new coal-fired projects overseas that use obsolete equipment no longer permitted at home.

 

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Earlier:

 Renewable
2019, January, 25, 08:40:00

CHINA'S COAL, RENEWABLE INVESTMENT

POWERMAG - China continues to finance new coal plants in more than two dozen countries, even as the country has taken the lead in global renewable energy investment, according to a report from a U.S. group of energy analysts.

 

 Renewable
2018, December, 7, 08:10:00

WBG GREEN INVESTMENT $200 BLN

WBG - “There are literally trillions of dollars of opportunities for the private sector to invest in projects that will help save the planet,” said IFC CEO Philippe Le Houérou. “Our job is to go out and proactively find those opportunities, use our de-risking tools, and crowd in private sector investment. We will do much more in helping finance renewable energy, green buildings, climate-smart agribusiness, urban transportation, water, and urban waste management.”

 

 Renewable
2018, November, 9, 15:40:00

ЭНЕРГИЯ РОССИИ И КИТАЯ

МИНЭНЕРГО РОССИИ - «Показатели поставок энергоресурсов традиционно демонстрируют положительную динамику. Только за 10 месяцев 2018 года поставки нефти в КНР, по сравнению с аналогичным периодом прошлого года, выросли на 33,7%, составив 33,36 млн тонн. При этом, угольный экспорт в Китай за 8 месяцев вырос на 15,4% до 18,12 млн тонн угля, продемонстрировали положительную динамику и поставки электроэнергии, за 9 месяцев увеличившись до 2,45 млрд кВт ч, что на 4,33% больше аналогичного показателя прошлого года. В этом году, по нашим ожиданиям, общий объем поставок электроэнергии в Китай достигнет 3,3 млрд. кВт ч.», - сообщил Министр.

 

 Renewable
2017, October, 25, 12:15:00

RENEWABLE INVESTMENT $3.7 BLN

A group of private-equity investors led by New York-based Global Infrastructure Partners and China’s sovereign wealth fund will acquire a portfolio of Asian wind and solar energy projects from Singapore-based Equis Pte Ltd for $3.7bn.

 

 Renewable
2017, October, 16, 12:05:00

CHINA'S SOLAR ENERGY UP 50%

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.

 

 Renewable
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.”

 

 

Renewable
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, RENEWABLE, POWER