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China Renewable Energy Market Outlook
Energy Business Reports, May 2008, Pages: 81
China has made great strides in the last two decades in bringing prosperity to a greater share of its people. Older state-run industries are being replaced by a dynamic new economy.
Unfortunately, this economy requires a huge engine to run it, and prosperity has brought with it a huge cost in the form of air pollution.
In 2006, the burning of coal produced two-thirds of the primary energy consumed in China. Even with improvements in end-use energy efficiency, energy demand continues to grow and so does the air pollution. In China, pollution is causing serious health problems, crop damage and acid rain, all of which are taking a social and economic toll.
Most opposition to renewable energy development in China comes from those who are concerned about the higher up-front cost of generation capacity. While a concerted renewables program can substantially reduce cost through competition and economies-ofscale, there are several additional benefits that can ultimately affect cost. Renewable energy development makes sense from a number of points of view, particularly with regards to energy security, international competition, employment benefits and environmental and health improvements.
China has chosen wind power as an important alternative source in order to rebalance the energy mix, combat global warming and ensure energy security. Supportive measures have been introduced. In order to encourage technical innovation, market expansion and commercialization, development targets have been established for 2010 and 2020, concession projects offered and policies introduced to encourage domestic production.
By the end of 2006, cumulative installed wind capacity had reached 2.6GW; the average annual growth rate over the past ten years has been 46%. Between 2004 and 2006, China's ranking in the world wind energy league moved up from the top 10 to the top 6, and the country is planning to host some of the biggest wind farms in the world. At the present growth rate, the 2010 target will be reached two years earlier. Wind power has not just contributed to supplying electricity but has lowered supply costs, reduced carbon emissions and helped to limit air pollution.
This report covers all the sectors of the Chinese renewable energy industry and analyzes each in details, dealing with issues, production/consumption data, industry reforms, major players in the industry, regulatory frameworks governing the market, and much more. It is a complete coverage of the Chinese renewable energy industry.
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