The World's #1 Renewable Energy Network for News, Information, and Companies.

China On Track for Rapid Wind Power Development

According to the recently released 12th Five-Year Plan from the Chinese government, the wind power sector in China is primed to continue its rapid development.

The country has rich wind resources, ranking third in the world behind Russia and the U.S. Technically exploitable onshore wind resources total 300 GW, and offshore resources are as high as 700 GW, according to the latest wind resource assessment. To date, however, only a small fraction of those resources have been developed.

The government cites the great importance that China attaches to energy conservation as another driving force for the continuous development of the wind power industry during the country’s 12th Five-Year Plan as well as important subsidies that are in place to support wind power development. 

In 2009, National Development and Reform Commission of China set a tariff for on-shore wind projects based on location and the availability of wind resources and construction conditions. This pricing mechanism has been conducive to the healthy development of the industry as it avoids vicious price competition.

Western China, well known as a key area for development of traditional energies in the country, has achieved rapid development in new energies as well. In November 2010, the National Energy Administration and the provincial government of Gansu celebrated the completion of the first phase of China’s first 1 GW wind power facility in the region, which is slated to have a final installed capacity of 1.27 GW by 2015.

Also in November, a host of wind power projects in Hami, the Xinjiang Uygur Autonomous Region, took further steps towards their development, gaining necessary preliminary environmental permits to go forward with construction. Together these proposed projects would have a total capacity of 2 GW. Ten companies, including China Datang Corporation Renewable Power, China Huadian Corporation and China Power Investment Corporation, are investors in the projects, which totals RMB 4.3 billion (approx. US$655 million), according to a local governmental official. Installed wind power capacity in the region was just 10 MW in 2009, but is expected to hit more than 1 GW by 2014. 

RELATED ARTICLES

Renewable Energy Finance

Clean Energy ETFs Are on a Tear

Eric Balchunas, Bloomberg Green investing used to be synonymous with losing money. But while the S&P 500 Index is up 2 percent this year, and the MSCI All-Country World Index is up 5 percent, clean energy ETFs have double-digit re...

Wheels, Towers and Trees: Unconventional Renewable Energy Technologies in the Pipeline

Andrew Williams, International Correspondent A number of companies around the world are developing novel technologies in an effort to grab a slice of the global renewable energy market.  Although many of these technologies are simple incremental improvements to e...
UK Parliament Clean Energy Leaders

UK Government Names Clean Energy Cabinet Members

David Appleyard, Contributing Editor With the UK general election now over and a majority Conservative Party government in place, the re-elected Prime Minister David Cameron has now named key members of the government charged with steering the UK’s clean energ...
Microgrids

Coast to Coast and Across the Electric System, Microgrids Provide Benefits to All

Dick Munson, Environmental Defense Fund At the most obvious level, microgrids could disrupt today’s utilities and their regulated-monopoly business model, because they challenge the centralized paradigm. In a nutshell, microgrids are localized power grids that ha...
Nanjing Shanglong Communications Liu Yuanyuan is Director of Operations and Co-Founder of Nanjing Shanglong Communications. Liu Yuanyuan previously held the position of office manager at the London Financial Times' China translation and editoria...

CURRENT MAGAZINE ISSUE

03/01/2015
Volume 18, Issue 3
file

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

Doing Business in Brazil – in partnership with GWEC, the Global Win...

Brazil is one of the most promising markets for wind energy.  Ranke...

Energy Storage USA 2015

Energy Storage USA is the leading conference in the United States focuse...

Wind Power Central America

Wind power projects are expected to reach 46GW of total installed capaci...

COMPANY BLOGS

SunEdison Expands Residential Market Offerings with New PPA, Sales ...

SunEdison has largely focussed on the commercial and utility-scale solar...

Are You Ready for a Natural Disaster?

Guest post by Jenna Clarke  Living in the Shenandoah Valley of Virg...

Deadline for Inclusion in Solar Power World's Top Solar Contractors...

UPDATE: The official deadline for the Solar Power World T...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS