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July 6, 2009
China's
wind power sector has witnessed 100 percent annual growth in the past three
years. The country's wind power installed capacity is expected to exceed 30 GW
by the end of 2010, up from 12 GW last year.
China
plans to build seven wind power bases with a minimum capacity of 10 GW each by
2020, in an initiative to greatly increase the use of the clean energy.
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May 26, 2009
The German energy giant Siemens is building its first wind turbine manufacturing plant in China. The wind turbines produced in Shanghai will be for the Chinese market and for export. Siemens is investing more than 60 million euros in setting up this new location.
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May 25, 2009
China is planning to spend $4.4 trillion on expanding renewable
energy use, state media said, as it seeks to rely more on cleaner ways to power
its growth. The investment will be
partly focused on wind power. China's
government says it will have 100 gigawatts of wind-power capacity by 2020 -
enough to power more than 60 million homes.
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May 11, 2009
The Jiuquan wind power project in Gansu province, which
mainly comprises 18 wind power stations each with a capacity of 200,000 kw and
two wind power stations each with a capacity of 100,000 kw, will soon start
construction. Upon its completion in 2010, the wind power's installed capacity
will amount to 5 million MWs.
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March 3, 2009
Wind turbine maker Suzlon Energy on Tuesday
said that it has formed a joint venture with China’s Inner Mongolia North
Longyuan Wind Power Corporation to
supply turbines for a 100 megawatt, World Bank-aided wind power project in
China.
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February 25, 2009
China
Wind Systems, based in Wuxi, started production this month at its new manufacturing
facility for wind turbine components. The
Wuxi City plant's completion clears the path for China Wind to sign supply
agreements with other major manufacturers in China’s wind turbine industry.
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February 24, 2009
General Electric Co (GE) plans to double
wind turbine deliveries to Chinese customers over the next two years, the
Shanghai Daily reported. Gamesa
Corporacion Tecnologica has received several turbine orders from China’s renewables
development company Longyuan Electric Power Group Corporation.
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January 14, 2009
The General
Electric Co. subsidiary GE Drivetrain Technologies and China-based A-Power
Energy Generation Systems Ltd. signed letters of intent on Monday for a supply
deal and a for a joint venture partnership. GE Drivetrain Technologies will
supply A-Power with more than 900 2.7 megawatt gearboxes beginning in 2010.
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January 5, 2009
Wind
installation in China grew substantially by the end of 2008, surpassing the
Indian market - the largest wind power market in Asia. According to a new
research report “Wind Power: Opportunities in Emerging Markets” by RNCOS, wind
power installation is rapidly increasing in the People’s Republic of China
(PRC) and posted a stupendous growth rate of more than 127% by end of 2007.
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November 24, 2008
British Columbia-based Finavera Renewables
struck a $800 million funding deal with Fairfield, Conn.-based General Electric
for Finavera wind farms in Canada. The
deal gives GE Energy Financial Services, a unit of GE, the exclusive right to
fund or arrange equity and debt financing.
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November 20, 2008
According to a report by Emerging Energy
Research, China’s plans to reach 100 GW of installed wind power
generation capacity by 2020 are unlikely to be derailed—or even side-tracked—by
the current global financial crisis.
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November 14, 2008
Taiwan's wind power generation may grow to
3,000 MWs by 2020 due to increased government attention to clean or renewable
energy. Many experts believe Taiwan,
with some of the world's best engineers and advanced technologies, could emerge
as an important player in the clean energy field.
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November 6, 2008
BP
Alternative Energy, a subsidiary of oil giant BP, has pulled out of a partnership in a wind farm
project with a subsidiary of Goldwind Science & Technology Company of
China. Goldwind is China's largest maker
of wind turbines. It said BP decided to
suspend its wind power business in Asia.
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November 5, 2008
Research and Markets has announced the
addition of the "China Wind Power Market Potential" report to their
offering. The report on Wind Power in
China is a complete analysis of the Chinese wind energy industry. The report
analyzes the technology, barriers to the development of wind energy in China,
regulatory framework, and a profile of the major industry players.
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August 28, 2008
The Chinese Ministry of Finance has promulgated its
"Interim Procedures For Management Of Wind Power Generation Equipment
Industrialization Special Funds". This says that for the first 50 wind
power units from manufacturers that meet the relevant criteria, subsidies of
CNY600 per kilowatt will be granted by Ministry of Finance. This is said to be
equivalent to 10% of the cost.
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July 29, 2008
Strong Chinese government
policies, rising coal prices and improved technology have prompted a surge of
investment into green energy, particularly wind power. Since 2005, the country's wind generation
capacity has increased by more than 100% a year. The government's renewable
energy policy aims fto procure 15% of the country's energy from non-carbon
sources by 2020, twice the proportion of 2005.
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July 25, 2008
The Korean government run electric power
company announced this week it is expanding wind farms it is operating in China, with
high hopes for entry into the world's second largest energy consuming
country. Korea Electric Power
Corporation (KEPCO) said it has signed a deal with China's biggest electric
power firm for construction of additional wind farms.
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July 22, 2008
Wind-power plants are attracting growing investment in China, according to the United Nations Environment Programme (UNEP). Investment in the country's sustainable energy sector grew by 91 % last year to a record high of $10.8 billion, most of which has flowed to wind-power generating units, says UNEP’s report Global Trends in Substantial Energy Investment 2008.
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July 21, 2008
A
wind power plant has become operational in Beijing, a major step towards making 20
percent of the power supply to the city's Olympic venues during the games
wind-generated. The Guanting Wind Power
Plant, beginning operation on Saturday, would not only help fulfill Beijing's promise of a
"green Olympics", but symbolize the first-ever large-scale employment
of wind power generation project in the Chinese capital, said a spokesman for
the project.
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July 9, 2009
Tanti group, which owns wind turbine maker Suzlon Energy,
announced a joint venture with Bahrain-based investor Arcapita Bank to invest
$2 billion to develop 1,650 MW portfolio of wind farms in the inner Mangolia
region of China.
The joint venture has acquired Honiton Energy Holdings, an energy company based
in China.
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July 9, 2009
The National Development and Reform
Commission has approved construction for China’s
first offshore wind farm, the East China Sea
Bridge wind farm off Shanghai.
The project will have installed capacity of 102,000 KWs and be built by a consortium including
Guangdong Nuclear Power, China Datang Group, China Power International and
Shanghai Green Energy Engineering.
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July 3, 2008
With China’s
massive push for 21st Century renewable technologies, we shouldn’t be surprised
if China
achieves 100 GW by 2020 say energy experts. Officially, China’s latest
renewable energy plan sets a goal of 10 GW by 2010. That’s double the previous
target. However, according to industry analysts at China Strategies LLC, China’s current
pace of wind development will bring 10 GW by the end of this year, two years
ahead of schedule.
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June 26, 2008
A boost to the development of wind
power in China will not only
help to cut carbon dioxide emission but also serve as a buffer zone for
sandstorms in northern China,
said energy expert Huang Yicheng. Huang, also the country's former energy minister,
explained that establishment of big wind power stations with the installation
of windmills in northwestern China
was like a shield to reduce wind velocity.
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June 3, 2008
A recent boom in Chinese wind power development has surpassed the
government's original target and forced policymakers to set a new goal that
might still be too modest. In 2007, cumulative wind installations in China exceeded 5 gigawatts, the goal originally
set for 2010 by the National Development and Reform Commission (NDRC), China's top
economic planner.
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Earth Times
May 14, 2008
GreenHunter Wind
Energy, LLC, a wholly owned subsidiary of GreenHunter Energy, Inc. announced
today its first wind energy development project outside of the U.S., located
south of Shanghai, China. The project has the potential to generate up to 300
MW of power and will be developed in partnership with two other parties,
Chem-Energy, Inc., a U.S. based developer and a Chinese based wind turbine
manufacturer, MingYang Wind Power Technologies.
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May 1, 2008
China aims to expand its wind power generating capacity to
100,000 MWs by 2020, more than doubling the current world's installed capacity.
The plan — 5 times the
previous target — was set forth by the National Development and Reform
Commission, China's
top industry planning body. China hopes to
have 15 percent of its electricity generation coming from renewable sources by
2020. Most of this is expected to come from hydropower and wind since solar
energy is still too costly.
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April 24, 2008
Aureos China Fund
(ACF) has invested US $5 million in the Chinese company Qingdao Land of State
Power Environment Engineering Co., Ltd (QGLD), a wind energy and environmental
protection company. ACF is an initiative of Aureos Capital, one of the leading
private equity fund management companies specialising in investing in small to
mid-cap businesses in emerging markets.
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April 11, 2008
The SK Group will increase investment into China's clean
energy, water treatment and wind power generation in the next few years. The
preliminary plan is to invest about 1 billion yuan into China's
environmental protection energy industry. SK is now actively investigating and
researching operations, such as water treatment and wind power generation; and
hopes to make full use of China's
abundant wind energy to generate electricity.
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April 2, 2008
The National
Development and Reform Commission (NDRC) has approved the project to establish
a 10 million-kilowatt wind power base in Jiuquan,
Gansu province. The tentative idea to set up a "wind
power" corridor in the Hexi corridor (the area west of the Yellow River,
an essential passageway along the Old Silk Road) is about to be realized.
Experts predict that Gansu province will
become China's
largest wind power generation industry zone within the next 10 years.
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Trading Markets
March 24, 2008
China's
installed capacity of wind power will hit 10 million kilowatt this year, and
the figure is expected to double in 2010, a senior official said. To develop
clean energy, China
will expand the installed capacity of nuclear power, making it account for more
than 5 percent of the national total power installed capacity by the year 2020,
said vice chairman of the National Development and Reform Commission Zhang
Guobao.
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