News Summary:
- NEA publishes 1H2018 solar power installations
- HHI signs an offshore wind construction & installation contract with 3-Gorges
- Jiangsu power grid load exceeds 100 GW for second consecutive year
- China EV charging infrastructure annual report (2017-2018) published by NEA
- Shanghai Electric terminates acquisition of subsidiary of GCL-Poly
NEA publishes 1H2018 solar power installations
During the first half of this year, 24 GW of new PV capacity was installed. This includes 12GW of centralized PV, a decrease of 30% yr-on-yr, and 12GW of distributed PV, an increase of 72% yr-on-yr. The total installed PV capacity has now reached 154.5GW, about three quarters of which is centralized. (NEA)


In the first half of 2018, newly installed PV capacity in Shandong, Zhejiang, Henan and Jiangsu provinces all above 1GW, and the newly installed distributed photovoltaic installations in the four provinces accounted for more than half of the country.
HHI signs an offshore wind construction & installation contract with 3-Gorges
Huadian Heavy Industries (HHI), a subsidiary of Huadian Group, won the bid for the first batch of foundation construction and installation of 38 wind turbines as well as an offshore high voltage substation for the 3-Gorges Guandong Yangjiang Xishaba 300MW offshore wind project. The contract is worth 1 billion CNY.(Finance Sina)

Source: Yangjiang GOV
Jiangsu power grid load exceeds 100 GW for second consecutive year
On August 8, Jiangsu Power Grid load reached 102.26 GW, breaking last year's record of 102.19GW. From January to July this year, total power consumption in Jiangsu reached 349.5TWh, an increase of 6.78% yr-on-yr. Appoximately 22% of this power demand was produced from renewable energy sources.(CEC)

China EV charging infrastructure annual report (2017-2018) published by NEA
777,000 electric vehicles were sold in China in 2017, an increase of 53.3% year-on-year, allowing EV market share to reach 2.7%. In 2017, there were 214,000 public charging stations and 232,000 private charging stations. Construction of another 600,000 charging stations is in planning, including 100,000 public and 500,000 private. (NEA)

Highway power charging network
Shanghai Electric terminates acquisition of subsidiary of GCL-Poly
In June this year, Shanghai Electric announced its intention to acquire 51% of Jiangsu Zhongneng, a subsidiary of GCL-Poly (HK3800) focused on high-purity polysilicon production, for 12.7 billion CNY. Shanghai Electric now terminates the acquisition procedure. (Finance Sina)
The acquisition was cancelled due to changes in the photovoltaic situation since the second half of the year. Especially after the “531” PV New Deal, the two sides have different judgments on the trading conditions and the future development prospects of the PV market.