Welcome to Azure International

Azure International is a leading investment and advisory company focused on China's cleantech energy sector. Founded in 2003, we have a team of 20+ local and international professionals based in China with backgrounds in engineering, marketing, manufacturing, consulting, policy, government relations and finance. In addition to deep advisory capabilities in renewable energy, energy efficiency, carbon management, and energy finance, we have proven capability to invest in and accelerate the development of clean energy companies.  Our portfolio and partner companies have achieved both significant commercial success and returns to investors. Azure provides the necessary expertise and execution capabilities in China to lead relationship development with government and strategic partners, project execution, sourcing, sales and technology development – all with deep understanding of Chinese and international requirements.

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learn more about how we can collaborate, please

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Azure International

Tel: +86 10 8447 7053

Fax: +86 10 8447 7058

E-mail: info@azure-international.com

News Summary:

  • NEA publishes 2015 national renewable energy portfolio
  • Beijing imports 21 TWh of wind for March to July period
  • NDRC approves new UHV DC IMAR to Shandong line
  • Xi Jinping visits  State Power Investment Corporation

 

Policy: NEA Publishes 2015 National Renewable Development Energy Portfolio
The NEA released a report highlighting the end of year 2015 national renewable energy data. Total installed capacity of all renewable energy sources stood at 480 GW. The installed capacity and annual generation for each resource is shown below.

  • Hydro: 300 GW , 1,099 TWh 
  • Wind: 129 GW, 186 TWh
  • Solar: 43 GW, 39 TWh
  • Biomass: 10 GW, 52 TWh (NEA CN)

Total generation figures stand at 1,363 TWh, approximately 24.5% of total power demand. Excluding hydro, however, paints a less rosy picture of 278 TWh and 5% of total power demand. 
 
 
Power Generation (Outer Circle) and Installed Capacity (Inner Circle) Ratio by Generation Type, 2015 All of China

 

Source: NEA, Azure International
 

Read more: China Cleantech Update August 31, 2016

News Summary:

  • Shanxi government publishes electricity sales competition bulletin
  • NEA publishes July energy consumption data
  • China Electricity Council publishes January to June energy consumption data
  • Hunan publishes July energy consumption data

 
 
 
Statistics: Shanxi government publishes electricity sales price reform bulletin
The Shanxi government published its number 9 reformation document, focused on bringing in electricity competition to the regional market. Companies with over 20 million RMB registered capital can participate. The first payment rate will focus on providing capacity, as it is one of the easiest market transactions to provide, measure, and compensate for. (Shanxi Gov CN)
 
 
Requirements for Companies to Join Shanxi Capacity Payments Market

 

Source: Shanxi Government
 
 
 
Statistics: NEA publishes July energy consumption data
July saw an 8.2% month-on-month increase in energy consumption to 553 TWh, leading to a cumulative consumption of 3,329 TWh for the year to date. Year-on-year, January to July saw a 3.2% increase from 2015 levels.  Current installed capacity of energy generation is as follows:

  • Thermal: 1,021 GW
  • Hydro: 282 GW
  • Wind: 138 GW
  • PV: 44 GW
  • Nuclear: 31 GW

Energy consumption in July is speculated to have increased greatly due to the record high temperatures, reaching a national average of 27.7 , 0.9 higher than last year. (NEA CN)
 
Energy Consumption Data by Industry Segment, 2016 January to July

 

Source: NEA
 

 

Source: NEA 
 

Read more: China Cleantech Update August 24, 2016

News Summary:

  • State Grid forecasts 3.5% bump in consumption
  • Shaanxi solar cell manufacturing increases 85%
  • China Longyuan Power announces 11.2 billion CNY in 2016H1
  • China Shenhua announces 0.8 billion CNY in 2016H1

 

Statistics: State Grid Forecasts 3.5% Rise in National Electricity Consumption
State Grid announced a forecast increase of 3.5% in energy consumption levels for 2016 compared to the previous year. The first half of 2016 saw 2,780 TWh of demand, an increase of 2.7% over 2015. State Grid believes total consumption for 2016 will be up to 5,770 TWh. New installed capacity for 2016H1 include:

  • 27.1 GW thermal of 54 GW planned
  • 5.7 GW wind of 34 GW planned
  • 17.6 GW solar of 27 GW planned
  • 4.4 GW hydro of 11 GW planned
  • 2.2 GW nuclear of 4.9 GW planned

The top contributors of new capacity growth are from the following regional grids:

  • 25% from Huabei
  • 23% from Xibei
  • 15% from Nanfang
  • 13% from Huadong
  • 10%, 8%, and 6% from Huazhong, Donbgei, and Xinan (SGCC CN)

Typical growth is not typical in China — there have been consecutive growth years in the 10%+ range, followed by either a single digit contraction or flat growth. 3.5% is an aggressive growth number for an established energy base, however, for China, this is still a healthy level and we'll need a few more years of data to see if 3.5% represents the new normal. 
 
 
Distribution of New Installed Capacity for 2016


Source: SGCC, Azure International
 
 

 

Source: SGCC, Azure International
 
 

 

Source: SGCC, Azure International
 
 

Read more: China Cleantech Update August 18, 2016

News Summary:

  • Shanxi Province publishes consumption data for H1 2016
  • Zhejiang Province announces 25% non-thermal energy generation sources
  • Fujian Province announces 2GW wind power installed capacity

 
 
 
Statistics: Shanxi Province H1 2016 Energy Data Released
Shanxi Province data has been published for H1 2016. The data includes: generation, consumption, operations, and business entities. Energy generation levels for 2016 are in line with 2015 data, meaning from the energy-side, there has been no major downward pressure from macroeconomic trends. (NEA CN)
 
While generation levels remain healthy, underneath the surface we expect to see mid-term impacts from the lack of quality transmission lines in the region and demand growth. Azure is tracking the provincial markets for economic signals.
 
Figure: Shanxi Province Monthly Generation Data in 100s of GWh: 2016 H1 vs 2015

Source: NEA 
 

Read more: China Cleantech Update August 08, 2016

News Summary:

  • First half 2016 generation utilization hours published
  • Coal reduction reforms announced 
  • First half 2016 Jilin energy utilization rates published
  • Gansu strikes 1 billion RMB deal to integrate wind and 400MW storage
  • NEA publishes Dongbei electricity 2020 roadmap 
  • IMAR renewable energy generation January to May 2016 data released
  • Q1 to Q2 China energy consumption data release



Data: First Half 2016 Power Plant Utilization Hours Published
The NEA published the first half of 2016 utilization hours for power plants at the 6MW and above installed capacity. Average utilization hours for all power plants was 1,797 hours, a decrease by 137 hours (about 7%) from 2015 levels in the same time period. The table below summarizes the total installed capacity and utilization hours for the first half of 2016 and change relative to 2015 levels. (NEA CN)
 
While the average decreased, the utilization hours per province varies greatly. Yunnan and Sichuan provinces, for example, were at 1,441 and 1,377 hours, respectively. Due to the major difficulties integrated wind, lower user demand, and lack of sufficient transmission capacity, Xinjiang, Gansu, Jilin, and Ningxia provinces all had less than 680 utilization hours. Gansu is aware of this situation and, as discussed later, is attempting to increase utilization hours with a storage plant solution. 
 
Table: First Half 2016 Utilization Hours for 6MW+ Power Plants

Source: NEA 
 
 

Read more: China Cleantech Update August 02, 2016

News Summary:

  • China Longyuan Power Group power generate increased 5.4% 
  • Sungrow, Samsung SDI 2GW storage facility in operation
  • Paulson Institute report analyzes Jing-Jin-Ji renewable energy integration
  • BYD receives 2 billion RMB bus orders
  • Huadian to set 3 GW wind, 5 GW solar goal for next two years

 
 
Generation: China Longyuan Power Group Generation Increases by 5.4%
In the first half of 2016, China Longyuan Power Group (CLPG) increased ints power generation by 5.4%. CLPG is the 35th largest power company in the world. From January to June, CLPG generated 20,425 GWh of power. Key statistics include:

  • Wind power up by 8.6% to 15,409 GWh
  • Thermal down by 4.5%  to 4,688 GWh
  • Other renewables up by 15.5% to 328 GWh (CLPG CN)

Source: CLPG, Azure International
 
 

Read more: China Cleantech Update July 14, 2016

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