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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Azure International

Tel: +86 10 8447 7053

Fax: +86 10 8447 7058

E-mail: info@azure-international.com

Policy - PRC State Council releases new policy suggestions for deepening electricity market reform: The PRC State Council released a very important document on March 15 – referred to as the #9 Document - outlining steps for electricity market reform. The policy suggestions, which are not yet official, contain a number of important goals. It aims to change the revenue model for China’s grid operators, by setting transmission and distribution prices based on cost + reasonable profit basis. This type of reform is already underway in Shenzhen and West Inner Mongolia. The government is seeking to allow multiple parties - including industrial parks, social capital investment companies, water and gas utilities, ESCOs and generators to compete as electricity retailers. This should unlock trading between generators and large electricity consumers as well as open the door for microgrid and distributed energy business models. The news of such significant reforms from one of the nation’s top policymaking bodies has sparked considerable media interest. However, many experts have cited a number of considerable obstacles to implementations. (ChinaSmartgrid CN)

Solar – NEA releases official 2015 national and provincial solar quotas: In February, Azure reported that the National Energy Administration’s suggested quota for 2015 would reach 15 GW. According to the finalized policy released on March 19, China will aim to

install 17.8 GW of solar in 2015 – 68% more than 2014. Unlike the February release, this new quota does not distinguish between distributed and central installations. It is important to note that the provincial installation numbers outlined in this policy represent limits on the amount of projects that are eligible to join the renewable energy subsidy catalogue – they are both installation targets and limits. Last year, China fell short of its installation target, installing 10.6 GW of its 14 GW target.(NEA CN)

Renewable Energy - NDRC releases new guidelines for regulating clean energy generation planning: A new NDRC policy released on March 20 seeks to better integrate renewable energy resources into provincial generation planning procedures. More specifically, it aims to improve the priority of renewable energy during generation dispatch and cross-provincial generation trading. It also calls for market-oriented consumption measures to encourage thermal power plants to provide peak generation. China’s current dispatch and planning approaches tend to heavily focus on inner-provincial balancing and thermal generation trading, so this latest policy should inspire greater focus on better incorporating RE into cross-province and cross-regional trade. In the long run, this should help lessen wind, solar and hydroelectric curtailment through improved operational practices. (NDRC CN)

Wind – Vestas announces 48 MW order for Fujian wind farm: Vestas will provide 24 V100-2.0MW turbines to long-time customer CGN Anxi Wind Power for its Fujian Anxi Longmen Wind Farm. Turbines are to be delivered during Q3 2015. The contract also includes a two-year Active Output Management (AOM) 4000 service agreement. This is Vestas’s third announced order in 2015, bringing its announced order total to 168 MW. CGN Anxi Wind Power has been one of Vestas’s best customers in the Chinese market, with 960 MW of Vestas wind turbines operating in the Chinese market. Vestas also works closely with Fujian Funeng Energy and will supply over 200 MW by the end of 2015. (Vestas EN)

Electric Vehicle – MIIT EV statistics shows continuing sales slump in February: After selling over 13,000 new energy vehicles per month during the last three months of 2014, sales dropped to 3,336 vehicles in January and stayed low at 3,421 vehicles in February. Also according to MIIT statistics, manufacturing dropped from 5,664 vehicles in January to 4,529 vehicles in February. Manufacturers appear to be adjusting to a temporary oversupply in the market by ramping down production. If sales numbers stay flat, China is on pace to sell around 40,000 new energy vehicles in 2015. Consumer demand is not keeping pace with policy goals. (MIIT CN)

Electric Vehicle – Ministry of Transport release new goals for China commercial EV market: According to a series of suggestions published by the Ministry of Transport on March 18, China’s total fleet of new energy buses, taxis and shipping vehicles should reach 300,000 vehicles by 2020. More specifically, new energy buses and taxis should achieve greater than 30% penetration, totaling greater than 200,000 vehicles. The suggestions also cover technology performance and lifetime requirements. The MOT’s ambitious development plan seems at odds with news released in late 2014 regarding the current status of commercial EV bus pilots. Citing high infrastructure costs and early battery failure, the Director of the National “863” EV Development and Battery Testing Center noted that local governments are abandoning their electric bus development in favor of dual mode trolley buses. (MOT CN)

Environment – Ministry of Environmental Protection modifies environment assessment approval process for generation and large industrial projects: On March 17, the MEP published a new policy redefining approval processes for thermal power plants, iron and steel, automotive and other projects. Specifically, these projects can now be approved at the provincial level. This policy is intended to lessen red tape associated with project approval processes while placing greater emphasis of provincial level evaluation and enforcement. (MEP CN)


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