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.

Contact Info

For further enquiries or if you are interested to

learn more about how we can collaborate, please

contact us directly at:

Azure International

Tel: +86 10 8447 7053

Fax: +86 10 8447 7058

E-mail: info@azure-international.com

News Summary:

  • 152MW Jiangsu offshore windfarm gets partial grid connection
  • Chinese firm gets another EPC project in Africa
  • 2015 annual power plant utilization hours released
  • Inner Mongolia company signs 300MW wind farm development agreement

Offshore: China General Nuclear Connects Part of 152MW Offshore Wind Farm
China General Nuclear, the largest nuclear power operator in China, achieved grid connection for six of its 4MW offshore wind turbines. The Jiangsu Rudong 152MW offshore wind farm is 10km from shore, while water is at a maximum depth of 10-15 meters. (Xinhua CN)
CGN plans to connect 38 4MW offshore wind turbines using simple monopile foundations.  The 152MW offshore farm is forecast to produce 400GWh of power annually, equivalent to a coal power plant using 131kt of standard coal which would emit 267kt of CO2.  

Figure: A monopile offshore wind turbine.
Source: Takungpao

Wind: New Wind Power EPC Project in Kenya
China Machinery Engineering & Construction Co (CMMEC) signed a deal with Kipeto Energy Limited, a Kenyan wind power development firm, to built 102MW of wind power. The contract comes with a 220kV power transmission line and will take two years to complete. The deal is worth US$221 million. (Sina CN)
CMMEC signed a memorandum of understanding with General Electric to develop and finance US$2 billion  worth of clean energy projects under Power Africa, an initiative founded by US President Barack Obama in 2013. In the Kipeto deal, CMMEC is responsible for a package of services including  project design, construction, and commissioning. Financing and building major infrastructure projects in Africa is a growing export area for Chinese companies. 
Generation: 2015 Power Generation Utilization Hours Released
Power generation utilization hours data has been released for 2015. Average utilization hours across all generation sources was 3,969 hours, a reduction of 349 hours from 2014 levels, and the lowest level since 1978. The utilization hours by source were:

  • hydro: 3,621
  • thermal: 4,329
  • nuclear: 7,350
  • wind: 1,728

The year over year change was negative for all major generation technologies (NEA CN). 

Figure: Utilization hours of hydro, wind, and thermal, 2011-2015
Source: NEA

Thermal utilization hours continue to decline, reducing asset owner's return prospects. Overcapacity is a short-term problem as the slowing economy means that demand is not keeping up with new installed capacity, and we should expect to see similarly low utilization hours next year. Azure analysis suggests that in some areas, low thermal utilization rates influences higher curtailment rates for wind and solar despite take-or-pay legislation that is supposed to ensure that wind utilization rates should be a function of resource and power curve. 
Wind: Inner Mongolia Company Sign 300MW Wind Farm Development Agreement
Inner Mongolia Mingyang New Energy and the government of Baotou, the largest industrial city in Inner Mongolia, signed a 300MW wind farm development agreement. Total investments will amount to around 1 billion RMB. (China Wind News CN)


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