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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
Renewables: Zhejiang Province Energy Supply Passes 25% Clean Energy Mark
Zhejiang Province, near Shanghai, reached a new milestone and announced 28.7% of its energy consumption is supplied by what it terms clean energy, which is essentially non-thermal energy sources. The figure amounts to 102 TWh annual comsumption, and comprises predominantly nuclear and hydropower sources. The chart below shows more detail. (BJX CN)
While this may sound underwhelming to some, of note is that Zhejiang added 24.3 GW of new installed capacity in the 12-th five-year plan period from 2011 to 2015, for a total installed capacity increase of 42%. Now thermal accounts for 62GW, hydro 10GW, solar 1.6GW, wind 1GW, and “other” 6.6GW.
Source: NEA, Azure International
Wind: Fujian Province Achieves 2GW Installed Capacity Wind Power
At the end of July, Fujian Province surpassed the 2GW marker for installed capacity of win power. The power is distributed over 41 wind farms and 1,110 turbines. The first seven months of 2016 produced 2.5 TWh of electricity from wind, implying a healthy capacity factor and low curtailment levels. (SGCC CN)
Fujian Province has a potential for around 12GW of wind capacity, and has made great strides to improve its renewable levels in recent years. Eleven years ago, Fujian had only 59 MW of wind power. China Three Gorges corporation made a strategic investment of 30 billion RMB to develop offshore wind manufacturing plant in Fujian, which we expect will make a dramatic impact on renewable penetration levels in and outside of Fujian in the coming years. Fujian has around 5.8GW of exploitable offshore wind potential.
Fujian offshore wind farm