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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News Summary:

  • Q3 2018 report shows China boosts grid-connected offshore capacity by 1,020MW
  • Fujian DRC approves Fujian Putian City offshore wind farm
  • SPIC Dafeng H3#300MW offshore wind farm first 6 WTG units connected to the grid
  • 2017 wind power generation average on-grid price decreases 0.43% YOY
  • CIP & Century Group sign 16.5 billion TWD offshore wind foundation contract
  • Baoxin Energy and CGN sign MoU for 1,400MW offshore wind project
  • NEA publishes letter promoting non-subsidized PV & Wind on-grid work
  • NEA data show national wind power utilization hours increase 167hrs by end of August

 

Q3 2018 report shows China boosts grid-connected offshore capacity by 1,020MW

By the end of Q3 2018, China’s yearly installedwind capacity reached 12,610MW, a 30% year-on-year (YOY) increase. Total wind generation capacity in China was 267.6TWh, a 26% YOY increase. For China’s grid-connected offshore wind, there was 1,020MW newly added capacity, mainly concentrated in Jiangsu (920MW) and Fujian (90MW) provinces. (NEA)

AzureChinaCleantechNews15Oct2018 04

AzureChinaCleantechNews15Oct2018 05

 

 

Fujian DRC approves Fujian Putian City offshore wind farm

Fujian Putian City offshore wind farm will be located in Xinghua Bay, with plans to set 40 units of 5.0MW WTG. Project details – distance from shore: 3km; depth range: 5 to 15m; total investment: 3.44 billion CNY.

 AzureChinaCleantechNews15Oct2018 06

 

 

 SPIC Dafeng H3#300MW offshore wind farm first 6 WTG units connected to the grid

The 75-unit 4.0MW WTG SPIC Dafeng H3#300MW offshore wind power project has been successfully connected to the grid. The project is located in Yancheng City’s Binhai County in Jiangsu Province. Project details – distance from shore: 36km; depth range: 17.9 to 18.3m; sea area: 46km2; total investment: 4.96 billion CNY (excludes onshore investment) (CEC)

 AzureChinaCleantechNews15Oct2018 01

Before this project, SPIC already had two offshore wind farms completed and in operation.

SPIC Binhai North H1# - 25 units 4.0MW WTG operating in May 2015

SPIC Binhai North H2# - 100 units 4.0MW WTG operating in June 2018

 

 

2017 wind power generation average on-grid price decreases 0.43% YOY

The 2017 national wind power generation average on-grid price was 0.5623CNY/kWh, a 0.43% YOY decrease. Shanghai’s average on-grid price, ranked the highest, was 0.7519CNY/kWh, whereas Yunnan’s was only 0.4238CNY/kWh. (Average on-grid price = power sale income / on-gird power * 1.17 including TAX) (NEA)

AzureChinaCleantechNews15Oct2018 02

 

 

CIP & Century Group sign 16.5 billion TWD offshore wind foundation contract

The Copenhagen Infrastructure Fund (CIP) and Century Group (Century) signed an Offshore Wind Foundation Contract for 16.5 billion TWD on October 2. CIP Zhangfang and CIP Xidao, which have a total capacity of 600MW and more than 60 units of offshore wind foundations, will be handed over to Century Group, making it the highest single contract in the history of offshore wind power in Taiwan. (CIP tw)

CIP Taiwan offshore projects

AzureChinaCleantechNews15Oct2018 03

The project is based on Taiwan’s goal to remove nuclear power plants by 2025. Taiwan wants to install a 520MW offshore wind farm in 2020 and a total of 3,000MW offshore wind farms by 2025. In phase I of CIP Zhangfang offshore wind farm, 100MW will be operating in 2021, and in phase II, 452MW will be operating in 2023. For CIP Xidao offshore wind farm, 48MW will be operating in 2024.

 

 

Baoxin Energy and CGN sign MoU for 1,400MW offshore wind project

Baoxin Energy has announced the signing of an MoU with CGN for a 1,400MW offshore wind project. The two sides will negotiate a cooperation agreement based on the letter of intent for cooperation. According to the letter, the two sides intend to jointly develop the Shanwei Jiazi Offshore Wind Farm (900MW) and the Shanwei Houhu Offshore Wind Farm (500MW). After the Shanwei Houhu (500MW) Offshore Wind Farm project is approved, Baoxin Energy and CGN will establish a JV in which CNG will hold 80% and Baoxin 20%. (Sina Finance)

Shanwei Houhu 500MW project sea area diagram.

AzureChinaCleantechNews17Sep2018 02

 

CGN is a large clean energy group. By the end of 2017, CGN had 21,470MW of nuclear plants in operation, 10,270MW under construction, more than 11GW of wind installed, and more than 2GW of PV installed.

 

 

NEA publishes letter promoting non-subsidized PV & Wind on-grid work

In the context ofon going Photovoltaic (PV) & Wind technology advancement and cost reductions, the National Energy Administration (NEA) announced that it will further promote the acceleration of renewable energy development and competitiveness, and eliminate subsidy dependence as soon as possible. Non-subsidized PV & Wind projects will be approved by local governments and should sign long-term contracts with local power grid companies with curtailment levels below 5%. In this notice, NEA also announced plans to promote direct trading in PV & Wind. In direct trading, PV & Wind developers and customers negotiatean on-grid price and pay a T&D (Transmission and Distribution) price to the power grid company. (BJX)

Non-subsidized renewable energy direct trading.

AzureChinaCleantechNews17Sep2018 05

For illustration, wind farms connected in type I wind resource areas (mostly in North, NE and NW China) can currently receive a subsidized on-grid tariff of 0.4CNY/kWh, whereas thermal power plants in the same region receive between 0.25 and 0.30 CNY/kWh. However these same wind farms often face severe curtailment, with up to 30% of possible production lost because of grid off-take challenges. .

 

 

NEA data show national wind power utilization hours increase 167hrs by end of August

The National Energy Administration (NEA) has released statistics on the national electricity industry for January to August. Between January and August, national power consumption was 4,529.6TWh, a 9% YOY increase. During this period, there was also 10.26GW of newly installed wind capacity with 1,412 utilization hours. (NEA)

Azure has summarized some of the key data in the graph below:

AzureChinaCleantechNews17Sep2018 03

AzureChinaCleantechNews17Sep2018 04

 


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