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:

  • Yangjiang DRC approves two Mingyang offshore wind projects
  • Jieyang DRC approves SPIC  Jieyang Shenquan II 350MW project
  • Data shows national wind total installed capacity reached 177GW by end of October
  • Imports less than or equal to 6MW now required to pay duties and value-added taxes
  • Reports show rapid development in grid side power storage

 

 

Yangjiang DRC approves two Mingyang offshore wind projects

The Development and Reform Commission (DRC) of Yangjiang, a city in China’s southern Guangdong Province, has approved two offshore wind projects to be owned and developped by one of the country’s largest private wind turbine manufacturer Mingyang.

  1. Mingyang Yangjiang Qingchuan VI offshore wind project: 500MW with 72 units of 7.0MW WTG each and total investment projected to be above 9 billion CNY.
  2. Mingyang Yangjiang Shaba 300MW offshore wind project: 300MW with 55 units of 5.5MW WTG each and total investment projected to be above 5.9 billion CNY (Yangjiang DRC)

Mingyang Yangjiang Shaba 300MW Wind Farm

AzureChinaCleantechNews03Dec2018 01

Mingyang MySE5.5-7.0MW Installation at Xinghua Bay

AzureChinaCleantechNews03Dec2018 02

 

 

The Mingyang MySE5.5-7.0MW platform is already being tested at the Three Gorges Xinghua Bay offshore demonstration project in Fujian. The technology is based on the same platform as the Mingyang 5.5MW turbine, and will be deployed in large volume in the Yangjian projects. Interestingly, these projects are being developed by Mingyang which is both private and a turbine manufacturer, which changes from the usual large state owned utilities which dominate most of the pipeline. Mingyang is also setting up a blade manufacturing base in Yangjiang’s High Tech Development Zone with a capacity of 230 blade set per year (with each set being made of 3 blades).

 

 

Jieyang DRC approves SPIC  Jieyang Shenquan II 350MW project

The Jieyang DRC has reviewed and approved phase two of SPIC’s Jieyang offshore project application. The project will have a total installed capacity of 750MW, divided into two phases, Shenquan I with 400MW and Shenquan II with 350MW. Shenquan I was approved in August earlier this year with plans to install 73 units of 5.5MW WTG. Shenquan II has plans to use 64 units of 5.5MW WTG. (Jieyang DRC)

AzureChinaCleantechNews03Dec2018 03

 

A large number of big wind farms are being approved in Guangdong this week. This is driven by a strong will from local governments to boost the local offshore wind industry, as well as by a rush to get projects approved this year in order to benefit from the 0.85 CNY/kWh tariff.

 

 

Data shows national wind total installed capacity reached 177GW by end of October

The National Energy Administration (NEA) has released data on the national power industry from January to October 2018. The numbers revealed that by the end of October, the national wind total installed capacity was 177.57MW. From January to October, wind utilization hours totaled 1,724 hrs, an increase of 172 hrs from the same period last year. (NEA)

AzureChinaCleantechNews03Dec2018 08

 

 

Imports less than or equal to 6MW now required to pay duties and value-added taxes

The Ministry of Finance has decided to revise relevant catalogues of import tax policies for major technical equipment according to the development of the domestic equipment manufacturing industry and its supporting industries in recent years. Among the revisions, it is now stated that imports of technical equipment of less than or equal to 6MW should pay an import duty and an import value-added tax. (MOF)

Imports of major technical equipment and catalogues not exempt from taxes:

AzureChinaCleantechNews03Dec2018 06

 

What is also suggested by the policy is that whole wind turbine systems of more than 6MW would not be subject to import duty and import VAT (which sum to more than 20%). Maybe an opportunity for foreign suppliers to sell large turbines in China ?

 

 

Reports show rapid development in grid side power storage

Since the beginning of this year, China's grid side energy storage has developed rapidly. At present, local governments and power grid enterprises in Jiangsu, Henan, Qinghai, Gansu and other regions are actively deploying grid side energy storage projects. According to statistics from the CNESA global energy storage project library, from January to September 2018, the installed capacity of electrochemical energy storage connected to China's power grid reached 150MW, of which 140MW was newly installed. (People)

AzureChinaCleantechNews03Dec2018 07


SUBSCRIBE TO CLEANTECH NEWS

* indicates required

Email Format

 

{{#image}}
{{/image}}
{{text}} {{subtext}}