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:

  • 1H2019 China report shows solar curtailment rate of 2.4%, a 1.2% YoY decrease
  • Longyuan declares 0.65CNY/kWh for Shanghai Fengxian 200MW offshore wind project on-grid price
  • Hoisting of 3-Gorges Guangdong Yangjiang 300MW offshore substation is completed
  • Dongfang Electric develops China's first 10MW direct drive permanent magnet offshore wind turbine
  • Huaneng Lancangjiang Hydropower’s 1H2019 net profit reaches 2.8 billion CNY

 

 

1H2019 China report shows solar curtailment rate of 2.4%, a 1.2% YoY decrease

In 1H2019, newly installed capacity of solar in China totaled 11.4GW, of which 6.82GW was centralized and 4.58GW was distributed. With this newly installed capacity, the country’s total solar installed capacity reached 186GW, and its power generation, 107TWh. Total curtailment during this period amounted to 2.6TWh, a 0.57TWh year-on-year (YoY) decrease, with curtailment mainly concentrated in Tibet (25.7%), Xinjiang (10.6%), Gansu (6.9%) and Qinghai (6.3%). (NEA)

 

 

Longyuan declares 0.65CNY/kWh for Shanghai Fengxian 200MW offshore wind project on-grid price

Longyuan has declared an on-grid electricity price of 0.65CNY/kWh, 0.15CNY below the nationally established guiding price, for the Shanghai Fengxian 200MW offshore wind project, China’s first offshore wind project to undergo competitive bidding. The project is located in the northern area of Hangzhou Bay, at a Wind Power Class 3 site with annual average wind speed of about 7.2m/s, hub height of 95m and annual average wind power density of about 349.16W/m2. (Shanghai DRC)

 

The declared price has a 40% weight in the competition method. According to rules set by Shanghai DRC, the lowest bidding price can get a score of 40, while other bidders' prices will be scored relative to the lowest. However, the lowest price is not guaranteed to win the bid for the project; other influences include developer references and WTG capacity (see graph). If the lowest price is 0.65CNY/kWh, and the national guidance price is 0.8CNY/kWh, the project can get a score of 36.5. The remaining 3.5 points can be determined by WTG capacity (>6MW can get 5 points, ≥5MW can get 3 points, <5MW gets 0 points) and company references (references in at least 200MW of offshore wind farm in Shanghai can get 4 points, 100MW-200MW can get 2 points).

 

 

Hoisting of 3-Gorges Guangdong Yangjiang 300MW offshore substation is completed

The 3-Gorges Guangdong Yangjiang 300MW offshore booster station, located 28km west of Shaying, Yangxi County, Yangjiang City, has a water depth of 27-32m. Though successful, the construction of the station was reported as challenging due to harsh sea conditions and complex geology. (BJX)

 

 

 

Dongfang Electric develops China's first 10MW direct drive permanent magnet offshore wind turbine

The first domestic 10MW direct drive permanent magnet offshore wind turbine has been successfully developed by Dongfang Electric and will be sent to Fujian for installation in the Xinghua Bay Wind Farm. The company’s large-scale turbines are designed to adapt to the characteristics of offshore wind resources both at home and abroad, and use permanent magnet direct drive and full-power conversion technologies to provide active typhoon-resistant performance. (Dongfang Electric)

 

 

 

Huaneng Lancangjiang Hydropower’s 1H2019 net profit reaches 2.8 billion CNY

Huaneng Lancangjiang Hydropower has released its half-year report, stating an installed capacity of 23GW and a power generation capacity of 53.9TWh, a 57.13% YoY increase, for the first half of the year. The company’s operating income was 10.6 billion CNY, a growth of 63.66% YoY, and net profit attributable to the parent company was 2.8 billion CNY, which is up 224.77% YoY. The company’s infrastructure investment during the six months totaled 1.25 billion CNY. (stock)

Huaneng Xiaowan hydro plant 4.2GW


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