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This presentation, given in March of 2007 by Sebastian Meyer of Azure’s Cleantech Research and Advisory team, focused on wind project financing for ongoing projects. Sebastian noted that at that time, China had installed 2.6GW of wind capacity with 1.4GW being installed in 2006 alone. On the question of finance, he said established wind developers had strong balance sheets, and would be able to finance projects with 80% debt and 20% equity. He also commented on the lack of foreign equity or institutional lending. He also said that lending to wind projects still made up a small piece of the larger Chinese power sector, where total power generation increased by 105GW in 2006, meaning wind was only 1.6% of the total.