Azure CEO speaks about China’s power market reform and opportunities for investors at China Wind Power 2019

Azure CEO speaks about China’s power market reform and opportunities for investors at China Wind Power 2019

On October 22, the annual China Wind Power (CWP) Conference in Beijing brought together government officials, investors and industry experts to share insights on the future of the wind energy industry inside and outside of China.

Renewables subsidy will remain in deficit in the near future

Renewables subsidy will remain in deficit in the near future

Chinese renewables subsidy will remain in deficit in the near future. The Chinese Ministry of Finance (MoF) has officially clarified that the central government will not consider increasing renewables electricity tariff surcharge as a solution to the deficit problem of renewables subsidy for the time being, as the state’s priority is to ease the burden on enterprises (electricity users). 

Zhangjiakou promotes development of hydrogen energy industry

Zhangjiakou promotes development of hydrogen energy industry

Zhangjiakou, a city in Northern China’s coastal province Hebei, has just announced strengthened efforts to help promote the development of the hydrogen energy industry.

Renewable energy accounts for one-fourth of installed capacity in Shandong

Renewable energy accounts for one-fourth of installed capacity in Shandong

The current total installed capacity of new energy and renewable energy in Shandong Province has reached 33.64GW, accounting for 24.7%, or nearly one-quarter, of the province’s total installed capacity.

Hubei DRC no longer approves project-specific FITs

Hubei DRC no longer approves project-specific FITs

For power generation projects of the coal-fired, hydro, wind, solar, agricultural and forestry biomass, biogas, and waste incineration type, the Hubei DRC will no longer issue project-specific approval of benchmark on-grid tariffs, a process which was previously required by a policy set by the National Development and Reform Commission (NDRC).

CSG Guangdong looks to invest in 1.9GW of energy storage projects in 2019-2020

CSG Guangdong looks to invest in 1.9GW of energy storage projects in 2019-2020

CSG Guangdong has revealed plans to invest in three domestic power generation energy storage projects with a total capacity of 1.9GW during 2019-2020.