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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Azure International

Tel: +86 10 8447 7053

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E-mail: info@azure-international.com

Electric Vehicle - New MIIT EV data shows abysmal January sales: Since September 2014, the Ministry of Industry and Information Technology has been tracking electric vehicle production and sales. It’s most recent release shows a significant drop in January vehicle sales and growing inventories at EV manufacturers. In January, China the MIIT tracked 3,336 EV sales compared to 39.421 sales during the last three months of 2014 (averaging 13,140 vehicles per month). January’s sales numbers are down 75% from the monthly average, led lower sales in Shanghai, Jiangsu and Beijing. January’s production versus sales data reveals a similar problem. China manufactured 5,664 vehicles but only sold 3,336 vehicles. The industry has quickly reversed from undersupply to oversupply. Industry players will need to pay close attention to ongoing developments to understand if this is a short term blip or a sign that China’s electric vehicle market is not yet primed for growth. (MIIT CN)
 
Electric Vehicle – Beijing doubles electric vehicle license quota, sales still slow: The Beijing government officially doubled its quota for electric vehicle license plates in 2015 to 20,000 vehicles.  Consumers purchasing electric vehicles will not be part of the traditional vehicle application process, in which license plates are awarded through a publicly held lottery. For traditional vehicles, the pool of applicants well

exceeds the quota with2.27 million people competing for only 17,600 annual licenses. In contrast, the applications for EV licenses are well below the quota, resulting in near immediate approval. Thus far in 2015, the government received 2139 applications for 4526 available EV licenses. The lack of charging infrastructure remains the most commonly cited challenge to EV adoption. (Sina CN)

 
Coal - China coal consumption falls in 2014, first time in 14 years: According to official data released by the National Bureau of Statistics on February 26, coal consumption dropped 2.9% in 2014. Domestic coal production dropped by 2.5% and imports dropped by 10.9%. In contrast, overall energy consumption grew 2.2%. Crude oil consumption grew 5.9% and natural gas consumption grew 8.6%. China’s waning coal consumption can be attributed to a number of factors. With regard to electricity generation, hydroelectric utilization hours surged 20% higher than the five year average in 2014 contributing to a 24% drop in thermal utilization hours compared to the five-year average and leading to a 0.3% drop in overall electricity produced by thermal generation. Within the industrial sector, China’s steel, caustic soda and cement producers lowered energy consumption per unit output by 1.65%, 2.33% and 1.12% respectively. While 2013 will not likely mark the peak of China’s coal consumption, it has provided an early alert to coal miners and investors that they need to start diversifying into other sectors. (NBS CN)
 
Carbon - China’s carbon pilots trade 15.68 million tons CO2, worth RMB 570 million in 2014: According to information released by the NDRC on February 17, carbon trading in China’s seven pilot regions reached nearly 16 million tons of CO2 in 2014. China’s seven regional carbon markets are expected to expand nationally by 2016 but still have a number of growing pains to be overcome. (TanPaiFang CN)
 
Gas - NDRC lowers natural gas prices for non-residential customers: On February 28, the National Development and Reform Commission announced that it will lower the maximum citygate price by RMB0.44/m3. The new prices range from as low as RMB1.85/m3 (~US$8.1/MMBTU) in Xinjiang to as high as RMB2.88/ m3 (US$12.6/MMBTU) in Shanghai and will become effective on April 1, 2015. (NDRC CN)
 
Solar - Hanergy raises US$705 million through sale of 1.5 billion new shares to Macrolink New Resources: On February 26, China’s leading manufacturer of thin film PV announced a share subscription agreement with Macrolink New Resources. Macrolink also agreed to buy US$198 million in production equipment for BIPV and signed a larger contract for Hanergy services totaling US$462 million. This cash infusion should help Hanergy, whose financial health was questioned by the Financial Times newspaper last month. (Forbes EN)
 
Wind – Goldwind profits jump 328% in 2014: Goldwind preliminarily announced that its operating revenues jumped 43.84% to RMB 17.7 billion and that net profit jumped 327.85%. Goldwind attributed its overall improvement to increased operating revenue, improved cost control and disposal of assets and liabilities of some of its subsidiaries. According to CWEA statistics, Goldwind’s domestic installations jumped 18% to 4.43 GW in 2014. In its Q3 2014 report, Goldwind claimed 4.83 GW in outstanding orders and 4.01 GW in projects in the contracting phase.  (Goldwind EN)
 
Energy Efficiency - MIIT releases “2015 Industrial Energy Conservation Supervision Plan”: The Ministry of Industry and Information Technology released its plan to drive industrial energy efficiency improvements in 2015. Specifically, it will continue to push the adoption of tiered electricity prices for aluminum and cement industries and will strengthen standards enforcement and monitoring of coal-fired boilers. It will also work with localities to establish and enforce energy consumption limits. (MIIT CN)
 
Outbound Investment - China to collaborate with Pakistan on 3.6 GW in generation projects: According to Pakistan’s Federal Secretary of Water and Power Younus Dhaga, Pakistan is planning to collaborate with China on 3.6 GW of electricity generation and receive as much as 3 GW in power imports from China. (CustomsToday EN)
 
Environment - New head of Ministry of Environmental Protection announced: On February 27, the NPC Standing Committee voted to appoint Chen Jining as the new Minister of the MEP. Mr. Chen had previously served as the President of Tsinghua University and was a professor within the Environmental System Analysis Division. He has a PhD in Environmental System Analysis from Imperial College London. (BJX CN)
 
Environment - NDRC releases guidelines for low carbon community pilots: On February 25, the NDRC released new guidelines for both rural and urban low carbon community pilots. The 45 page document contains technology adoption goals for green building, transportation, energy, water, waste disposal systems. China’s work to develop low carbon and eco-cities has suffered from uneven implementation, with some cities only focus on one or two technology implementations. These new guidelines should encourage more unified and comprehensive development of low carbon concepts across all aspects of infrastructure. (NDRC CN)


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