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Noether Associates--China Renewable Energy Resources
 

Noether Associates--China Renewable Energy Resources

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A general description of China Renewable Energy Resources. Done in Jan 2010. For more info about Noether, please check www.noetherassociates.com

A general description of China Renewable Energy Resources. Done in Jan 2010. For more info about Noether, please check www.noetherassociates.com

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    Noether Associates--China Renewable Energy Resources Noether Associates--China Renewable Energy Resources Presentation Transcript

    • An Overview of China Renewable Energy Resources
    • Table of Contents Storage and Usage of Renewable Energy in China P1 Technology Development & Commercialization P2 Renewable Energy in China’s Energy Structure P3 Renewable Energy in China’s Power Industry P4 Government Support P5 Investment Opportunity Open for Foreign Capital P6 www. noetherassociates.com
    • Storage and Usage of Renewable Energy in China China is rich in wind power, hydropower, solar energy, and biomass energy. Current usage of renewable energy can be contributed most to power generation. Wind Power Hydropower Biomass Energy Geothermal Solar Energy Potential Usable Installed Capacity1: Installed Capacity1: 540 Caloric Value1: Installed Capacity1: 6 Caloric Value2: Resource 1000 mm kw mm kw 500 mm ton mm kw 2,300,000 mm ton Standard Coal Standard Coal Caloric Value1: 3300 mm ton Standard Coal Usage Areas Power Generation Power Generation Power Generation Power Generation Solar energy power generating Bio-fuel Direct Use of Hot Water Solar water heater Earth Source Heat Solar building Pump Source: 1. Middle- and Long-Term Renewable Energy Plan; 2. Report on the Development of China's Wind Power Generation Industry, 2009 www. noetherassociates.com 1
    • Technology Development & Commercialization China’s ability in R&D and facility production are generally weak in all sub-industries beside hydropower generation, solar energy, and marsh gas. Regarding wind power, only generators with small capacity could be domestically produced currently. # of Commercialized # of Demonstration & # of Projects under Projects Promotion Projects R&D Solar Energy 6 1 8 18 2 Wind Power 2 3 16 2 Hydropower 2 4 Biomass Energy 1 1 6 5 Geothermal Energy 5 4 Ocean Energy 1 1 Maturely Commercialized Projects Domestic R&D Almost Commercialized Project Foreign Technology may be Imported Commercializing Projects Source: Catalogue for the Guidance of Renewable Energy Industry Development www. noetherassociates.com 2
    • Renewable Energy in China’s Energy Structure Renewable energy accounts for less than 10% of the entire energy structure in China. In its 11th “5 year plan”, China’s target is to have the amount of renewable energy use to reach 219mm tons of standard coal in 2010, among which hydropower is a large sub-industry that will develop. Structure of Energy Consumption in China Equal to 1 million tons of Standard Coal 3,000 2,700 2,500 2,247 Other 2,000 Resources 6% 1,500 1,386 1,000 500 Hydropower 94% 86 141 194.4 0 2000 2005 2010(E) Renewable Resource Non-renewable resource Source: 11th Five Year Energy Plan www. noetherassociates.com 3
    • Renewable Energy in China’s Power Industry In 2008, renewable energy accounted for 16.82% of the power industry in China. Hydropower has been put into large scale of usage, and is producing power with a lower price than thermal power, while wind power is still facing technology and management challenges. Solar power and bio power are not largely involved in the market yet, although they have been put into usage in some independent regions. Structure of Power Industry Wind Power Industry Chain and Problems Faced in China, 2008 Technology Weak domestic R&D force Development Nuclear Power Equipment Over investment risk 2.00% Manufacture Dispersed equipment vendors Thermal Hydropwer Power 16.45% 81.18% Site Selection Site selection and resource estimations not accurate Wind Power Project Power generated not stable 0.37% Management Current projects are losing money Total=3.42 Trillion kwhr Power Generation locations are dispersed Delivering National power system is not ready for new power delivery End User Higher price than paralleled thermal power Source: Report on the Development of China's Wind Power Generation Industry, 2009 www. noetherassociates.com 4
    • Government Support The Important targets of the 11th “5 year plan” include hydropower, wind power, bio-energy, and solar power, among which those are given clear financial support are diagramed below. The development and construction of new rural energy projects is also emphasized. Government Golden Sun Demonstration Project Financial Support Implementation time 2009--2011 Total subsidies (power) 500--640 MW Total subsidies (capital) RMB 11--14 billion Replacement Building Heating Power Generation of Oil and Cooling Bio-fuel Ethanol Solar Energy Solar Energy Bio Diesel Geothermal Energy Wind Power Grid-connected photovoltaic power generation could be reimbursed 50% of the total investment Independent photovoltaic power generation systems in remote areas without electricity could be reimbursed Ocean Energy 70% of the total investment Source: Interim Measures on Special Fund Management for Development of Renewable Energy www. noetherassociates.com 5
    • Investment Opportunity Open for Foreign Capital Foreign capital is encouraged in new energy industry in China. Projects highlighted in blue also fit the target of 11th “5 year plan”, thus could be better supported politically by the government. Key projects of the 11th “5 year plan” Encouraged New Energy Projects for Foreign Investment Production of special equipment for manufacturing solar cells Solar energy development and Solar Energy Solar cells, Fuel cells utilization Production of solar air-conditioner, heating system, solar drying device Bio-diesel Production of biomass drying pyrolysis system and biomass gasifier Bio Energy Bio-fuel Ethanol Biomass energy technology development Solid biomass briquette Production of set equipment or critical equipment for new energy power generation (Limited to joint venture, cooperation): − photovoltaic power − wave power − methane power − waste power Biomass power generation in − above 1.5 MW wind power − tidal power Agriculture and Forestry − geothermal power Power Methane power generation Generation Construction and operation of new energy power generation, including: Large Wind Turbine − solar energy − tidal energy − wind energy − wave energy − Biomass energy − magnetic energy − geothermal energy Construction and operation of hydroelectric-based power generation New high-performance hydrogen storage materials Hydrogen Production of hydrogen preparation and storage device and inspection system Production of new energy engine Source: Catalogue for the Guidance of Foreign Investment Industries (Amended in 2007) 11th Five Year Energy Plan ; www. noetherassociates.com 6