- NEA Releases Electric Power Sector Development Plan of the 13th Five Year Plan
- CNBM International Purchases Ukrainian Solar Farm Operator Neptune Solar LLC
- Gansu DRC Announces Completion of Jiuquan-Hunan ±800kV UHV DC Transmission Line and Construction of 200 MW Wind Farm in Tongwei, Gansu
13th Five Year Plan: National Electric Power Sector Development Plan Released by the NEA
On November 7th, the long-awaited Electric Power Sector Development Plan of the 13th Five Year Plan was released by the NEA. Although further details are slated for release at a later date, key takeaways from this release include:
- Targets for total electricity capacity by 2020 to reach 2 TW, up from 1.5 TW in 2015.
- By 2020 thermal power capacity should be "controlled" by adding 200 GW to a total capacity of 1.1 TW
- Non-fossil fuel capacity is planned to reach 720 GW or 30% of total capacity.
- Wind capacity is planned to reach 210 GW by 2020, including 5 GW of offshore wind.
- Solar capacity is slated to reach 110 GW, including 60 GW of distributed solar and 5 GW of concentrated solar. (NEA, BJX CN)
Along with renewable capacity expansion, the development plan includes concrete benchmarks for mitigating renewable curtailment, with the NEA calling for renewable curtailment to be limited to a "reasonable level" of 5%. National curtailment levels for wind and solar in 2015 were 15% and 13%, respectively. The plan also calls for implementing power trading spot market trials by the end of 2018, and a national rollout of spot markets by 2020.
Solar: CNBM International Purchases Ukrainian Solar Farm Operator Neptune Solar LLC
CNBM International Corp of China recently completed a 100% purchase of Ukrainian Solar farm operator Neptune Solar LLC. Neptune Solar has a photovoltaic (PV) park in Mykolaiv region with a capacity of 29.3 MW operational since 2013. The Antimonopoly Committee of Ukraine has already approved the deal with CNBM, and CNBM is said to be interested in other solar assets in Ukraine as well.(SEE)
We expected overseas acquisitions to continue as domestic PV projects face lower tariffs and stiff solar curtailment. The national curtailment rate for 2015 was 13%, however, provinces with higher solar penetration such as Gansu and Xinjiang have been experiencing curtailment rates as high as 32% and 33%.
(Ukrainian Solar Farm, Source:SEE)