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This picture shows the locations of presently installed wind farms currently in operation in China. Azure professionals maintain extensive data base of wind farms currently in operation, as well as those considered to be imminent development as well as potential long-term development.
Testing Sectoral Approaches in China | Download
This presentation, given by Sebastian Meyer at the Global Wind Power conference in October 2008, examined the historical development of China’s wind market. He then used that historical perspective to examine the ability of the Chinese wind market to continue to grow through 2011, looking at developer’s participation, capital market participation, government requirements through its Renewable Energy Law, as well as grid connection issues and capacity utilization of installed turbines. He found that it near-term demand is secure and on-target, but longer-term growth faces a growing number of challenges, especially the deficient amount of attention paid to actual electricity generated for the grid, measured in kWh, in favor of total kW installed.
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.