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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News Summary:

  • Liaoning: 1.5 GW offshore wind
  • EDP rejects €9.1 billion offer from Three Gorges Group
  • 300 MW offshore wind in Guangdong
  • 30 MW energy storage system

 
Dalian City announced 1.5 GW offshore wind farm project

Dalian City (Liaoning province) has recently approved 200 MW of onshore wind, 600 MW of offshore wind and 40 MW of photovoltaic power generation projects. Dalian Development and Reform Commission has also announced a plan to develop 1.5 GW of offshore wind power in Zhuanghe sea area. (BJX)
 
As the most Northern of the ten Chinese coastal provinces, Liaoning also has significant offshore wind ambitious, and its own technical challenges, such as low temperatures and ice conditions. Dalian city was home to Sinovel, once a leading Chinese wind turbine manufacturer. It is yet unknown whether the local  manufacturer will get a chance to participate in said project.
 
 
EDP rejects €9.1 billion offer from Three Gorges Group

On May 14th, Portugal’s largest power company EDP (Energias de Portugal) rejected Three Gorges’ 9.1 billion € acquisition offer. Three Gorges Group became EDP’s shareholder in 2011, acquiring 21,35% of the company for 2.69 billion €. Currently, Three Gorges is the largest of EDP’s shareholder and just made an offer to requiring all remaining shares. According to Bloomberg, although the Portuguese government was satisfied by Three Gorges Group's offer, it has not received the support of EDP shareholders. (CHINAWINDNEWS)
 
 

Read more: China Cleantech Update May 24, 2018

News Summary:

  • Jilin: 35.5% wind curtailment ratedrop in Q1
  • Henan: 5.5 GWwind power construction in 2018
  • Hebei: 4.3 GW of decentralized wind power projects
  • Yunnan: two-part electricity prices flexibility
  • Asia's largest offshore wind farm connects to the grid in Jiangsu
  • 400MW offshore wind farm project in Guangdong province


 
Jilin: 35.5% wind curtailment rate drop in Q1

In the first quarter of 2018, wind curtailment in Jilin Province has decreased by 35.5%. During the same period last year, the province had the worst curtailmentin the country with a rate of 44%.Thanks to new UHV DC projects that came in operation in February 2018, in less than 2 months, Jilin has been able to export a total of 1.78 TWh of clean energy. In 2018, the province plans to control wind curtailment rate within 15%, and within 12% in 2019 and 10% in 2020. During the first quarter of this year, Heilongjiang Province also registered strong improvements, with a curtailment reduction of 27.8% compared to Q1 the previous year. (CHINA WIND NEWS)
 
The provinces in the north of China are focusing on reducing wind curtailment. In 2016, NEA added Jilin on the red alert zone list, suspending construction of new wind farms. The province is increasing power exportations in order to increase power plants utilization hours. If it can achieve its objectives, Jilin should be able to get off the red ban list within a few years, which would be great news for the developpers that have projects in standby in the area .
 

Henan province announces 5.5 GW of wind power construction in 2018

On May 8, Henan province issued the "2018 Wind Power Construction Scale Notice." This year,the province plans to develop 5,5 GW of wind powers projects, with a 50 MW minimum power unit size. (BJX)
 

Source: Azure International
 
Henan is seeing increasing investment in wind power. Almost 30 different projects have been approved, with an installed capacity varying between 50 MW and 350 MW..

Read more: China Cleantech Update May 18, 2018

News Summary: 

  • Shandong, renewables account for 20% of new installed capacity
  • 6.4 TWh nuclear power transmission in Fujian province
  • 1.52 GW offshore wind in Zhejiang Province
  • The world’s largest water, wind and solar multi-energy complementary project
  • Beijing is increasing inter-regional power tradings


Shandong, renewables account for 20% of new installed capacity

Shandong is speeding up the establishment of a clean energy supply system. On April 26th, State Grid Shandong Electric Power Co. announced that the province's renewable energy installed capacity has reached 26.04 GW, accounting for 20.7% of total installed capacity and, by the end of 2020, it is expected to reach 31 GW. Moreover, Shandong has recently actively promoted the construction of UHV transmission channels that,up to now, have guaranteed an incoming 400 GWhof energy,allowing to save the equivalent of 180 million tons of coal consumption. By 2019, the 1000 kV Shandong-Hebei UHV project will be completed and put into operation, andby 2020, Shandong’s grids expected to be more than 30 GW incoming power. (CEC)

Shandong is actively incentivizing clean-energy and cross-regional market transactions. Renewables capacity is expected to increase by 16% in less than 2 years. The province is currently promoting non-coal energy sources.The premium localization between Beijing and Shanghai offers huge potentialities for energy tradings. The development of UHV transmissions channels will generate high opportunities also for the neighboring provinces.

 

6.4 TWh nuclear power transmissions in Fujian province

During the first quarter of this year, Fujian province consumed 10.8 TWh of energy. Nuclear power delivered 6.4 TWh, two times the production registered during the same period of 2017. The total installed power capacity reached a 55.97 GW value, with clean energy accounting for 54.5%, and nuclear energy accounting for 8.71 GW, 15.6% of total, ranking second in the country. Moreover, the 1000-kV UHV T&D project between northern Zhejiang and Fuzhou has been put into operation, increasing power grids exchange capacity from 1.7 GW to 4.5 GW. (BJX)

Renewable energy is currently accounting for more than half of installed power capacity in Fujian. During the first quarter of 2018, nuclear power satisfied almost 60% of transactions in the province. Renewables are expected to represent a solution to support the continuous growth of demand in the area.Distribution networks development will support new power stations construction, offering the possibility to rely on other provinces demands and increasing power plants utilization hours.

Read more: Azure China Cleantech Update May 8, 2018

News Summary:

  • Completion of the Fujian Xinhua Bay offshore wind demonstration project
  • China's first provincial offshore wind data centre
  • 38.5 TWh direct power trading in Liaoning province
  • 2.5 % Electricity price drop in Hubei province

 
Completion of the Fujian Xinhua Bay offshore wind demonstration project

The Xinghua Bay offshore test wind farm has been inaugurated in Fujian Province. The project has been completer with a total investment of 1.47 billion RMB and is composed of 14 wind turbines, produced by 7 manufactures, with a total 80 MW installed capacity. During the first 4 months of operation, the plant has performed with an average availability of 99.3%, 417 average monthly utilization hours and a cumulative power generation equal to 17.7 GWh. (IN-EN)
 
Results of the Three Gorges demonstration projects are well awaited by the whole industry as it features a few new turbines, all above 5MW and with a mix of well known domestic players (Goldwind, Mingyang, XEMC, CSIC), international players (GE and Siemens) as well as relatively new players (Taiyuan Heavy Industry). The CAPEX of 18,375 RMB per kW is high compared to other offshore wind farms but very reasonable for a demonstration project which is more complex and costly in nature.

Read more: China Cleantech Update May 02, 2018

News Summary:

  • NEA promotes distributed wind
  • 7 MW wind turbines in Putian
  • Three wind projects will expire in Guangxi Zhuang Autonomous Region
  • NDRC price reduction measures
  • 2018 Energy consumption analysis
  • Shandong Province 110 key projects

 
 
The National Energy Administration promotes social capital investment in wind distribution
National Energy Administration issued the “Interim Management Measures for the Development and Construction of Distributed Wind Power Projects”, valid for the next 5 years. In order to be elligile as "distributed", a wind project must satisfy the following requirements:

  1. Connect to grid at 110 kV or less;
  2. Distributed wind power plants with access voltages of 35 kV and below shall fully utilize existing substations and grid facilities;
  3. Distributed wind power plants with a voltage level of 110 kV (66 kV in the northeast region) can only have one grid connection point and a total capacity within 50 MW.

All wind power projects that satisfy the requirements will have priority in securing subsidy payments. (NEA)
 
Currently, centralized (non-distributed) wind projects have to wait in line to be included on the NEA subsidy list, sometimes for many years. The new policy which simplifies the development process and offers bettter guarantees to project owners was greatly awaited by the whole industry, with hopes that it will help boost the installations in coming years, which was greatly expected by small developpers as well.   
 
 
The first 7 MW wind turbines will be installed in Putian

On March 26, China Railway Fuchuan Co. won the bid for the installation of 10 sets of 7 MW wind turbines in the “Fujian Pingtan Offshore Wind Farm in Putian”, with a contract of 34 million RMB. (chinanews)
 
The 7MW machines to be supplied by ShangHai Electric under a license with Siemens are the largest wind turbines in China so far.
 

 

Source: Fujian Fuchuan Investment Co
 
 

Read more: China Cleantech Update April 23, 2018

News Summary:

  • 7 GB UHV Wind Power Transmission Base will be built in the Xilin Gol League
  • Analysis of UHV energy transmission efficiency
  • Mingyang wins 300MW offshore wind order in Guangdong
  • 303.4 million RMB wind power production equipment purchasing
  • Apple supports renewable energy in China
  • UHV construction to support Smart Cities

 
 
7 GB UHV Wind Power Transmission Base will be built in the Xilin Gol League

On March 19, 2018, Xilin Gol DRC announced the construction of a new UHV Wind Power Transmission Base in the Xilin Gol League. The project is aimed at supporting export of power produced in the Xilin Gol League power base which will including 7 GW of wind power. (Xilin Gol League DRC)
 
The line will connect via lower voltage lines to wind farms in 8 cities, guaranteeing grid offtake and tackling the high wind curtailment problem in North China. This will in turn enable new growth for Xinlin Gol league in which new large wind farms are planned.
 

Source: North China Electric Power University, Beijing 102206, China

Read more: China Cleantech Update April 16, 2018

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