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

Fax: +86 10 8447 7058

E-mail: info@azure-international.com

Policy – NDRC expands regional scope of transmission and distribution pricing reform pilots: Following the development of pilots in Shenzhen and the West IMAR grid, Anhui, Hubei, Ningxia, and Yunnan will also begin conducting transmission and distribution pricing reform pilots.  Recently, these four provinces have been successful at growing direct electricity sales between large generators and consumers. The prices paid to the transmission and distribution operator are currently based on historical transmission and distribution rates, but will gradually be switched to reflect the underlying costs using a cost plus regulated return basis. Establishing clear pricing for transmission and distribution network use opens up a range of new business models including industrial microgrids, competing electricity retailers, and associated green tariff offerings. The rapid expansion of this reform’s regional scope signifies a strong commitment by the central government. (NDRC CN)
Policy – NDRC releases notice for lowering coal-fired generation tariff: On April 13, the National Development and Reform Commission officially stated that coal-fired generation tariffs would be lowered nationally by RMB0.02/kWh on average. Retail electricity prices for commercial and industrial power consumers were to be reduced

by RMB0.018/kWh. Cross-provincial and cross-region electricity prices would  also be lowered, with more significant rate reductions targeted at China’s coal-fired power bases. This new pricing officially began on April 20, 2015. With coal-fired generation supplying nearly 70% of China’s  electricity, the implications of this price change are vast and complicated. Economically, It prevents generators from earning windfall profits resulting from a nearly 50% decline in the price of generation grade coal and may help China’s struggling industrial sector. However, it also incentivizes electricity exports from China’s coal manufacturing bases by providing more attractive pricing than from China’s wind and solar exporting regions. (NDRC CN)

Grid – Q1 2015 electricity consumption statistics well below expectations: According to National Energy Administration statistics released on March 16, total electricity consumption only grew 0.8% during the first three months of 2015 and actually declined 2.2% during the month of March. The CEC has forecasted consumption growth of 4-5% in 2015, so China already well behind targets. If this situation continues, it could create problems across the electricity supply chain.  China missed its 2014 growth targets by nearly 50% , which led to the lowest generation utilization since 1978 and resulted in more than 50 GW of excess capacity. With generation capacity growing 9.2% in March, China is on a path to see even lower generation utilization figures in 2015. The government will need to take stronger measures to slow new generation builds to match demand growth. (NEA CN)
Solar – NEA statistics show 5 GW in new solar installations in Q1 2015: According to statistics released by the NEA on April 20, China installed 5.04 GW of solar during the first three months of 2015, bringing the cumulative total to 33.12 GW.  Xinjiang, Inner Mongolia, Zhejiang, Gansu and Jiangsu were the top provinces, accounting for over 72% of new capacity. Distributed solar continues to struggle with only 660 MW in new construction.(NEA CN)
Solar – NEA calls for PV generation plant quality inspections: On March 20, the NEA released a policy requiring provincial level authorities to inspect current solar installations to ensure that facilities comply with national technical and operational standards. Project developers and potential investors should pay close attention to this policy as greater enforcement of safety and quality standards is expected to become a major point of emphasis. (NEA CN)
Solar – SunPower partners with Apple to develop 40 MW of CPV projects in China: Through its Chinese joint venture, Sichuan Shengtian New Energy Development, SunPower will build and co-own two 20 MW PV facilities in rural regions of Sichuan. SunPower has previously collaborated with Apple on projects in the U.S. (PVTech EN)
Wind – NEA releases list of 203 energy industry standards, 13 covering wind power (NEA CN)
Grid – NEA releases 2015 budget (NEA CN)


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