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National wind curtailment decreases 4% YoY in first half of 2019
From January to June 2019, national wind power generation capacity was 214.5TWh, an increase of 11.5% year-on-year (YoY). In the report released by the National Energy Administration (NEA), it was also revealed that during the six months the national average wind curtailment rate dropped to 4.7%, a 4% YoY decrease. (NEA)
1H2019 National wind curtailment distribution
Is the Spring finally here for foreign power battery makers?
The well-known Automotive Power Battery Industry Standard Conditions, also referred to as the “white list” of EV power battery, has been officially abolished by the Ministry of Industry and Information Technology (MIIT) recently. The “white list” was introduced by the Chinese government in 2015 to help foster domestic battery makers by barring foreign brands from getting on the list. Under this document, EV manufacturers are only able to obtain state EV subsidies if they employ the power batteries of companies on the “white list.” As evidence, 57 Chinese battery manufacturers such as BYD, CATL and OptimumNano, among others, were enlisted, while not a single foreign brand made it onto the list. With such policy support, the total installed capacity of new EV power batteries in China amounted to 56.89GWh in 2018, a 56% YoY increase and a volume 2.4 times that of Japan and 3.6 times that of South Korea.
Among these domestic manufacturers, CATL and BYD occupied 61% of the power battery market share.
This might change soon, however. Samsung SDI, LG Chem and SKI, all which have been out of the Chinese market, have returned—and they don’t seem to waste any time. SKI has just signed a supply contract with Tianqi Lithium to acquire battery materials company Lingbao Huaxin, LG Chem has set up a JV with Huayou Cobalt, and Samsung SDI is restarting the Xi'an battery project. Even Panasonic jumped at the opportunity to significantly expand its power battery production capacity in Suzhou and Dalian. (Baidu, MIIT)
Coal Mine Gas and Shale Gas seize China’s REDF Subsidy
It has been known that the Renewable Energy Development Fund (REDF) supports the exploitation and utilization of unconventional natural gas such as coal mine gas, shale gas and dense gas, but reaffirmed lately by the Ministry of Finance (MoF) in its announcement of the latest supplementary notice of the Interim Measures to Manage the Special Fund for Renewable Energy Development.
Beginning in 2019, subsidies will be paid according to the principle, "more production, more subsidies." Those who exceed the amount of production from the previous year will be rewarded an amount corresponding to the degree of excess, while subsidies will be deducted if mining fails to reach the previous year's yield. Meanwhile, the incremental part produced during heating season is incentivized by a higher subsidy.
As determined in the Interim Measures for the Management of Renewable Energy Development Fund Collection and Use, the REDF includes special funds arranged by the public budget of the MoF (hereinafter referred to as the Special Fund for Renewable Energy Development) and additional income from renewable energy tariffs levied on power users. Subsidies for the abovementioned exploitation of unconventional gas come from the Special Fund for Renewable Energy Development. (MoF)
Chongqing DRC introduces policy to up competitiveness of wind power industry
The Chongqing Development and Reform Commission (DRC) has rolled out a new policy aimed at honing in on scientific research to help develop the city's wind energy resources, further optimize resource allocation, maintain orderly market development, advance wind power technology and cost reduction, and promote overall high-quality development of the local wind power industry. (Chongqing DRC)
Sichuan launches pilot city for hydropower generation direct trading
By establishing and improving a new method of hydropower consumption in demonstration areas, the Sichuan Government is now focusing on “reducing electricity prices and encouraging multi-use” to form a win-win scenario in which they can have both maximum consumption of hydropower and sustainable development of key industries. The local government is also actively working on creating economic advantages from resource advantages found in the province. (Sichuan GOV)
Sichuan hydro direct trade pilot city