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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For further enquiries or if you are interested to

learn more about how we can collaborate, please

contact us directly at:

Azure International

Tel: +86 10 8447 7053

Fax: +86 10 8447 7058

E-mail: info@azure-international.com

Wind – NEA to restrict wind farm development in heavily curtailed regions:  A recent NEA notice outlines seven measures for provinces, cities and counties to improve their utilization of wind power. The most important measure calls for provinces with an average curtailment rate above 20% to not plan new projects for the following year. In addition, regions that fail to install at least 80% of their yearly targets should also not plan new projects for the following year. Also of note, provinces whose wind development plans relies on exports to neighboring provinces or through UHV nodes to distant load center, should quickly work with the NEA to determine what proportion of upcoming capacity will be available to wind. The NEA’s call to halt new project development in regions with high levels of curtailment may force developers to abandon some of their wind project development pipeline in these regions. In particular, the regions of Jilin, Liaoning, Heilongjiang, West Inner Mongolia, Gansu and Xinjiang all experienced curtailed rates higher than 25% during the first three months of 2015. This policy release brings good news to owners of existing projects in heavily curtailed regions, but will likely disappoint developers whose development pipeline could be considerably cut by this new policy. (NEA CN)
Grid – NDRC approves 800 kV UHV DC lines from Jiuquan, Gansu to Hunan: On March 18, the National Development and Reform Commission approved a new +800KV UHV DC line, with 8 GVA of capacity. The 2383 km long line will connect the Jiuquan Wind Power Basin in Gansu to Hunan, in southern China. The line is expected to transport

42 TWh a year, of which 40% will be wind and solar power. Construction is slated to begin immediately and the line is expected to begin operation in 2017. After several years of delays, a slew of new UHV lines have been approved over the last year, with many slated to begin operation in 2017. These new lines will dramatically reshape China’s grid. (Gansu DRC)
Coal – NDRC calls for investigations into coal emissions control pricing subsidy payments: On May 18, the NDRC released a short notice calling for provincial level environmental protection departments of the Development and Reform Commission to investigate abuses related to “environmental protection pricing,” which provides additional payments for desulphurization, denitrification and dust controls at coal-fired generation plants. In particular, the NDRC is looking for generation companies that receive payments but do not actively use their environmental control systems. The NDRC is also looking for instances where local grid companies went beyond their rights to reduce subsidies paid to generation plant owners. (NDRC CN)
Energy Storage – NEA releases oversight report for PHS in North and Northeast China: Following an investigation of pumped hydroelectric storage in the northern regions of China, the NEA identified several obstacles stifling PHS investment and efficient utilization. Recent efforts to switch to a two-part payment system (an annual capacity payment and an energy payment) that involves competitive bidding have stalled due to uncertainty regarding how to value PHS services. In addition, generation dispatchers are using non-standardized methods to control PHS plants, leading to relatively low utilization and inefficient use for important services, like lowering wind power curtailment. The report concludes with proactive measures. China currently has 21.51 GW of operating PHS capacity; this is expected to grow to 100 GW by 2025. PHS is forecasted to comprise 4% of overall generation capacity by that point. China’s limited use of natural gas-fired generation is creating a strong need for alternative forms of load following generation. PHS can partially fill this role, but a supportive business environment, which could encourage greater investment in this field, has yet to fully materialize. (NEA CN)
Policy – NDRC approves RMB 1.97 trillion in Public-Private Partnerships (PPP): Serving both as a means of economic stimulus and market deregulation, the NDRC approved a list of 1043 projects with a total investment of RMB 1.97 trillion. These PPPs cover a range of public infrastructure projects including power generation and fuel transport, among others. (NDRC CN)
Solar – EU watchdog investigating Chinese PV suppliers for import tax evasion: Some industry experts claim the EU anti-fraud agency OLAF is conducting an investigation into panels shipped from China. European PV producers are claiming that Chinese suppliers are avoiding import tariffs by routing their products through Taiwan and Malaysia. The president of EU ProSun, Milan Nitzschke, told Reuters that up to 30% of Chinese solar imports bypass EU import tariffs this way. (EurActiv EN)
Energy Storage – Invenergy LLC announces commissioning of 31.5 MW of energy storage from BYD: In mid-May, Invenergy announced the commissioning of its 31.5 MW Grand Ridge Energy Storage Project in La Salle Country, Illinois. The project will participate in the PJM frequency regulation market and shares its grid connection with a 210 MW wind farm and a 20 MW solar farm. Invenergy also announced a similar project is planned for West Virginia. BYD has had several recent successes selling into the U.S. frequency regulation market, first with RES Americas and now with Invenergy. Azure International sees a strong and unrecognized risk for frequency regulation in the PJM market – the marginal value of new fast responding resources will decline quickly as the market approaches an optimal balance between fast-responding resources and slow-responding generation. This will lead to much lower revenues for all energy storage systems operating in PJM as the market approaches saturation. (PRNewsWire EN)
Wind – Gamesa announces 100 MW order from Hebei Construction and Investment Group (HCIG): On May 20, Gamesa announced that a new agreement to supply 50 G97-2.0MW turbines for the Fengdianzhiqing Wind Farm located in Zhangjiakou Hebei. The turbines are scheduled for delivery in Q3 2015. Since 2008, Gamesa has signed order agreements with HCIG totaling 250 MW. In April, Gamesa announced 198 MW in new turbine orders for China. (Gamesa EN)
Electric Vehicle – New deal to bring Better Place battery swap technology to Chinese buses: Ziv Av Engineering, the Israeli company that helped design Better Place’s automated battery swap stations, signed a deal with China Bustil to design 7,000 swap stations for electric buses in Nanjing, Jiangsu. This deal is part of a government sponsored bilateral R&D program between Israel and Jiangsu. (JPost EN)
Outbound – Chinese consortium awarded contract for 720 MW hydroelectric plant in Pakistan: A consortium including the Yangtze Three Gorges Technology & Economic Development Co. and China Machinery Engineering Corp. announced a US$1.277 billion engineering, procurement and construction contract for a 720-MW hydroelectric power plant near Islamabad, Pakistan. The project will be financed by loan from the China Ex-Im and China Development Bank. (HydroWorld EN)
Policy – American Chamber of Commerce releases 2015 White Paper: The 17th edition of AmCham China's American Business in China White Paper reflects the collective views of AmCham China's more than 1,000 member companies on trade and commercial issues that affect the US business community in China. As the Chair of the Cleantech Working Group, Azure International served as the lead contributor for the Cleantech Chapter. The complete report, including the Cleantech Chapter, can be downloaded here.


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