China Cementing Global Dominance of Renewable Energy and Technology

[TaiShang]

Goldwind buys $82m windfarm
By ZHENG XIN | China Daily | Updated: 2017-05-09

A windfarm in Jiuquan, Gansu province. [Photo/VCG]

Deal is in line with trend to diversify earnings by investing abroad

Chinese wind turbine generator maker Xinjiang Goldwind Science & Technology Co Ltd announced its plan on Monday to purchase a wind farm project in Australia for A$110 million ($81.5 million), vying for a greater presence in the international market.

The project's 149 wind turbines will be Australia's largest single wind farm.

Goldwind said it will buy Stockyard Hill Wind Farm Pty Ltd from a unit of Origin Energy Ltd, and will invest up to A$335 million for further development to strengthen its competitive advantage in the country.

It had already obtained investment approval from Australia's Foreign Investment Review Board, said the Chinese company.

Analysts said the purchase is in line with the recent trend of Chinese companies in the electric power sector, seeking to diversify their earnings by investing abroad, and Australia's energy sector will continue to attract China utilities.

"This trend is unlikely to abate in the next few quarters given the high level of interest in the part of Chinese companies," said Joseph Jacobelli, a senior analyst with Asia utilities and infrastructure research at Bloomberg Intelligence.

"Chinese electric power utilities still find Australia an attractive investment target and will continue to seek assets there in the next few years."

According to Jacobelli, Australian energy markets remain open, the country has low sovereign risk and Chinese companies are also increasingly familiar with it.

"Australia attracted at least nine Chinese utility deals in the past 10 years, mostly State-owned grid operators and generators, with five of them worth more a total of more than $4 billion."

According to a report on China's power utilities M&A trend released by Bloomberg Intelligence by Jacobelli and Charles Shum, domestic and overseas M&A by Chinese electric power utilities could accelerate in the next few quarters thanks to financial strength, poor markets at home and policy support, and net debt to equity is the lowest in at least five years for many developers, increasing their acquisition firepower.

On the other hand, government policy also strongly supports Chinese power companies' expansion abroad, it said.

According to Goldwind, the deal does not require approval or filing by the National Development and Reform Commission, the Ministry of Commerce, the State Administration of Foreign Exchange or other related institutions in China.

"The Stockyard Hill project may be particularly interesting because not only is Goldwind investing in a jurisdiction with a high level of transparency, which reduces investment risks, but it also managed to secure a 22-year long term power purchasing agreement, from 2019 to 2030, at A$60 per megawatt-hour with the seller of the wind farm, further lowering Goldwind's investment risks," Jacobelli added.

***

I heard that Puerto Rico was in distress and failed for bankruptcy. I wonder what sort of resources they have. China may offer some lucrative deals in return for long term profitable asset acquisitions.

@Shotgunner51

 

[Shotgunner51]

Goldwind buys $82m windfarm

Good M&A by Goldwind, downstream vertical integration is a way to expand business, and that Australia should be a steady market.

By now Goldwind is the world's #2 largest wind turbine manufacturer with 12.8% of market share (Simens merged with Gamesa last year, hence overtaking Goldwind).

In fact 5 out of top 10 largest are from China, others include United Power, Ming Yang, Envision, CSIC Haizhuang (they're very good in offshore wind turbine). Overall competition is fierce though, Siemens-Gamesa (Germany) has 13.2% is #1 world largest, Vestas (Denmark) has 12.0% is #3.

 

[Place Of Space]

What hell the windfarm is? I just heard of buying grainfarm, fruitfarm, poultry farm...

 

[Shotgunner51]

What hell the windfarm is? I just heard of buying grainfarm, fruitfarm, poultry farm...

In Chinese 风力发电场, is one form of power plant, serves same purpose as a hydropower station, coal-fired power plant or nuclear power plant. On its upstream there are wind turbine manufacturers (e.g. Goldwind), on its downstream its the grid operators (e.g. SGCC). The value chain or supply chain is like:

Steel/materials Corp --> Components Corp --> Wind Turbine Corp --> Wind Farm --> Power Grid --> Consumers

 

[Shotgunner51]

SolarWorld collapses as Europe's solar industry eclipsed by China
By Christoph Steitz | FRANKFURT

Europe's embattled solar power industry has been dealt a fresh blow, with cut-price competition from China driving Germany's SolarWorld (SWVKk.DE) into insolvency and wiping out quarterly profits at SMA Solar (S92G.DE).

Shares in SolarWorld, which employs around 3,000 people and was once Europe's largest solar panel maker, plunged about 80 percent on Thursday after the group said it would file for insolvency.

"This is a bitter step for SolarWorld, the management board and staff and also for the solar industry in Germany," said Chief Executive Frank Asbeck, known as the "Sun King" in the German solar industry's heyday.

Read the full article at http://www.reuters.com/article/us-sma-solar-results-idUSKBN1870ZV

***********************************************************

Europe’s Solar Industry Is Now Collapsing Due To Cut-Price Competition From China
May 11, 2017 ·by Kelley Walters

In recent times China has been giving Europe’s solar power industry a run for their money. They have since driven SolarWorld, a German-based company to insolvency and further reduced the overall profits of SMA Solar, the world’s largest maker of solar inverters feeding solar power to various electricity networks.

This stern competition saw shares in SolarWorld drop by about 8% on Thursday alone, leaving the company to issue a statement saying that they would now need to file for insolvency. Chief Executive Officer, Frank Asbeck also issued a further statement acknowledging the poor step forward, not just for SolarWorld but also the solar industry as a whole in Germany [1].

Regardless of the massive government subsidies that aided Europe in building their well-known global solar industry, even industry giants like SMA Solar reported a drastic drop in their first quarter profits by about 90 %. Overtime, the reduction in government support has led to a decline in the industries reproducibility and this coupled with the rise in Chinese competitors like JinkoSolar, Trina Solar and Canadian Solon have further contributed to the decline in their popular European counterparts like Q-Cells, Conergy and Solon [2].

China continues to dominate

While Europe had hoped that cutting costs would help them once again gain momentum, they were wrong as China has continued to grow, now becoming the world’s largest market for solar products, having encouraged leading local firms to increasingly supply other regions with products. This has not only resulted in cheaper prices but also affected Europe further [1]. SMA Solar has since commented on this, stating that China has raced to the forefront due their intensive pricing policies, their attempts to tap into foreign markets and their abilities to overcome and compensate any form of shortcomings in the sales and services sector. SMA Solar further said that they hoped to expand their energy management businesses in March in the hopes that the market would then show higher entry barriers for their Chinese competitors [3].

In addition to statements issues by SMA Solar, the popular German wind turbine maker; Nordex also issued a statement saying that its intake of orders in the first quarter had also dropped drastically by about 40%. They too confirmed that this was most likely due to the increasing competition within European markets. That being said it was also noted that their shares dropped by 6% to the bottom of Frankfurt’s technology index while SMA shares dropped by a further 2% [2].

Read the full article at https://www.belairdaily.com/europes...g-due-to-steady-chinese-competition/6630.html

 

[AndrewJin]

Steel/materials Corp --> Components Corp --> Wind Turbine Corp --> Wind Farm --> Power Grid --> Consumers

This industry is huge!

 

[TaiShang]

SolarWorld collapses as Europe's solar industry eclipsed by China
By Christoph Steitz | FRANKFURT

View attachment 396404

Europe's embattled solar power industry has been dealt a fresh blow, with cut-price competition from China driving Germany's SolarWorld (SWVKk.DE) into insolvency and wiping out quarterly profits at SMA Solar (S92G.DE).

Shares in SolarWorld, which employs around 3,000 people and was once Europe's largest solar panel maker, plunged about 80 percent on Thursday after the group said it would file for insolvency.

"This is a bitter step for SolarWorld, the management board and staff and also for the solar industry in Germany," said Chief Executive Frank Asbeck, known as the "Sun King" in the German solar industry's heyday.

Read the full article at http://www.reuters.com/article/us-sma-solar-results-idUSKBN1870ZV

***********************************************************

Europe’s Solar Industry Is Now Collapsing Due To Cut-Price Competition From China
May 11, 2017 ·by Kelley Walters

View attachment 396405

In recent times China has been giving Europe’s solar power industry a run for their money. They have since driven SolarWorld, a German-based company to insolvency and further reduced the overall profits of SMA Solar, the world’s largest maker of solar inverters feeding solar power to various electricity networks.

This stern competition saw shares in SolarWorld drop by about 8% on Thursday alone, leaving the company to issue a statement saying that they would now need to file for insolvency. Chief Executive Officer, Frank Asbeck also issued a further statement acknowledging the poor step forward, not just for SolarWorld but also the solar industry as a whole in Germany [1].

Regardless of the massive government subsidies that aided Europe in building their well-known global solar industry, even industry giants like SMA Solar reported a drastic drop in their first quarter profits by about 90 %. Overtime, the reduction in government support has led to a decline in the industries reproducibility and this coupled with the rise in Chinese competitors like JinkoSolar, Trina Solar and Canadian Solon have further contributed to the decline in their popular European counterparts like Q-Cells, Conergy and Solon [2].

China continues to dominate

While Europe had hoped that cutting costs would help them once again gain momentum, they were wrong as China has continued to grow, now becoming the world’s largest market for solar products, having encouraged leading local firms to increasingly supply other regions with products. This has not only resulted in cheaper prices but also affected Europe further [1]. SMA Solar has since commented on this, stating that China has raced to the forefront due their intensive pricing policies, their attempts to tap into foreign markets and their abilities to overcome and compensate any form of shortcomings in the sales and services sector. SMA Solar further said that they hoped to expand their energy management businesses in March in the hopes that the market would then show higher entry barriers for their Chinese competitors [3].

In addition to statements issues by SMA Solar, the popular German wind turbine maker; Nordex also issued a statement saying that its intake of orders in the first quarter had also dropped drastically by about 40%. They too confirmed that this was most likely due to the increasing competition within European markets. That being said it was also noted that their shares dropped by 6% to the bottom of Frankfurt’s technology index while SMA shares dropped by a further 2% [2].

Read the full article at https://www.belairdaily.com/europes...g-due-to-steady-chinese-competition/6630.html

An expected outcome of competition; some have to die out so that others can be born and thrive. What matters is scientific progress, affordability and availability of new technologies.

China out-competing its peers in most renewable technologies not surprising given the long term effort has been placed by the country on this industry.

China does not sell opium to open up trade markets. It is all fair competition.

 

[onebyone]

All buses in the southern Chinese city of Guangzhou will be powered by electricity by 2020, according to a work plan on the development of new energy vehicles released by the municipal development and reform commission.

The move is part of efforts by Chinese cities to reduce carbon dioxide emissions and fight air pollution.

Eighteen charging points are put into service at a parking zone in the center of Guangzhou, Guangdong Province on August 9, 2016. /VCG Photo

Guangzhou, currently seeking public opinion on the plan, aims to replace all petrol and diesel powered buses with electric ones by 2020, when the city will have around 30,000 new energy public vehicles including taxis, shared cars and government vehicles.

From 2017, every newly added or replaced bus in Guangzhou will be an electric vehicle, the plan says.

Meanwhile, the capital of Guangdong province plans to lower the price of electric vehicles, reduce maintenance costs and install more charging stations in order to encourage more consumers to buy electric vehicles. More than 120,000 private electric cars are expected to be on Guangzhou's roads by 2020, according to the document.

The megacity, with a population of over 14 million, will have a total of 100,000 charging points by 2020. The number of parking spaces with electric car chargers will be no less than 30 percent of the total parking bays in new office buildings, shopping malls and restaurants.

Electric vehicles for a car-sharing service in Beijing. /VCG Photo

Emissions by motor vehicles are one of the major pollutants in Chinese cities, many of which have suffered from frequent smog episodes in recent years. As China pledges to peak its carbon emissions by 2030, authorities are promoting the development of new energy vehicles nationwide.

In 2016, China had a total of 1.09 million new energy vehicles, a sharp increase of 86.90 percent from the previous year, statistics from China Association of Automobile Manufacturers showed.

China is also the fastest growing electric vehicle market in the world. Among the approximately 774,000 electric vehicles sold worldwide last year, China contributed 53 percent.

https://news.cgtn.com/news/3d6b544f3341444e/share_p.html

 

[Shotgunner51]

China Activates World’s Largest Floating Solar Power Plant
May 26th, 2017 by Steve Hanley

The largest floating solar power plant in the world is officially in operation. Located in the city of Huainan in the Anhui province in China, the system has a power output capacity of 40 megawatts, which isn’t huge by today’s standards, but was just a decade ago.

Floating solar farms have several advantages, not the least of which is they don’t use up valuable land in densely populated areas. China has over 100 cities with populations of more than 1 million. The US, by comparison, has 10.

The panels help to conserve precious freshwater supplies by lowering the amount of evaporation into the surrounding atmosphere. In return, the water keeps ambient temperatures around the solar panels lower, which helps boost their efficiency and limit long-term heat-induced degradation.

The most interesting thing about the floating solar power plant in Huainan, however, is that the lake supporting it was created by rain after the surrounding land collapsed in a process known as subsidence following intensive coal mining operations over a period of years. Anhui province is rich in coal reserves and has been the source of much of the coal used to power the Chinese economy.

“Sungrow supplied the plant’s central inverter unit, which transforms direct current from the solar panels into an alternating current for delivery to the local power grid,” I Drop News reports. “The manufacturer also supplied a customized combiner box that aggregates power from multiple solar panel arrays and sends it to the central inverter. The combiner box has been specifically designed for floating PV plants and can operate in environments with high humidity and salt spray."​

Unlike the US, where government policies are shifting to support more coal mining and coal-burning power plants, China is committed to leaving its coal-powered past behind and keep becoming a global leader in renewable energy. It has pledged to invest hundreds of billions of dollars into solar power as well as wind and hydro by the year 2020.

Last year, a 20 megawatt floating solar power plant also came online in Anhui province. This past January, China activated the massive Longyangxia Dam Solar Park. Covering 10 square miles, it generates a whopping 850 megawatts of power — enough for 200,000 households.

In its quest to become a world leader in renewable energy, China is putting its money where its mouth is. By the time America figures out that it has been thrown under the bus by Donald Trump on energy, it will have ceded its global leadership in the area to China and will struggle to be anything other than a follower in the future as China reaps the financial rewards of its leadership.

https://cleantechnica.com/2017/05/26/china-activates-worlds-largest-floating-solar-power-plant/

 

[Shotgunner51]

China’s Goldwind Announces Free Wind Farm Training Course for US Coal Miners
By David Zazoff - May 30, 2017
Read the full article at https://marketexclusive.com/china-goldwind-free-wind-farm-training/112586/

Chinese Turbine Manufacturer Goldwind Wants to Hire Out-of-Work Coal Miners
by Julian Spector May 23, 2017
Read the full article at https://www.greentechmedia.com/arti...oldwind-wants-to-hire-out-of-work-coal-miners

Chinese Company Offers Free Wind Power Training For Coal Miners In Wyoming
May 29th, 2017 by Steve Hanley
Read the full article at https://cleantechnica.com/2017/05/2...free-wind-power-training-coal-miners-wyoming/

Goldwind Acquires Another Texas Wind Farm From RES
Posted by Betsy Lillian on May 23, 2017
Read the full article at http://nawindpower.com/goldwind-acquires-another-texas-wind-farm-res

 

[TaiShang]

View attachment 400915

China’s Goldwind Announces Free Wind Farm Training Course for US Coal Miners
By David Zazoff - May 30, 2017
Read the full article at https://marketexclusive.com/china-goldwind-free-wind-farm-training/112586/

Chinese Turbine Manufacturer Goldwind Wants to Hire Out-of-Work Coal Miners
by Julian Spector May 23, 2017
Read the full article at https://www.greentechmedia.com/arti...oldwind-wants-to-hire-out-of-work-coal-miners

Chinese Company Offers Free Wind Power Training For Coal Miners In Wyoming
May 29th, 2017 by Steve Hanley
Read the full article at https://cleantechnica.com/2017/05/2...free-wind-power-training-coal-miners-wyoming/

Goldwind Acquires Another Texas Wind Farm From RES
Posted by Betsy Lillian on May 23, 2017
Read the full article at http://nawindpower.com/goldwind-acquires-another-texas-wind-farm-res

Goldwind is on a investing and buying spree.

They are already the largest wind energy company in terms of installations.

• Goldwind unseated Vestas, the longtime top global manufacturer, as the leader in annual capacity.

• “Most wind turbine suppliers rode a record wave of wind capacity installation globally,” says Jesse Broehl, senior research analyst with Navigant Research. “This is especially true for the Chinese suppliers that represented 48 percent of 2015 capacity additions.”

http://www.businesswire.com/news/home/20160518005103/en/Goldwind-Unseats-Vestas-No.-1-Wind-Turbine

 

[Shotgunner51]

Chinese suppliers that represented 48 percent of 2015 capacity additions.

48% global market share! Good work by Goldwind, United Power, Ming Yang, Envision, CSIC Haizhuang (they're very good in offshore wind turbine) and all Chinese wind tech firms.

Yes Goldwind overtook Vestas and became #1 largest in 2015, but then Siemens merged with Gamesa in 2016, their combined size marginally overtook Goldwind. Germans and Danish (Vestas) are also key players in the game, wish team China can achieve overwhelming dominance as in solar game!

 

[Godman]

 

[Place Of Space]

New engergy consumption grow fast in China, however its share is still very small. Take a look at following graphics:

 

[Shotgunner51]

New engergy consumption grow fast in China, however its share is still very small. Take a look at following graphics:
View attachment 401350

View attachment 401351

Renewable techs are indeed fast expanding, well they are very new, gonna take time to build, so for the mean time coal techs are still important (CTX, ultra-supercritical plants, CCS, etc). Last year coal dropped to 62% of mix, more importantly coal consumption dropped by 4.7%, dropping three years in a row.

Advanced ultra-supercritical plants use additional technology innovations to bring temperatures to more than 1,400 degrees Fahrenheit and pressure levels to more than 5,000 pounds per square inch, thus further improving efficiency.​

China has begun various CCS (Carbon Capture and Storage) solutions, and has built the world's first near-zero emissions coal-fueled power plant - the Huaneng Tianjin IGCC (Integrated Gasification Combined Cycle) Plant - since 2009 (operational since 2011).

Huaneng Tianjin IGCC (Integrated Gasification Combined Cycle) Plant, Phase 1

The Tianjin IGCC plant is just the starter for nation-wide INDC (Intended Nationally Determined Contribution) program to use modern high efficiency low emission (HELE) coal-fired power generation and develop carbon capture and storage (CCS). The five-year plan is seeking to reduce all emissions from coal-fired power and other industrial uses, not just CO2 emissions but also SOx, NOx and other particulate matter. Steps are taken to close down smaller inefficient power stations and is building large HELE coal-fired power plants to meet electricity demand.

https://defence.pk/pdf/threads/re-d...advances-in-clean-coal-ctx-technology.403881/​