HOME


ABOUT CRGP
MEMBERSHIP
PEOPLE
RESEARCH
PUBLICATIONS
EVENTS
NEWS
  CRGP News
  Global Projects Blog
  Global Projects RealNews






« Good returns, key to attract project funds | Main | Froman funds at Citi unit face trouble: report July 20, 2009 »

July 20, 2009

Weaknesses In Chinese Wind Power

Vivian Wai-yin Kwok, 07.20.09, 10:40 PM EDT
China has shown it can build wind farms, but can it connect them economically to the grid?

HONG KONG -- Seeking to rein in its emissions of greenhouse gases, China is on an ambitious spending spree in wind power. The government is working on plans to shell out 1 trillion yuan ($146 billion) to build seven massive wind farms with a combined capacity of more than 120 gigawatts, roughly equal to the world's total installed wind power plants last year.

The world's largest producer of carbon emissions has been doubling its wind power capacity every year since 2006; it was the world's second-largest buyer of wind turbines in 2008. Yet, about 30% of its wind power assets are not in use--much of that not even connected to the transmission grid--a result of Chinese power companies turning to wind as the cheapest, easiest way to satisfy on paper government requirements to boost renewable energy capacity.

Full Story...

Posted by rjorr at July 20, 2009 4:50 PM