11 Dec '12, 1pm

China's Wind Power Sector Set for Rapid Development after Year of Stagnancy

China's Wind Power Sector Set for Rapid Development after Year of Stagnancy

Among the positive moves, the first batch of projects adding 3 GW of capacity in the second phase of the Jiuquan Wind Power Base recently received approval from the National Development and Reform Commission. In addition, Shandong province, another major wind power base in China, announced that it has set an installed wind power capacity target of more than 8 GW by the end of the 12th Five-Year Plan (2011-2015). Moreover, the National Energy Administration added two groups of wind power projects to the list of projects entitled to receive renewable energy tariff surcharge subsidies; the first project started to receive the subsidy in July and the other followed suit at the end of September. As the government doubled surcharges on renewable energy sales to 0.008 yuan (approx. US$0.0013) per kWh, the tariff surcharge subsidies are expected to exceed 20 billion yuan (approx. ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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