La infraestructura, que cubrirá una superficie de 12 kilómetros cuadrados en la ciudad de Chifeng de Mongolia Interior, requerirá una inversión total de 73 millones de dólares.
El BAD precisó que este proyecto dará lugar al primer parque eólico privado financiado por el banco en China. El préstamo también tiene como objetivo promover la inversión privada en el sector de la energía renovable en China, según fuentes de la entidad.
La central producirá anualmente alrededor de 133 gigavatios hora de electricidad, y disminuirá cada año las emisiones de dióxido de carbono en 140.000 toneladas.
Por otro lado, Vestas ha vendido 17 aerogeneradores V80-2.0MW para el parque eólico de Pingtan Aoqian en la provincia de Fujian.
ADB backs China wind farm project
The Asian Development Bank (ADB) will partly finance a $73 million wind farm in the Inner Mongolia Autonomous Region to support the People’s Republic of China’s (PRC) efforts to cut greenhouse gas emissions and to promote private investment in renewable energy.
ADB is extending a long-term local currency loan of up to CNY164 million ($24 million) to Datang Sino-Japan (Chifeng) Renewable Power Corporation, a joint venture between state-owned China Datang Corporation and Japan’s Kyushu Electric Power Company, Sumitomo Corporation and Sumitomo Corporation (CHINA) Holdings. It will be the first private-sector wind farm to be financed by ADB in the PRC.
With its economy still growing strongly, the PRC has become the second-largest power consumer in the world, after the United States. A heavy reliance on coal to produce that power means the PRC now accounts for a significant share of global greenhouse gas emissions.
The PRC government has identified wind power as a commercially viable clean energy alternative to fossil fuels. In a nation with abundant wind resources, it’s estimated that if the industry were fully developed, it could produce about 1,000 gigawatts (GW), more than 1.5 times the country’s current electricity generation capacity.
"The lack of finance on reasonable terms has held back the development of clean energy projects in the PRC. This project could become a model for future collaborations between stateowned enterprises and foreign investors in renewable energy projects, and may encourage the PRC’s private sector to invest in wind power projects," said Hisaka Kimura, Investment Specialist with ADB’s Private Sector Operations Department.
Inner Mongolia is considered a prime location for a medium to large-scale commercial wind power industry. The proposed 12-square-kilometer wind farm in Chifeng City, Inner Mongolia, is expected to provide a steady source of electricity for the national power grid.
Makoto Kakebayashi, General Manager, Overseas Business Department, Kyushu Electric Power Co., said, "This ADB-supported project – the first wind farm project in the PRC by a Japan-China joint venture – will help alleviate the PRC’s electricity shortage and cut carbon dioxide emissions by 140,000 tons per year."
Masayuki Nitta, General Manager, Environment Business Department at Sumitomo Corporation, said, "This project with ADB will be our first important step for our company to enhance our investment in renewable energy projects in Asia ."
In 2008, the PRC generated 12 GW from wind power. The government aims to boost that to 100 GW per year by 2020. The Chifeng project will produce about 133 gigawatt-hours (GWh) a year. It should also generate carbon credits under the Kyoto Protocol’s Clean Development Mechanism that allows buyers in industrialized countries with greenhouse gas reduction commitments to purchase carbon credits from developing countries, such as PRC, to meet those commitments.
ADB, based in Manila, is dedicated to reducing poverty in the Asia and Pacific region through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members – 48 from the region. In 2008, it approved $10.5 billion of loans, $811.4 million of grant projects, and technical assistance amounting to $274.5 million.
Operations In China Are "Very Solid" – Vestas Exec
Vestas Wind Systems executive Michael Holm has said that the company’s operations in China "are very solid" despite market concerns over competition from local manufacturers there.
"There has been a lot of speculation and rumor. We’re dealing with a market where some things are open to all bidders and competitors, and other things are only open to Chinese companies. But we’ve just announced a small local Chinese order today," Holm told Dow Jones Newswires Monday.
In its first quarter report April 28 Vestas said it continues to expand its operations, and is "investing heavily", in China (and the U.S.) "owing to positive market prospects."
First quarter sales deliveries to China amounted to 62 megawatts, of 103 megawatts for the Asia-Pacific region.
Vestas announced a 34 megawatt order from first-time customer China Fujian Wind Energy Company. The order for 17 V80-2.0MW wind turbines is for the Pingtan Aoqian wind farm project located in the eastern part of Fujian province.
The contract includes the supply and commissioning of the wind turbines, as well as servicing and maintenance. Delivery of the turbines is due to take place in the fourth quarter of 2009.
Vestas employs more than 1,800 people in China.
China’s first of 7 mega wind farms ready to start rolling
China will start constructing a 10 GW wind farm in Jiuquan, Gansu province on Friday, the first in a batch of similar mega wind power projects the country has planned for over the next few years to increase the share of clean energy sources in its power consumption mix.
Wind power on-grid tariff has been fixed at 0.526 yuan per kWh for the first phase of 3.8 million kW by 2010, involving 19 power generating companies, Wang Jianxin, director of Jiuquan Development and Reform Commission told China Daily.
The province plans to expand its installed wind power capacity to 20 GW by 2020, surpassing even the 18.2-gW capacity of the Three Gorges Dam, the world’s largest hydropower station in terms of total capacity.
China is making huge efforts to find alternatives to fossil fuels. The country just revised its wind power capacity target to 100 gW by 2020; eight times its current level.
"The Jiuquan wind power station is the first 10 GW wind power project approved by the National Development and Reform Commission, and is expected to have an installed capacity of 12.71 GW by 2015, with an investment of 120 billion yuan," he said.
The country’s five leading power generating groups, China Huaneng Group, China Datang Group, China Guodian Group, China Huadian Group and China Power Investment Group, are all involved in wind farm projects. Huaneng has grabbed the lion’s share of the market this time, with a capacity of 500,000 kW among the total 3.8-million kW in the first phase, he said.
Top domestic wind firms like turbine makers Sinovel Wind, Goldwind Science and Technology, and Dongfang Electric would benefit the most from the mega farm thrust, accounting for about 80 percent of the market in the first phase of the project, Wang said.
The market share of local and overseas turbine producers is about 50:50 in the existing wind farms of the city, he said.
The total installed capacity of wind farms that have already been in operation or under construction in Jiuquan stood at 1.25 million kW, he said.
The new wind power base, with an area of about 10,000 sq km, has wind potential with capacity to generate at least 40 gW, he said.
Jiuquan is just one of China’s planned seven 10-GW wind power bases. The others are Hami in Xinjiang Uygur autonomous region, Hebei province, western Jilin province, eastern Inner Mongolia, western Inner Mongolia, and Jiangsu province.
China’s wind power generation has doubled over the past few years and the country plans to build a minimum of seven 10 GW wind power bases by 2020, Shi Pengfei, vice-president of Chinese Wind Energy Association said earlier last month.
"However, there is one key issue; most wind farms located in Inner Mongolia, Gansu and Xinjiang are thousands of kilometers away from high energy demand areas," he said.
"So, how to build extra high-tension power lines to transfer the electricity is critical. Gansu is already kicking off power lines construction, but Xinjiang has yet to start," he said.