China’s renewable energy industry develops rapidly

China’s renewable energy industry is still developing rapidly and China made important progress in photovoltaic (PV) power generation, and the installed capacity of China’s wind power generators reached 22 GW last year, said officials from the National Energy Administration at the China Forum on New Energy.

The public bidding of a franchised 10 MW solar energy and PV project in Dunhuang, Gansu province gave push to the construction of PV power plants all over the country. So far, 4 10MW PV power plants have been built in Ningxia.

It is said that China’s energy consumption will reach 4.5 billion tons of standard coal in 2020, of which 15 percent of the energy will be non-fossil fuels.

Therefore, the installed capacity of China’s hydroelectric generators, wind energy generators, solar energy generators, biomass energy generators and nuclear power generators must reach 350 million kW, 150 million kW, 20 million kW, 30 million kW and 80 million kW respectively. China still faces great challenges in developing the new energy industry.

Wind turbine company Sinovel has announced that China’s National Energy Administration has formally approved its development of a National Offshore Wind Power Technology and Equipment R&D Center.

Chinese wind power producer Xinjiang Goldwind Science & Technology Co (002202.SZ) has chosen China International Capital Corp (CICC) as lead underwriter for a Hong Kong initial public share offering aimed at raising $1.5 billion in the first half of 2010.

China’s renewable energy consumption accounted for 8.3% of the total last year, said Shi Lishan, deputy director of the National Energy Administration, at a forum today.

By 2020, China plans to raise its total hydropower capacity to 300 GW, wind power capacity to 150 GW, solar power capacity to 20 GW and nuclear capacity to 80 GW, said Shi.

In 2009, China added 89.7 million kW of power generation capacity, boosting the total capacity to 874.07 million kilowatts at the end of 2009. Thermal power capacity rose 8.16% year on year to 652.05 million kW, accounting for 74.60% of the country’s total, according to an earlier report from China Knowledge.