china renewables report q2 2014
TRANSCRIPT
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China Renewables Report Q2
2014
Category : Energy & Utilities
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Introduction to Report
Launch Date: March 5, 2014
Number of Pages: 50
Geography Coverage: China
Available Format: PDF
Price For Single User License: USD 1,295
Price For Site License: USD 2,595
Price For Global User License: USD 6,995
Delivery Time: Within 24 Hours (During Working Days)
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About the Report
Report has revised up forecasts for non-hydropower renewable energy in China this quarter. This is due to stronger-than-expected growth in solar capacity in 2013 and new solar capacity targets from the government. Our outlook remains sanguine because the combination of growing energy demand, worsening pollution, and continued support for renewable equipment manufacturers are still driving sector growth over the long-term.
We are now forecasting 12.2GW of solar photovoltaic (PV) capacity to be installed in 2014 - up from our previous forecast of 8.5GW - and new wind and biomass installations with a combined total capacity of just under 7GW. Solar energy will maintain its dominance over the medium term as the government continues to support the sector through various policies and regulations. We note that the government is targeting at least 10GW of new solar capacity per year between 2013 and 2015, as implied by its target of 35GW of solar capacity by 2015.
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Recent Developments
The Chinese National Development and Reform Commission (NDRC) introduced a number of revisions to the feed-in tariff (FiT) for solar energy on August 30 2013. Some changes include the introduction of a tariff for distributed solar projects, as well as a slight downward revision in the tariff for projects in areas rich in solar resources.
The Chinese government raised solar capacity targets in July 2013 and now projects 35GW of solar capacity by 2015, up from 21GW previously The original target outlined in the country's 12th Five-Year plan was 5GW.
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Recent Developments Continues..
In January 2013, Chinese energy chief Liu Tienan announced that China would double its pace of solar installations to install 10GW of solar capacity this year (as reported by the Financial Times).
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Report Coverage
1. Industry Forecast
2. China Renewables Projects Database
3. Market Overview
4. Competitive Landscape
5. Methodology
For more details regarding Report coverage see the last slide
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