China Renewables Report Q2 2016
BMI View: China's renewables capacity additions continue to soar, highlighting - not only the sheer scale of the market size - dwarfing all other markets globally - but also, the challenges facing the country in terms of integrating the renewables output into the grid system. Renewables capacity will increase by 92% between 2016 and 2025, and will necessitate significant investment into China's transmission and distribution network in order to support the expansion.
According to the Global Wind Energy Council, China installed over 30GW of wind capacity over 2015, dwarfing all other markets globally and resulting in total wind capacity to reach 145GW in China.
It was reported by the National Energy Administration that roughly 15% of wind power capacity was idled during 2015, resulting in idled wind generation to increase by 69% when compared to the previous year.
In February 2016, it was announced that China-based Jinneng Group and US-based renewable energy firm SunEdison started building a 2GW photovoltaic equipment manufacturing facility in the Chinese province of Shanxi.
CGN Wind Energy connected the first six turbines to the grid at a 150MW offshore wind plant it is developing in China in February 2016. The plant, in Rudong county, Jiangsu, will have 38 units of Siemens 4MW turbines.
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