A2X Consulting

Coal is a major resource for power generation in China. According to Market Avenue, coal accounted for 76% of China’s energy output in 2007. But thanks to Clean Revolution, China is doing what it needs to in order to reduce its dependency on brown fuels such as coal, oil, etc and adopting renewable resources to power it’s economic development.

China’s Clean Revolution is powering the renewable energy sector with lofty investments, government policy, entrepreneurship and consumer awareness. The following are some interesting facts about China’s march toward a sustainable future.

According to Francois Nguyen, China will receive about 23% of global renewable energy investment between 2005 & 2030 which amounts to about $1.2 trillion.

In the fourth quarter of 2008, the Chinese government announced economic stimulus of $14.8 billion for renewable energy development. In this stimulus a large portion is allocated for wind power projects.

China’s 11th 5-year plan targets to generate 10% of total energy from renewable sources by 2010 and 15% by 2020. In order to meet these targets, China is expected to spend an average of $33 billion per year for the next 12 years.

The 2008 China Electricity Council report shows that China increased investment in nuclear power by 72% and in wind power by 88% year on year. Also, its investment in coal-fired plants decreased by 22%.

According to Chinese Wind Energy Association (CWEA) and National Development and Reform Commission (NDRC), China has 158 wind farms. NDRC has called for the installation of wind farms to generate 100 gigawatts by 2010.

According to Chinese Renewable Energy Industries Association, China is the number one producer of solar photovoltaic with over 200 manufacturers who added 1700 megawatts of the panels in 2007.

China had 7000MW installed wind capacity by mid-2008. As predicted by analysts, China’s wind power installations will total 50-60 GW by 2015 and 80-100 GW by 2020.

Over the years China’s wind power equipment manufacturing industry has achieved operational and technological competence. It has 67 wind turbine manufacturing companies including state-owned and private companies.

The Clean Revolution in China certainly promises lot of green opportunities for businesses and consumers. We will update this section with more information with time.