Our picks of China clean energy market updates from last week:
- WIND: several provinces renewed their 2025 offshore wind five-year planning with enhanced targets. Notably, last week Jiangsu indicates a new goal to establish 12GW OW farms by 2025
- HYDROGEN: Shanghai strives for 1.2 mn new energy vehicles (NEVs) during 14th FYP while Hainan Province aims for 25000 NEVs 2021
- BATTERY: State Power Investment Corporation announces to increase in green transportation investments.
Please scroll down for the 8 updates from last week.
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Jiangsu Provincial Development and Reform Commission recently issued its offshore wind policy for the 14th Five-Year Plan period (14th FYP) to solicit public opinions. The new policy mentioned that the province planned to establish:
42 offshore wind farms, of total installed capacity 12.12GW.
The new target suggested a 50% increase from the previous goal to develop 8GW by 2025, according to its 14th FYP draft issued last year.
Jiangsu currently remains on top for offshore wind development. As of June 2020, the province’s total installed capacity of offshore wind reached 4.64GW. And as of the end of 2020, its installed capacity of wind power was 15.47GW.
The world added more than 6 gigawatts (GW) of new offshore wind capacity in 2020, with China responsible for over half of installations in the sector, according to new figures published Thursday.
The data, from the Global Wind Energy Council’s market intelligence unit, shows China installed 3.06 GW last year. Its nearest rival, the Netherlands, installed a little under 1.5 GW of capacity. The U.S. installed just 12 megawatts of offshore capacity last year. For three years in a row now, China has been the number one country for offshore wind installations.
Zhejiang Provincial Development and Reform committee recently issued the provincial 14th FYP (feedback invitation draft).
According to the document, the province plans to:
- Focus on promoting offshore wind power through a new development model integrating near-sea and deep-and-far-sea wind power application base, ocean energy, and onshore industrial base power.
- Would install a wind capacity of 6.3 GW by the end of 2025, including 5GW of offshore wind.
CTG European subsidy CTGE agrees to acquire 11 wind farms with a capacity of more than 400MW and a PV plant in Spain from a group of developers led by Corporación Masaveu.
The company suggested that this transaction would enhance CTGE’s presence in Europe. Previously, CTGE has made investments in Europe, including:
- In 2016, the firm broke ground in the developed market and made a €650 mn deal to buy 80% of German offshore wind park Meerwind and therefore becomes the first Chinese enterprise to enter the global offshore wind power market.
- In Aug. 2020, the firm acquired 500MW photovoltaic power assets from X-Elio, a Spanish photovoltaic power generation company, and thereby, enter Spain, one of the largest solar markets in the world.
Hydrogen Storage & Fuel Cells
The municipal government of Shanghai last week released a new plan to promote the development of the new energy vehicle (NEV) industry during 2021-2025. The plan set ambitious goals to enhance industry application levels that dovetail with the country’s rising momentum in the NEV sector.
Regarding hydrogen fuel cell vehicle’s promotion, the policy sets that:
- Industry Scale: The city aims to produce 1.2 million NEVs by 2025 with an output value exceeding ¥350bn, accounting for more than 35% of the city’s automobile manufacturing output value.
- FCEV application: The city aims to manufacture more than 10,000 fuel-cell vehicles and embark demo FCEV projects in transportation hubs such as airports, ports, and railways by 2025.
- Infrastructure construction: The city aims to put into operation some 70 hydrogen refuelling stations, which is said to provide full coverage for key demo fuel cell regions
China’s southmost province Hainan recently released an action plan stating that:
- The province aims to embark on 25,000 NEVs in 2021, including using NEVs to replace old government cars.
- The province would support qualified gas stations to carry out pilot projects of oil and hydrogen hybrid station construction.
- The province would begin to explore pilot applications of hydrogen fuel cell vehicles.
Shandong Provincial Energy Bureau recently issued its 2021 energy industry work priority plan.
The document pointed out that, to promote the hydrogen sector’s development, it will:
- Promote the construction of the first batch of major demo projects such as the industrialization of proton exchange membranes for fuel cells by Dongyue Group and complete the investment of ¥2 bn in 2021.
- Carry out renewables-to-hydrogen pilot projects; Complete the solar-aquaculture-hybrids hydrogen production project in Dongying City; Promote the construction of H2 refuelling stations in the “Shandong Hydrogen Economic Belt” (an economic are with Qingdao, Weifang, Zibo, Jinan, Liaocheng and Jining City as the key nodes) and surrounding areas.
- Build 8 H2 fueling stations of 6000 KG/D H2 capacity in total.
Statistics showed that, as of the end of 2020, Shandong Province has built 11 H2 refuelling stations with a daily hydrogen supply capacity of 6,700 kg, which can meet the operation and use of 500 fuel cell buses. This H2 refuelling station construction scale ranks second place in the country.
EV & Battery
State Power Investment Corporation (SPIC), one of the biggest renewable energy companies in China, announced an increase in investment in green energy substitution in the transportation and logistics industries at a social responsibility report conference.
Specifically, the firm plans to:
- EV: Invest ¥115 bn in promoting 200,000 battery-swapping heavy-duty trucks and 370,000 other types of electric vehicles (EVs); constructing 4,000 power-replacing stations and 228,000 units batteries by 2025.
- FCEV: Promote 500 sets of hydrogen fuel cells by 2021 and achieve hydrogen fuel cell large-scale commercial development around 2025.
SPIC has been actively exploring the NEV sector. As of the end of 2020, the firm has put in use 5,000 units of battery-swapping heavy-duty trucks and construction machines; it has put into operation 11 battery-replacing stations, and 55 more are in the pipeline. In October 2020, the group established a new company to provide battery charging and replacing services.