PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Renewable Energy Law Powering the Growth of the Chinese Renewable Energy Markets - New analysis from Frost & Sullivan, Chinese Renewable Energy Markets, reveals that revenues in this market totaled $6.9 billion in 2006, and is likely to reach $17.9 billion in 2013
Renewable Energy Law Powering the Growth of the Chinese Renewable Energy Markets

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2007/04/30 - New analysis from Frost & Sullivan, Chinese Renewable Energy Markets, reveals that revenues in this market totaled $6.9 billion in 2006, and is likely to reach $17.9 billion in 2013.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

In a significant move to enhance energy security and protect the environment, the Chinese Government is stepping up efforts to accelerate the development of renewable energy, so as to lift the share of high quality and clean energies in the total energy mix. The Renewable Energy Law, which came into effect on January 1, 2006, is a decisive move in this direction and requires power grid operators to purchase resources from registered renewable energy producers. However, there have been a series of incentive policies, ranging from tax incentives to subsidies, to stimulate investments, further enlivening opportunities in the growing Chinese renewable energy markets.

New analysis from Frost & Sullivan (energy.frost.com), Chinese Renewable Energy Markets, reveals that revenues in this market totaled $6.9 billion in 2006, and is likely to reach $17.9 billion in 2013.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the Chinese Renewable Energy Markets, then send an email to Danielle White, Corporate Communications, at dwhite[.]frost.com with your full name, company name, title, telephone number, fax number, and e-mail address. Upon receipt of the above information, an overview will be sent to you by email.

“China's landmark renewable energy law is likely to be a major driver for the growth of the Chinese renewable energy markets, echoing the governments target of boosting China's renewable energy capacity to 16.0 percent by 2020, an increase of 8.5 percent from 2006,” notes Frost & Sullivan Research Analyst Linda Yan. “The law also sets the stage for the widespread development of renewable energy in China, particularly for commercial-scale electricity generation facilities.”

The ruling stipulates two forms of renewables pricing: a Government-set price and a Government-’guided’ price. For biomass power, the Government sets the price based on the provincial or local on-grid price of desulfurized coal, in addition to a Government subsidy of $0.03 (0.25 yuan) per kilowatt-hour. This subsidy would not be available once a biomass project has been in operation for 15 years. For all renewable power projects approved after 2010, the subsidy provided per kilowatt-hour generated would decrease at an annual rate of 2.0 percent.

Among the market segments, solar PV is likely to be among the fastest growing renewable energy sources in China until 2013, with its growth exceeding even that of wind power. The biomass power industry has great revenue potential, not only because of sufficient Government funding but also due to the adequate availability of feedstock fuels. Small hydropower is also undergoing a period of resurgence, but being a mature technology, developments will be slower when compared to other market segments.

Moving to the challenges, China’s wind and biomass industries are not nearly as developed as their western counterparts, which means less experience in installing, maintaining, and servicing renewable facilities. This also means that there are only a few investors with sufficient knowledge of developing products, assembling business plans, designing financing packages, and so on.

“The lack of independent technologies is likely to be a key restraint for the growth of the Chinese renewable energy markets,” says Yan. “Key components or high technology-involved equipment are imported and relying on imported equipment limits the types of transactions and the number of companies that are able to compete in the market.”

Overall, energy supplies derived from renewable energy sources are currently undergoing a phase of expansion in China and are likely to play a much greater role in the Chinese energy supply in the long term. However, they will certainly not replace conventional generation technologies in short term mainly because of its high costs for power generation.

Chinese Renewable Energy Markets is part of the Energy and Power Subscription, which also includes research services in the following markets: world inverter markets for renewable energy systems, north European renewable energy markets, Latin American renewable energy market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective, and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Renewable Energy Law Powering the Growth of the Chinese Renewable Energy Markets

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Danielle White - Frost.com 
210-247-2403 dwhite[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Energy Most Recent Related Newswires:

Enel and Luxottica Group Inaugurate Innovative Mini-biomass Plant in Northern Italian Town of Agordo
The Abraaj Group and ENGIE to Develop a Wind Power Platform in India
Enel Starts Operation of South America's Two Largest Solar Parks in Brazil
Anheuser-Busch and Enel Green Power Announce Renewable Energy Partnership
EDP Renováveis and ENGIE Consortium Awarded Long-term CfD for 950 MW Offshore Wind Project in UK
E-Distribuzione Installs over A Million Electronic 2.0 Open Meters
ENGIE, through its Subsidiary ENGIE Axima, has Opened Exclusive Negotiations to Buy MCI, French Specialist in Industrial and Commercial Refrigeration
Enel Starts Construction of Peru’s Largest Wind Farm
GE Hits 5GW Milestone of Wind Energy in Brazil
Enel Starts Operations of Delfina Wind Farm in Brazil
GE to Install Advanced Wind Turbines for 150 MW Clean Power Project in Pakistan’s Jhimpir Corridor
ENGIE to Develop its First Renewable Project in Mongolia
Enel Starts Construction of Ayanunga Hydro Plant in Peru
Sundance Square and Green Mountain Energy Announce Extended Clean Energy Partnership
Enel Signs Tax Equity Agreement for 300 MW Red Dirt Wind Project in the USA

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  RightITnow Ltd

Visit  BizJobs.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)