Renewable And Clean Energy In China

External investment in Chinese wind farm projects is limited. The focus for overseas debt and equity is now on those businesses supplying equipment including components and parts to the wind farm industry and on the emerging biomass market.

China has one of the world's largest potential resources of wind energy and has accordingly seen tremendous growth in its wind power development. It is very likely that the target set by the 11th Five-Year Plan requiring 5,000 MW installed capacity of wind power by 2010 will be met by the end of 2008.

Notwithstanding this, overseas investment in projects is limited principally because of the challenges posed by the electricity purchasing system. The National Development and Reform Commission (NDRC) initiated the "Wind Power Concession Projects" in 2003. This programme aims to reduce the on-grid wind power tariff by building large scale wind farms. Wind