China: New measures enhance development of distributed wind power projects
Introduction
- planning and guidance;
- project construction and management;
- grid access;
- operations management; and
- the financial and investment development model.
- required the competent energy department of each province to investigate and study its wind energy resources in view of distributed wind power;
- proposed a preliminary plan for distributed wind power development; and
- explored the existing rules and prior experiences pertaining to the development and construction of distributed wind power projects.
- project conditions;
- site selection;
- early stage tasks and approval;
- access system technical requirements and operations management;
- construction; and
- the approval of distributed wind power projects.
- prioritise distributed wind power development;
- construct key wind power base projects in an orderly manner; and
- accelerate the promotion of distributed wind power development.
- the complicated approval process;
- the unclear grid access requirements,
- existing financing problems; and
- the difficulties associated with land acquisition.
- simplification of the project management process;
- reduction of project investment thresholds; and
- improved project financing.
Key elements
The key elements of the measures, which comprise seven chapters and 35 articles, are as follows.
- providing relevant information on power grid construction plans, trends and new energy consumption in their region; and
- identifying the data of each grid point and its potential access capacity.
- encouraging banks and other financial institutions to explore loan mechanisms that use charge rights to project electricity sales and project assets as a pledge;
- on the condition of landowner support, compensating for the acquisition and renting of agricultural land in the form of assets for equity projects that constitute collective shares, which will be quantified to members of rural collective economic organisations;
- encouraging various types of fund, insurance and trust, together with industrial capital funds, to establish distributed wind power project investment funds;
- encouraging social capital funds to adopt mixed ownership and establish funds and consortiums to participate in the construction of distributed wind power projects led by local governments under a public private partnership cooperation model;
- encouraging local governments to offer discount loans and launch financing platforms with financial institutes (eg, banks and insurers) to fund distributed wind projects; and
- encouraging guarantee agencies to provide credit guarantees for SMEs and individuals to build distributed wind power projects.
- settle electricity tariffs and transfer the state subsidy funds to developers each month;
- prioritise the use of budgets and planning for subsidy funds; and
- ensure the timely and full transfer of state subsidy funds.
- realise the sustainable development of China's wind power industry;
- accelerate energy transformation in key regions, such as the eastern and middle regions; and
- revitalise the development of the national economy.
Published June 25, 2018
Join the discussion — please keep to our Community Guidelines.