Publications: Investment Incentives for Renewable Energy in Southeast Asia: Case study of Viet Nam » Nam Pham Khanh, Quan Nguyen Anh, Binh Quan Minh Quoc, IISD, 2012. (Jul 2013)

IISD Publications Centre

Investment Incentives for Renewable Energy in Southeast Asia: Case study of Viet Nam

» Nam Pham Khanh, Quan Nguyen Anh, Binh Quan Minh Quoc, IISD, 2012.Paper, 33 pages, copyright: IISD

Energy markets around the world face many challenges. Conventional supplies of fossil fuel reserves are becoming increasingly scarce, leading to rising prices. At the same time, concerns over climate change are growing, increasing the urgency for countries to decouple greenhouse gas emissions from economic growth. All of these pressures have greatly raised the profile of renewable energy technologies (RETs), with governments now commonly providing a range of support frameworks and incentives to attract investment.

This report assesses investment incentives for renewable energy in Viet Nam. It focuses on small hydro, wind, solar, biogas, and biomass resources. Through an analysis of the incentives available for these technologies, and drawing on insights from representatives from governments and industry, it suggests some initial findings on the extent to which Viet Nam’s investment incentives for renewable energy are effective and affordable, and identifies further research that could usefully be conducted in this area.

The analysis is part of a series of reports that aim to conduct an exploratory assessment of such incentives in developing countries around the world.

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  Trade Knowledge Network,Energy, Subsidies

For more information: http://www.iisd.org/publications/pub.aspx?pno=2821

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Publications: Renewables the Fastest-growing Power Generation Sector, IEA Reports (26 Jun 2013)

Renewables the Fastest-growing Power Generation Sector, IEA Reports

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26 June 2013: The International Energy Agency (IEA) has released its second annual 'Medium-Term Renewable Energy Market Report 2013' (MTRMR), which finds that growth of renewables in the electricity sector is on track to meet the IEA's low-carbon energy scenarios through 2018. The report cautions, however, that policy uncertainty is the main risk facing continued growth in the sector.

According to IEA Executive Director, Maria van der Hoeven, “Many renewables no longer require high economic incentives. But they do still need long-term policies that provide a predictable and reliable market and regulatory framework compatible with societal goals."

Despite a fall in new global investment in 2012, the MTRMR predicts that investment opportunities are likely to grow over the medium term. The report anticipates strong growth in the renewable power sector, which is expected to see a 40% growth over the next five years, leading to an increase in the share of renewables in the global power mix from 20% in 2011 to 25% in 2018. The report also predicts that global renewable electricity generation will surpass that of gas and double that of nuclear by 2016.

The two main drivers of the positive outlook for renewable power generation identified in the report are: the acceleration of investment and deployment in emerging markets, where renewables help meet the rising electricity demand while contributing to climate change mitigation; and the increasing cost-competitivness of renewables in a wider set of circumstances.

Other sections featured in the report include national and regional summaries of OECD countries and Brazil, China, India, Morocco, South Africa and Thailand, as well as global outlooks on biofuels in the transportation sector and renewables for heating. [IEA Press Release] [Publication:Medium-Term Renewable Energy Market Report 2013] [Remarks by IEA Executive Director]

For more information: 

http://climate-l.iisd.org/news/renewables-the-fastest-growing-power-generation-sector-iea-reports/207793/

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Call for Papers: 2013 International Conference on Renewable Energy and Environment (ICREE 2013) (Deadline: 10 Jun 2013)

Call for Papers 

The 2013 International Conference on Renewable Energy and Environment (ICREE 2013) is the premier forum for the presentation of technological advances and research results in the fields of Renewable Energy and Environment. ICREE 2013 will bring together leading engineers and scientists in Renewable Energy and Environment from around the world. 

Topics of interest for submission include, but are not limited to: 

Technology and system aspects 

Wind resources environmental impact 

Turbines and generators 

Construction and design issues 

Solar cell technology 

Solar thermal electricity 

Geothermal heating and heat pumps 

Environmental impacts and sustainability 

All papers for the ICREE 2013 will be published in JOCET (ISSN: 1793-821X) as one volume, and will be included in Engineering & Technology Library, EBSCO, Ulrich's Periodicals Directory, BE Data and Google Scholar, Cross ref, ProQuest and sent to be reviewed by Ei Compendex and ISI Proceedings.

 06, 05, 2013 News! The ICREE 2013 submission is open now.

This conference provides opportunities for the delegates to exchange new ideas and application experiences face to face, to establish business or research relations and to find global partners for future collaboration.

Submitted conference papers will be reviewed by technical committees of the Conference.

All papers for the ICREE 2013 will be published in JOCET (ISSN: 1793-821X) as one volume, and will be included in Engineering & Technology Library, EBSCO, Ulrich's Periodicals Directory, BE Data and Google Scholar, Cross ref, ProQuest and sent to be reviewed by Ei Compendex and ISI Proceedings.

One Excellent Paper will be selected from each oral session. The Certificate for Excellent Papers will be awarded in the Dinner Banquet on September 24, 2013.

Important Date

Paper submission (Full Paper)                                                    Before June 10, 2013
Notification of acceptance                                                                On June 30, 2013
Authors' Registration                                                                   Before July 20, 2013
Final paper submission                                                                Before July 20, 2013
ICREE 2013 Conference Dates                                                 September 23-24, 2013

Submission Methods:

1. Electronic Submission System; ( .pdf)

If you can't login the submission system, please try to submit through method 2.

2. Email: icree@cbees.org.  ( .pdf and .doc)

Publication Ethics - Penalty against Plagiarism

For more information: http://www.icree.net/

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Publications: Pioneering renewable energy options: Thailand takes up the challenge by L.Weischer (May 2013)

Pioneering renewable energy options: Thailand takes up the challenge by L.Weischer

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Thailand’s support policies for renewable energy (RE) in the power sector have allowed individual small projects to add up to something substantial, attracting more investment and leading to faster growth in the sector than in most other Asian nations. Thai energy policy is complex, and the development of RE has not been without controversy. While this Inside Story by the Climate and Development Network (CDKN) provides some elements of the context, it cannot cover all aspects of Thai energy policy. Instead it focuses on identifying factors that can explain the relative success of Thai policies and highlights some lessons for future development. The brief highlights that Thailand was among the first countries in Asia to introduce incentive policies for the generation of electricity from renewable energy (RE) sources, leading to rapid growth, particularly in solar power. Civil society involvement strengthened and improved RE policies in Thailand.

For more information: 
http://www.eldis.org/go/display&type=Document&id=65156?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+eldis-climate_change+%28Eldis+Climate+Change%29#.UZjiz6KnwVg

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Event: "「臺灣2050年零碳及再生能源百分百之可行性與必要性」全民論壇" organized by 行政院環境保護署 on 18 May 2013

如何邁向低碳的未來 環保署邀您集思廣益
提供單位：行政院環境保護署溫減管理室
發布日期：2013.05.06

因應氣候變遷是我們不可逃避的課題，低碳生活也是必要的選擇。然而，我們對於未來願景的描繪，必須以對減碳的策略、方法與路徑的詳細規劃為基礎。行政院環境保護署將於102年5月18日（星期六）下午1點到5點，於台北矽谷國際會議中心，舉辦「臺灣2050年零碳及再生能源百分百之可行性與必要性」全民論壇，歡迎所有公民報名參與討論。 

        臺灣已訂定自願減碳的目標：將溫室氣體排放量在2020年回到2005年的排放水準；並設定在2050年將排放水準降到2000年的一半，與減碳目標息息相關的能源政策與相應的能源結構，再生能源是眾所周知的低碳策略，然而國內各界對再生能源相關技術發展、成本計算與情境設定等，仍有相當認知差異。藉由公民參與，提出各種可行及理想情境，並討論背後之假設條件與，讓我們更能夠界定邁向低碳未來的挑戰與機會。 

        環保署希望透過這樣的交流平台激盪出不同的想法，讓未來的願景與路線圖更加清晰。透過全面評估及交流溝通，共同腦力激盪尋找合理可行方案來長期推動。 

        本次活動將以「世界公民咖啡館」的形式辦理，分為五個群組，共30個議題，進行三輪討論，公民可自行選定有興趣的群組參與。請上活動網站報名（網址：http://ecolife.epa.gov.tw/cooler/project/WorldCafe）。

For more information: http://ivy5.epa.gov.tw/enews/fact_Newsdetail.asp?InputTime=1020506151436

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Publication: Annual Market Update by Global Wind Energy Council (18 Apr 2013)

  

Wind power surges to new record

The Global Wind Energy Council released its Annual Market Update today, with a comprehensive snapshot of the global wind industry at the end of 2012, along with a 5-year forecast out to 2017. Although policy uncertainty in the main OECD markets is a cause for concern, strong markets in China, India and Brazil, as well as in new markets in Latin America, Africa and the rest of Asia will drive global growth during the period.

"Wind power may be variable, but the greatest threat to the continued stable growth of the industry is the variability and unpredictability of the politicians who set the frameworks for the energy sector", said Steve Sawyer, GWEC Secretary General. "However, all of the fundamentals which have driven wind power to date are still in place: energy security, price stability, local economic development, climate change mitigation and local air and water pollution issues; and wind is now competitive in an increasing number of markets, despite fossil fuel subsidies which last year amounted to an incentive to emit CO2 of about $110/tonne."

Record installations in the United States and Europe led global installations of 44.8 GW of new wind power globally in 2012, 10% more than was installed in 2011. Global installed capacity has now reached 282.5 GW, a cumulative increase of almost 19%. The forecast is for a modest downturn in 2013, however, followed by a recovery in 2014 and beyond; with global capacity growing at an average rate of 13.7% out to 2017, and global capacity nearly doubling to 536 GW.

The US regained the #1 spot for global markets in 2012 for the first time since 2009, eking out China by 164 MW. However, the late extension of the US Production Tax Credit on 1 January 2013 means that the US market will drop precipitously in 2013, although with substantial recovery expected in 2014. Europe's record installations in 2012 are unlikely to be repeated in 2014, as a result of policy uncertainty and backtracking.

"European Governments are driving up the cost of meeting their 2020 renewable energy targets by making policy changes that undermine investor confidence", said Thomas Becker, CEO of the European Wind Energy Association. "An ambitious and binding 2030 renewable energy target would hugely reduce uncertainty. It would create jobs and exports and boost Europe's world-leading wind industry."

After a year of market consolidation in China, the world's largest market with over 75 GW of installed capacity, Chinese authorities are calling for 18 GW of installations in 2013; and after a year-long policy hiatus in India, the market is expected to recover and return to growth in 2014. Brazil continues to lead the Latin American market, and may surpass 2 GW of annual installations in 2013; and both Mexico and Canada are expected to grow substantially over the period.

There are also hundreds of MW under construction in South Africa, with another 500 MW expected to come to financial close this year, leading a surge in installations in sub-Saharan Africa which began in Ethiopia in 2012. In Asia, Pakistan, Mongolia, the Philippines and Thailand are all expected to see significant installations in 2013 and beyond.

Annexes

Market forecast 2013-2017

Cumulative market forecast by region 2013-2017
Annual market forecast by region 2013-2017
target="_blank">Full report

Contact Information:

Lauha Fried, GWEC, +32 2 213 1898,lauha.fried@gwec.net

Further Resources

Market forecast 2013-2017  Cumulative market forecast by region 2013-2017  Annual market forecast by region 2013-2017  Full report  Global Wind Energy Council

For more information: 

http://www.unep.org/Documents.Multilingual/Default.asp?DocumentID=2713&ArticleID=9475&l=en&t=long

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New Book: Business Models for Renewable Energy in the Built Environment By Iea-Retd (18 Feb 2013)

Business Models for Renewable Energy in the Built Environment

By Iea-Retd

Published 18th February 2013 by Routledge – 200 pages

Description:

Business Models for Renewable Energy in the Built Environment provides insight to policy makers and market actors as to the ways that new and innovative business models (and/or policy measures) can stimulate the deployment of renewable energy technologies (RET) and energy efficiency (EE) measures in this field.

This project was initiated and funded by the IEA Implementing Agreement for Renewable Energy Technology Deployment (IEA-RETD). It analyses ten business models in three categories, covering different types of energy service companies (ESCO’s).

Included:

• developing properties certified with a ‘green’ building label
• building owners profiting from rent increases after EE measures
• property Assessed Clean Energy (PACE) financing
• on-bill financing
• leasing of RET equipment.

Coverage extends to the organisational and financial structure of the models and the existing market and policy context, plus analysis of Strengths, Weaknesses, Opportunities and Threats (SWOT).

The book concludes with recommendations for policy makers and other market actors on how to encourage and accelerate built environment renewable energy technologies.

Contents:

1. Introduction
2. Overcoming Barriers for the Deployment of Renewable Energy Technologies (RET) in the Built Environment
3. Business Models for an Increased Deployment of RET in the Built Environment
4. Analysis of Business Models
5. Synthesis: Business Models, Barriers, Market Segments and Actors
6. Recommendations for Policy Makers and Market Actors

For more information: http://www.routledge.com/books/details/9780415638685/

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Publication: Meeting India's renewable energy targets: the financing challenge by D. NELSON; G. SHRIMALI; S. GOEL (Feb 2013)

Meeting India's renewable energy targets: the financing challenge

Meeting India's renewable energy targets: the financing challenge

Authors: D. NELSON; G. SHRIMALI; S. GOEL

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This paper analyses the challenges for designing Indian national policy to attract investment in wind and solar energy at a reasonable cost. It also examines the impact of national and state policies on various classes of renewable energy investors, as well as the overall relative costs or benefits of policies on the final cost of renewable energy projects. The paper particularly focuses on the cost and availability of equity and debt, respectively, and the consequent implications for Indian renewable and financial policy.

The main sections of the paper address discuss:

• renewable energy industry trends;
• finding equity and raising debt;
• high cost of debt;
• equity;
• state of renewable energy finance’;
• government policy framework;
• policy analysis, including case studies from Brazil and China, and of India versus the United States and Europe.

Conclusions and next steps forward include the following.

• The most pressing problem facing renewable energy financing in India is the high cost of debt.
• General Indian financial market conditions are the main cause of high interest rates for renewable energy.
• The structure and regulation of the Indian power sector are significantly challenged, resulting in increased project risk and national policies that do not accurately reflect the realities of financial markets or state-level risks.
• Lessons learnt from, and policies developed by, developed economies may not be very useful due to differences in national financial markets that impact renewable energy policy design and effectiveness.
• The Brazilian Development Bank (BNDES) is an especially promising example of bridging the financing gap (it plays a major role in almost every renewable project in the country, often by offering long-term loans at below-market rates), which deserves further study and consideration by Indian policymakers.

For more information: 

http://www.eldis.org/go/display&type=Document&id=63800?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+eldis-climate_change+%28Eldis+Climate+Change%29#.UTICzqKRzEw

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South Korean Updates: S. Korea to build 18 new thermal power plants by 2027 (22 Feb 2013)

S. Korea to build 18 new thermal power plants by 2027 2013-02-22

S Korea-power plants 
S. Korea to build 18 new thermal power plants by 2027
SEOUL, Feb. 22 (Yonhap) -- South Korea will build up to 18 new thermal power plants by 2027 while also significantly expanding the generation capacity of clean, renewable power sources, such as solar and wind farms, the government said Friday.

The move comes as the country's electricity consumption is expected to grow by an annual average of 2.2 percent, from 482.5 billion kilowatt-hours this year to 655.3 billion kilowatt-hours by 2027.

The country's peak power demand is expected to grow at a faster rate of 2.4 percent per year from 79.7 million kilowatts in 2013 to over 110 million kilowatts in 2027, according to the Ministry of Knowledge Economy.

The government sets a 15-year power supply plan in place every two years. The latest is the sixth of its kind.

Under the new plan, the government seeks to increase the total generation capacity of clean, renewable sources to 12 percent of total consumption in 2027, compared with only 7 percent in 2025 under the fifth power supply plan announced two years earlier.

An additional 15.8 million kilowatts of electricity will come from the 18 new power plants in the plan approved Friday.

To secure enough supplies, the government has given out licenses to public and private companies to build 12 new thermal power plants using coal and six using natural gas.

Plans for new nuclear power plants, on the other hand, have been suspended.

"Considering the people's worsened sentiment toward nuclear power plants following the accident at Japan's Fukushima nuclear power plant (in March 2011), the government decided to withhold any decision on new nuclear power plants that were earlier set to be completed between 2025 and 2027," the ministry said in a press release.

The country earlier sought to build four new reactors by 2027. Without the four new reactors, the country's power reserve rate would dip from 22 percent in 2024 to 16.5 percent in 2027, the ministry said.

The power reserve rate is a crucial indicator of stability in power supply with a reserve rate of below 4 percent of total generation capacity considered dangerous. In 2012, the country's average power reserve rate stood just above the dangerous level at 4.2 percent, forcing the government to issue numerous power shortage warnings during peak seasons in summer and winter.

The ministry said dangers of a possible nation-wide blackout will be greatly reduced next year when the power reserve rate is expected to reach 16.3 percent with over 14 million kilowatt-hours added to the country's total generation capacity.

Still, the government said it will work to limit the growth of consumption, which will include rate hikes.

"The government will reform the rate system and also introduce a rate system that links the cost to price that will allow it to quickly reflect any changes in the global energy price," the ministry said.

South Korea imports nearly 97 percent of all fuel, such as oil or coal, consumed here.

bdk@yna.co.kr

Source: 
http://www.keei.re.kr/main.nsf/index_en.html?open&p=%2Fweb_keei%2Fen_news.nsf%2Fxmlmain%2F7CA8FD05480EE69149257B1A002265CE&s=%3FOpenDocument

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South Korean Updates: S. Korea's renewable energy industry expected to shrink in 2013 (20 Feb 2013)

S. Korea's renewable energy industry expected to shrink in 2013

2013-02-20

February 20, 2013

Yonhap News Agency

renewable energy-outlook 
S. Korea's renewable energy industry expected to shrink in 2013
SEOUL, Feb. 20 (Yonhap) -- South Korea's renewable energy industry is expected to lag behind global peers in 2013, industry data showed Wednesday, mainly due to the lack of government support.

The combined sales of local renewable energy firms came to 7.4 trillion won (US$6.9 billion) last year, down 7.86 percent from 8.1 trillion won tallied two years earlier, according to the data compiled by the state-run Export-Import Bank of Korea (Eximbank).

In contrast, the size of the global renewable energy market jumped 38 percent to reach $260.8 billion over the cited period. The number is anticipated to reach $271.3 billion this year, the data added.

Renewable energy refers to energy that comes from natural resources such as sunlight, wind, rain, tides and geothermal heat, which can be replenished by natural processes.

Market watchers said performances of local renewable energy firms are expected to remain stagnant down the road, largely due the weak support from the government despite Seoul's emphasis on "low carbon, green growth."
"The Chinese government, for example, provides full support to its renewable energy firms," said Kang Jung-hwa, a researcher at Eximbank. "In contrast, local companies cannot even receive sufficient financial aid."
While 15 major banks in China offered $332 billion in loans to their renewable energy firms, South Korean companies were only able to receive $2.54 billion from local banks.

"The government should also thoroughly enforce the renewable portfolio standard (RPS) system," said Shin Geun-ho, a researcher at IBK Investment & Securities Co. "Government support is vital in making infant energy firms stand on their own, just as the semiconductor industry."
The RPS policy, adopted in 2012, requires large-scale electricity providers produce a certain portion of power through renewable energy sources.

Since the first year of the presidency of Lee Myung-bak, South Korea has been pushing for the so-called green growth, which aims to reduce dependence on fossil fuels and promoting technologies that increase energy efficiency.

Renewable energy sources accounted for 5.8 percent of the global energy production in 2010, industry data showed. The figure is expected to reach 11.8 percent in 2020 and 17.7 percent in 2030 on the back of rising demand.

colin@yna.co.kr
(END)

Source: 
http://www.keei.re.kr/main.nsf/index_en.html?open&p=%2Fweb_keei%2Fen_news.nsf%2Fxmlmain%2F10BCB3340C01B16E49257B180017A0F0&s=%3FOpenDocument

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Vietnamese Updates: Wind energy in Vietnam (16 Jan 2013)

Wind energy in Vietnam Thứ tư, ngày 16 tháng 01 năm 2013 cập nhật lúc 13:19

Currently, the world is facing an energy crisis and increasing environmental pollution. Thus,  in the early 1980s of the 20th century, the wind farms began to be designed, built and for more than last 30 years, wind power has made remarkable progress in many countries.

 Vietnam is the country that has both great potential of wind energy and a favorable geographical position for the exploitation and development of wind energy, which enables Vietnam to be fully qualified for energy development.

Located in a subtropical monsoon climate with a long coastline, Vietnam has a favorable condition for the development of wind energy. According to the research by the World Bank, in the territory of Vietnam, two regions that are most potential for wind energy development are Son Hai (Ninh Thuan) and the sand hills at a height of 60 - 100 meters from the Western Ham Tien to  Mui Ne in Binh Thuan. In this region, the average wind velocity is strong, moreover, there are few storms  and the wind tends to be stable. During the monsoon months, the rate of the south and southeast wind reach up to 98% with an average speed of  6 - 7m/ second, which means that the speed can build a wind power station with a capacity of 3 - 3.5 MW2.

Vietnam's total wind power potential estimates at 513,360 MW, which is more than 200 times the capacity of the Son La hydroelectric power and more than 10 times the total capacity of the hydropower industry forecasts in 2020. According to the criteria for the construction of small wind power stations for economic development in disadvantaged areas, Vietnam has up to 41% of rural areas where small wind power can be developed

From the coastal to the inland areas, the wind energy can be captured thanks to flexible solutions. Wind power stations located in coastal areas often produce higher yields than that of those located in inland areas because the wind is very strong in coastal areas .

In addition to the planning and policies related to the development of renewable energy, the government of Vietnam issued Decision No. 37/QD-TTg dated June 29, 2011 on the mechanism supporting the development of wind power projects in Vietnam. This decision also regulates that wind power projects are exempt from import tax for imported goods to form fixed assets of the projects. Imported goods are raw materials, materials, and semi-finished products which can not be produced domestically. Corporate income tax rate as well as the exemption or reduction of corporate income tax for wind power projects is applied as for projects in the field of special investment incentives.

The government also set up wind power development goals through Decision 1208/QD-TTg issued by  Prime Minister dated on July 21, 2011 approving of the national electricity development plan in the period 2011 - 2020, vision to 2030 that reach approximately 1,000 MW (equivalent to about 0.7% of total power capacity) in 2020, and about 6.200MW (about 2.4% of total power capacity) in 2030.

                                                                    Lê Mai

Source: 
http://www.monre.gov.vn/v35/default.aspx?tabid=675&CateID=58&ID=124648&Code=IYFR124648

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Chinese Updates: China Working to Cut Idled Wind Farm Capacity, Official Says (11 Jan 2013)

China Working to Cut Idled Wind Farm Capacity, Official Says

By Bloomberg News - Jan 11, 2013 1:57 PM GMT+0800

China, the world’s biggest carbon emitter, is making progress in connecting idled wind farms to the electricity grid, helping to address a roadblock slowing the development of wind power.

“The issue is in the process of improvement, given the efforts made by grid companies,” Jiang Liping, vice president of the State Grid Energy Research Institute, said in a phone interview on Jan. 10, without disclosing the connection rate.

The adoption of wind power in China has been damped by the electricity grid’s ability to handle the influx of energy, forcing the government to impose stricter approvals on new projects. The rate of wind capacity sitting idle could fall to as low as 10 percent this year, compared with 25 percent at the end of 2011, Jun Ying, Bloomberg New Energy Finance’s head of research in China, said by e-mail.

“It’s the lack of economic incentives that discourage grid companies to take in more renewable power,” said Beijing-based Ying. “It means extra work and costs, but no extra benefits for grid companies to do so.”

China this year plans to add 49 gigawatts of renewable- energy capacity, including hydro power, to boost power production without increasing its reliance on fossil fuels, the National Energy Administration said in a statement on its website earlier this week. Installed capacity totaled about 39 gigawatts in 2012, according to Bloomberg New Energy Finance.

Wind Power Growth

China probably added 16.4 gigawatts of wind power last year, 20 percent less than the previous year, according to Bloomberg New Energy Finance. This year, wind installations may grow by 16.3 gigawatts, NEF forecasts. That compares with China’s goal of adding 18 gigawatts of wind generation and 10 gigawatts of solar in 2013, according to the NEA’s Jan. 8 statement.

The wind-power target is larger than Bloomberg New Energy Finance’s forecast because the projects referred to by the government aren’t necessarily built and connected in the same year, Ying said.

The solar goal for 2013 “is much higher than our forecast ranging from 3.9 to 7.3 gigawatts, indicating the strong determination from the government to boost the domestic photovoltaic market to support its manufacturers,” Ying said in the e-mail.

The New York-traded shares of Suntech Power Holdings Co. (STP), the world’s biggest solar-panel maker, fell 31 percent in 2012 while Trina Solar Ltd. (TSL), which also trades in New York, declined 35 percent in the same period. Suntech has gained 20 percent since Jan. 8 when China announced its targets for renewable energy this year; Trina is up 22 percent.

“The market will likely take up more slowly than the government expects, due to electricity trading restrictions, grid connection barriers, lack of eligible rooftops and project quality issues,” Bloomberg New Energy Finance’s Ying wrote, referring to China’s solar capacity.

To contact the reporter on this story: Feifei Shen in Beijing at fshen11@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Source: 

http://www.bloomberg.com/news/2013-01-11/china-working-to-cut-idled-wind-farm-capacity-official-says.html

Photo source: http://www.clearwinds.co.uk/winds-of-change-blow-through-china/

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