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China’s Power Sources & Clean Energy Technologies Are Expanding: Some Companies to Know About

In agriculture, biofuel, Biotechnology, china, cleantech, Energy, Environment, finance, greentech, investment, maintech, Power Grid, Science, Sustainable, Technology, Venture Capital on February 11, 2010 at 2:23 am

China, the world’s largest polluting nation, is working with international organizations and private industry to develop cleaner energy models to combat climate change and meet demand for power in an economy that expanded 10.7 percent in the fourth quarter 2009.

By 2020, China aims to use 10 million tons of bioethanol and 2 million tons of biodiesel, replacing 10 million tons a year of petroleum-based fuel, Chen Deming, vice chairman of the National Development and Reform Commission, told a news conference.

The companies described here are not meant to be a complete list of Chinese companies engaged in clean energy nor is Bolton Hill Consulting, Ltd. making any specific recommendations with respect to these companies. The descriptions are provided here for information purposes only to help companies unfamiliar with China’s clean energy interests to better understand the rapidly changing landscape and some of the pivotal players in China.

The companies described below are powerful in China or have shown rapid growth. They may be working with American and European companies or they are likely to do so in the near future. These companies are acquiring foreign companies, setting up subsidiaries, developing new technologies and making innovative use of existing technologies.

A Large Scale Demonstration Project: China Renewable Energy Scale-up Program (CRESP)

The CRESP program was developed by the Government of China (GOC) in cooperation with the World Bank (WB) and the Global Environment Facility (GEF). Together, these entities have been implementing the Renewable Energy Scale-up program for China which aims to create a legal, regulatory, and institutional environment conducive to large-scale, renewable-based electricity generation in two Chinese provinces. The Institutional Development and Capacity Building component includes: Mandated Market Policy MMP research and implementation support; technology improvement for wind and biomass; and long-term capacity building.

  • In Fujian, a 100 MW wind farm at Changjiang’ao, Pingtan Island. The Pingtan wind farm will consist of wind turbines, associated civil and electrical works, an extension to an existing control room, a switchyard, and a 15 km, 110 kV transmission line from the wind farm to the Beicuo substation, which will be upgraded to meet the evacuation needs of the wind farm. In Jiangsu, a 25 MW straw-fired biomass power plant at Mabei Village, Rudong County.
  • The Rudong power plant will consist of one 110 ton per hour, high-temperature, high-pressure strawfired boiler, one 25 MW steam turbine, and associated mechanical, electrical, and civil works.

Get to Know These Companies:


1. China Huaneng Group Corp, China’s Largest Power Producer

  • The company may be planning to take its wind power unit public in a Hong Kong share sale this year worth at least $1 billion, said people familiar with the plan.

2. China Power Engineering Consulting Group Corporation or “The Group”

  • “The Group” is active in developing new clean technologies and leads the country not only in design of conventional thermal power plants, transmission and substations.
  • The Group Corporation has also carried out widespread international exchange and cooperation with many foreign enterprises groups and engineering companies.
  • The Group Corporation plays leading role in scientific research, standardization and technical information for power survey and design, undertakes new technological research and development, introduces, assimilates and innovates new technologies.

3. China Southern Power Grid Corporation Ltd.: Managing China’s Grid

China Southern Power Gird Corporation is administered by the central government,with independent budgetary status.The total assets of the new power gird operator surpass 203.8 billion yuan(US$24.10billion) and its registered capital is 60 billion yuan (US$7.23billion).Its main responsibilities are:to operate and manage power gird according to the law,ensure reliable power supply,plan the development of regional power gird,foster regional power market,manage power dispatching and trading center,and carry out power dispatching according to power gird operation laws and the market regulations.

4. China SDIC Power: Received Largest Capital Injection of Power Assets ever

China SDIC Power’ takeover of power assets from its controlling shareholder, State Development and Investment Company, for a consideration of RMB 7.69 Bn. After the transaction, SDIC power assets achieved a whole listing. This deal was the largest capital injection to a listed company by its controlling shareholder in 2009, and the largest capital injection of power assets ever. Along with the commission of a number of key power projects, such as cascade hydropower stations in the Yalong River Valley and Tianjin million-kilowatt extra supercritical thermal power station-a pilot project of circular economy, the total installed capacity of SDIC will reach 50000 MW by 2012, with total assets of SDIC’s power business exceeding RMB 140 billion.

Wind Power in China

  • Chinese wind power capacity doubled for the fifth time by end of 2009, to 25.1 gW by the end of 2009, a third of the global additions in the previous 12 months, according to the Global Wind Energy Council.

5. China Longyuan Power Group Corp, China’s Biggest Wind-Power Producer in December raised HK$20.1 billion in the world’s second-largest alternative energy initial public offering (IPO) since at least 1999, according to data compiled by Bloomberg.

6. Xinjiang Goldwind Science & Technology Co 002202.SZ,: Growing Chinese Wind Generator Manufacturer- The Group’s principal activities are manufacturing, marketing and selling large-sized wind generator sets. Other activities include introducing and applying wind generating technology; manufacturing and selling parts of wind generating sets; providing consulting services in building and operating wind generating plants; building and operating middle-sized wind generating plants. This company is already listed in Shenzhen, aims to raise $1.5 billion from a Hong Kong IPO in the first half of this year, sources told Reuters earlier.


Biofuel in China:


By 2020, China aims to use 10 million tons of bioethanol and 2 million tons of biodiesel, replacing 10 million tons a year of petroleum-based fuel, Chen Deming, vice chairman of the National Development and Reform Commission, told a news conference. “In the future, all the biofuel production will use non-grain crops,” Chen said.

7. China Clean Energy (OTCBB:CCGY) : develops and manufactures biodiesel and environmentally-friendly specialty chemical products made from renewable resources through its subsidiaries, Fujian Zhongde Technology and Fujian Zhongde Energy. It’s new plant (Oct. 2009)  has been designed to produce up to 100,000 tons of biodiesel annually or a combination of as much as 40,000 tons of biodiesel and 30,000 tons of specialty chemicals.

8. Novozymes in China: laboratory and research facilities have now doubled in size Novozymes has a total of around 200 employees in Beijing, including 100 or so working in research and development. Lykke Friis, the Danish Minister for Climate and Energy:“The idea behind the extension is to strengthen our research into biomass for advanced biofuels, made from waste materials such as straw. Here in China we’ve entered into partnerships with two important players in the field, namely COFCO and Sinopec.” Novozymes to Announce Details on Cellulosic Ethanol Technology February 16, 2010 at NEC Conference

9. China Biodiesel Holding Corporation: leading product is Biodiesel, while the sideline-products are oleic acid methyl ester,C16C18 fatty acid methyl ester, coconut oil methyl ester. The main market is located in mainland China, but abroad channels are maturing, including Europe, East Asia, and North America.  They report that their current total capacity is now 100,000 tons per annum (Feb 2010)

SDIC’s Hydropower Projects


Along with the commission of a number of key power projects, such as cascade hydropower stations in the Yalong River Valley and Tianjin million-kilowatt extra supercritical thermal power station-a pilot project of circular economy, the total installed capacity of SDIC will reach 50000 MW by 2012, with total assets of SDIC’s power business exceeding RMB 140 billion.
Investment Projects
10. SDIC HUAJING POWER HOLDINGS CO.,LTD.
11. ERTAN HYDROPOWER DEVELOPMENT COMPANY,LTD.
12. SDIC YUNNAN DACHAOSHAN HYDROPOWER CO,LTD.
13. SDIC QINZHOU ELECTRIC POWER CO.,LTD.
14. JINGYUAN SECOND POWER CO.,LTD.
15. GANSU XIAOSANXIA HYDROPOWER DEVELOPMENT CO.LTD.
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