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Research Report on Wind-Power Generation Industry in China
2006 |
Research Report
on Wind-Power Generation Industry in China 2006
Introduction
China encourages the development of wind power in its
“National Middle and Large Term Development Plan”. According to
the plan, by 2010, China's installed capacity of wind power will
reach 5GW. By 2020, it will achieve 30GW. In order to achieve
this level of growth, China needs to build 800MW of new wind
power capacity each year from 2006 to 2010.
In Feb 2005, China's Renewable Energy Law was formulated and was
put into effect on January 1, 2006. The law stipulates that the
power grid company must sign a grid connection agreement with
the wind power generating company and purchase the full amount
of the wind power generated by it. The tariff of wind power will
be determined by the wind farm project tendering. The winner's
quoted tariff will be the tariff of that wind farm project.
By the end of 2005, total installations in mainland China had
reached 1260 MW,with an annual growth of 60 %.
The plants in existence in China, which produce and sell
blade, mainly include Tianjin LM, (ZhongHang (Baoding) Huiteng
Windpower Equipment Co., Ltd and Lianyungang Zhongfu Lianzhong
Composites Group Co. Ltd which put into production in 2006.
ZhongHang (Baoding) Huiteng mainly provides blade of 660KW and
750KW for Goldwind Sich-tech Co. Ltd and is developing blade of
1.3 megawatt and 1.5 megawatt, with annual installed blade
output of 40 thousand kilowatt in 2004. Vestas and Gamesa plan
to build plants in China recently, but will only supply blade
for themselves. The blade plant Vestas plans to build in Tianjin,
China will have an annual output of 200 sets with full-load
operation; Lianyungang Zhongfu Lianzhong Composites Group Co.
Ltd currently only produces 6 pieces of blade for test, without
the production capacity. The company has bought the license and
second-hand production equipment of German Noiret. LM mainly
provides blade of 1.5 megawatt for GE, with possible annual
output of a hundred of sets of blade.
Th

Table of contents
1. Background of wind-power generation industry 4
1.1 Overview of wind power utilization 4
1.2 Global wind power market in 2005 5
1.3 Variation tendency of wind-power generation cost in the
world 10
1.4 Analysis of wind-power technology and equipment
manufacturing industry in the world 12
1.4.1Overview of wind-power generation equipment
manufacturing industry in the world 12
1.4.1.1 Denmark 12
1.4.1.2 Germany 13
1.4.1.3 Spain 14
1.4.1.4 The Netherlands 16
1.4.1.5 U.S.A. 17
1.4.1.6 U.K. 18
1.4.1.7 Canada 19
1.4.1.8 Australia 20
1.4.1.9 India 21
1.4.1.10 Japan 23
1.4.1.11 Brazil 24
1.5 Wind energy resources in China 25
1.5.1 Overview of wind energy resources in China 25
1.5.2 Distribution characteristics of wind energy resources
in China 31
1.5.3 Wind power resources in Inner Mongolia 35
1.6 Present situation of wind-power plants construction in
China 36
1.6.1 Overview of development of wind-power plants in China
36
1.6.2 State of newly-increased wind turbine generator
systems in China in 2005 37
1.6.3 Development of investment costs of wind farm in China
and average Wind Turbine Size 49
1.6.4 Situation of development of wind-power generation in
Inner Mongolia 51
1.6.5 Situation of exploitation of wind-power generation in
Zhejiang 53
1.7 Wind turbine generator systems manufacturers 55
1.7.1 Wind turbine generator systems manufacturers in the
world 55
1.7.2 Market share of Chinese Domestic Suppliers 56
1.7.2.1 Wind Turbine Generators Market in China 56
1.7.2.2 Profile of Chinese Domestic Suppliers 57
1.7.2.3 Profile of Foreign Suppliers 58
1.7.3 Component manufacture enterprises of wind turbine 59
1.7.3.1 Blade 59
1.7.3.2Gearbox 62
1.7.3.3Generator 62
1.7.3.4Yaw system 63
1.7.3.5Control system 63
1.7.3.6 Lists of major parts manufacturing enterprises in
China 63
1.8 Electricity price of wind-power generation and its
comparison with that of coal electricity and other renewable
energy 66
1.8.1 Overview of feed-in tariff 66
1.8.2 Approval system of feed-in tariff 66
1.8.3 Comparison electricity price of wind-power electricity
with that of coal electricity 67
1.8.4 Comparison of electricity price of wind-power with
that of other renewable energy 70
1.9 Present policies and codes on wind-power generation in
China 71
1.9.1 Existing policies 71
1.9.2 Related Wind-power generation policies issued by State
Develop and Reform Commission 72
1.9.3 Supporting projects 73
1.9.4 Concession projects 73
1.9.5 RENEWABLE ENERGY LAW & REGULATIONS FOR RENEWABLE
ENERGY POWER 76
1.9.6 Analysis of administrative approval system for
wind-power projects in China 80
1.9.7 Land use right approval system for wind-power projects
in China 83
1.10 Forecast on installation scale of wind-power generation
in the following twenty years 83
1.10.1 Forecast on installation scale of wind-power
generation in China 83
1.10.2 Forecast on installation scale of wind-power
generation in the world 84
2 Investment risks of wind farms and analysis of investment
cases of the key wind farms 88
2.1 Analysis of investment risk of wind-power generation 88
2.1.1 Problem of accuracy of wind-power resources 88
2.1.2 Geographical locations of wind farms 89
2.1.3 Problem of localization of wind turbines 90
2.1.4 Cost of wind project investment 92
2.2 Analysis of the profit capacity and future of wind power
94
2.3 Economic effect analysis of Huizexile wind power project
in Innermongolia 96
2.3.1 Basic introduction of the wind power field 96
2.3.2 Wind power status of the wind power field 96
2.3.3The conditions of on Grid 97
2.3.4 Analysis of economic proceeds of investment 98
2.3.4.1 Overal economic analysis 98
2.3.4.2 Effects of prices of wind turbines on cost of
wind-power generation units 99
2.3.4.3Effects of maintenance and management expenses on
cost of wind-power generation 100
2.3.4.4 Effects of service life of wind turbines on cost of
wind electricity price 101
2.3.4.5 Effects of annual electricity generation on cost of
wind electricity price 102
2.3.5 Exist problem 102
2.4 The analysis of economic benefits in power wind projects
in Heilongjiang Province 104
2.4.1 Wind resources conditions 104
2.4.2 Construction plan of the project 104
2.4.3 Investment cost and capital resource 105
2.5 The analysis of economic benefit obtained from
investment to one wind electric power project in Liaoning
Province 108
2.5.1The overview of the wind farm No.1 108
2.5.2 The overview of wind farm No.2 110
2.5.3 The overview of wind farm No.3 110
2.5.4The economic benefit analysis of the project 110
Tables 112
Figures 113
Tables
Table 1 GROWTH RATES IN TOP 10 MARKETS 7
Table 2 Global installed wind power capacity(Mw) – Regional
Distribution 9
Table 3 Electricity generation cost of energy resources in
the world (US$kwh) 10
Table 4 Cost of wind-power generation and investment trend
per kw 11
Table 5 SPAIN: TOTAL INSTALLED CAPACITY 15
Table 6 UNITED KINGDOM: TOTAL INSTALLED CAPACITY 18
Table 7 CANADA: TOTAL INSTALLED CAPACITY 20
Table 8 INDIA: TOTAL INSTALLED CAPACITY 23
Table 9 JAPAN: TOTAL INSTALLED CAPACITY 24
Table 10 Wind resource by province in China 33
Table 11 Classification of wind energy resources zone in
China 34
Table 12 Wind resource classification of Inner Mongolia
region 35
Table 13 Basic data analysis and processing results of Wind
fields 36
Table 14 Wind Turbines Distribution in China by province in
2005 38
Table 15 Wind farms in China by Dec 31th, 2005 38
Table 16 Installed in 2005 by wind farms 44
Table 17 Installed in 2005 by manufacturer 46
Table 18 Installed capacity of wind farms in Inner Mongolia
by Dec 31th, 2005 51
Table 19 Wind Turbine Manufacturers' Market Share 55
Table 20 Wind Turbine Generators Market in China 56
Table 21 Major Chinese wind turbine manufacturers 58
Table 22 Major foreign wind turbine manufacturers 59
Table 23 Quote for main components of wind turbine
equipment(in terms of 600KW turbine) 60
Table 24 Prediction of Chinese wind turbine Blade market
before 2020 61
Table 25 Major parts manufacturing enterprises of domestic
wind generators 63
Table 26 Wind energy cost(Unit:Yuan) 69
Table 27 Calculation of Price for selling wind electricity
69
Table 28 Price for purchase wind electricity(tax not
included) 69
Table 29 Price comparison of wind-power generation and coal
electricity generation in regions of China (Yuan/kwh) 70
Table 30 Selling price comparison of different type of
electricity in China 70
Table 31 Energy cost comparision 70
Table 32 Wind concession projects in China 74
Table 33 Relation between the annual electricity generation
and wind velocity of the wind turbine (100kw type) 89
Table 34 Quote for main components of wind turbine
equipment(in terms of 600KW turbine) 93
Table 35 cost of some wind plants being built or to be built
since 2005 94
Table 36 Simulated profit capacity of wind plants of 100
thousand Kw (unit: 100 million Yuan) 94
Table 37 Influence of wind turbine price on cost of wind
electricity price 100
Table 38 Influence of maintenance cost to unit cost 100
Table 39 Influence of service life of wind turbines on cost
of of wind electricity price 101
Table 40 Annual electricity generation on cost of wind
electricity price 102
Figures
Figure 1 Denmark's Cumulative and Annual Wind Power Capacity
1990-2003 and 2003 13
Figure 2 Germany's Cumulative and Annual Wind Power Capacity
1990-2003 and 2003 Market Participants 14
Figure 3 Spain's Cumulative and Annual Wind Power Capacity
1990-2003 and 2003 Market Participants 15
Figure 4 The Netherlands' Cumulative and Annual Wind Power
Capacity 1990-2003 and 2003 Market Participants 17
Figure 5 USA's Cumulative and Annual Wind Power Capacity
1990-2003 and 2003 Market Participants 17
Figure 6 2003 Market Share (195 MW) 19
Figure 7 Canada's Cumulative and Annual Wind Power Capacity
1990-2003 and 2003 Market Participants 20
Figure 8 Australia's Cumulative and Annual Wind Power
Capacity 1990-2003 and 2003 Market Participants 21
Figure 9 India's Cumulative and Annual Wind Power Capacity
1990-2003 and 2003 Market Participants 22
Figure 10 Japan's Cumulative and Annual Wind Power Capacity
1990-2003 and 2003 Market Participants 24
Figure 11 Distribution map of China's wind energy 31
Figure 12 Distribution map of annual duration of wind speed
above 3m/s in China 32
Figure 13 Installed capacity of wind turbines in China(10
Mw) 38
Figure 14 Location of existing and some projected wind farms
in China by 2004 48
Figure 15 Development of investment costs of wind farm in
China 49
Figure 16 Wind Turbine Manufacturers' Market Share in 2004
55
Figure 17 Administrative Approval System for wind-power
projects in China 83
Figure 18 nfluence of wind turbine price on cost of wind
electricity price 100
Figure 19 Influence of service life of wind turbines on cost
of of wind electricity price 101
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