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Wind projects worth USD 9.2b win nod
Published on: 2012-12-21
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altChina has approved four major wind power projects whose investment totaled CNY 57.2 billion (USD 9.2 billion) between August and September as part of efforts to boost the economy and develop the renewable energy sector.
 
The projects include a wind project in Chifeng, Inner Mongolia by China Datang Corp and one windmill farm complex in Hami, Xinjiang Autonomous Region, by 10 companies led by China Power Investment Corp, the National Development and Reform Commission said in statements posted on its website yesterday.
 
The top economic planning agency also gave the go-ahead to China Guodian Corp and seven other companies for their project in Jiuquan, Gansu Province, and to China Huadian Corp and six other firms for a project in Baotou, Inner Mongolia.
 
China has been the main growth driver of the world's wind industry for the last five years, but the phenomenal growth has outstripped the ability of the grid and system operators to manage it. In 2011, over 10 billion kilowatt hours of wind power were lost because the grid had no capacity to absorb it, according to the Global Wind Energy Council.
 
Analysts believe the Chinese wind power market is now entering a more steady development and refinement stage.
 
The NDRC has also approved other infrastructure projects, such as roads and subways, in recent months as the government seeks to revive growth.
 
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