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Market Outlook for Clean Energies in China
Solar Energy
In recent years, to achieve sustainable development of energy and environment protection, various countries have given top priority to the development of solar photovoltaic (PV). With the strong support from the governments of various countries, the solar PV industry has been developing rapidly. For the past decade, the annual growth of the production of solar cell and component has reached 33%, and the growth rate for the past 5 years was 43%. In the long run, Solar PV energy will become the major source of world energy supply. Based on the forecast of Joint Research Centre of the EU Commission, by 2030, renewable energy supply will account for more than 30% of world total energy supply, and solar PV will account for more than 10% of world total energy supply.
China is rich in solar energy resources. 96% of the land in the country receives ample sunlight. Compared with other countries with the same latitude, Chinas solar energy resource is at the same level with that of USA, and much higher than Japan and many European countries. With more extensive application of solar PV in rural areas, urban building roofs and deserts, Chinas solar PV market will see rapid development in upcoming years. By 2020, the solar PV power system will generate 1.8 GW of energy for China.
Bio-energy
China also has rich bio-energy resources. Currently, China has usable bio-energy resource potential equivalent to 280 million tons of coal, which all comes from various wastes. With social and economic development, the potential for biological waste will increase. By 2020, the potential will reach the amount equivalent to 450 million tons of coal, and by 2030, the amount will be equivalent to 640 million tons of coal. Taking the energy potential from energy crop and forestry, the figure can reach about 800 million tons of coal.
According to Middle and Long Term Program of Renewable Energy Development, China will focus on the development of four aspects: agricultural and forestry biomass power generation, liquid bio-fuel, methane gas and methane gas power generation, solid bio-fuel technologies. The governments objective is to achieve 30 GW installed capacity from biomass power plant, annual production of 10 million tons of liquid bio-fuel, annual consumption of 40 billion m3 of methane gas and 50 million tons of solid bio-fuel by 2020. And by that time, bio energy will account for 4% of total primary energy.
Other clean energy
Hydro power is also an important renewable energy source for China. According to the national water energy resource research in 2003, Chinas potential for installed hydro power amounts to 540 GW, and will be able to generate 2470 billion kWh of power. By the end of 2007, Chinas installed hydro power reached 145 GW, generating 480 billion kWh, accounting for 16% of the countrys total power generation amount.
According to the Middle and Long Term Program of Renewable Energy Development, by 2020, Chinas installed hydro power is targeted to reach 300 GW, and by 2030 |
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when China completes the development of hydro power plant, its installed hydro power will reach 350 GW, and generates 1500 billion kWh of power.
China also has great potential for the development of geothermal and ocean energies. According to an initial projection, Chinas geothermal energy resource is equivalent to 3.3 billion tons of coal. And the utilization of geothermal energy is increasing at an annual speed of 10%. Ocean energy includes tidal energy, wave energy and current energy. China has already built 8 tidal energy plants, and is still exploring further developments in this field. In addition, China has also achieved rapid development in the use of wave energy. |
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