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Liu Qi, Deputy Director of the National Energy Administration (NEA), said, "The accidents took place partly because we had emphasized the construction of wind farms on a large scale but neglected product quality and management." After these accidents, SERC carried out a comprehensive check of the wind power farms nationwide in August, focusing on the safety management.
Sinovel adds that "macroeconomic cyclical fluctuations as well as delays to some project approvals impacted sales revenues and also caused a relatively large increase in management costs". Management costs went up 78% to 288m yuan.
Tokyo Electric Power Co will sell part of its stake in Japan's biggest wind power developer, the troubled utility said on Tuesday, as it looks to raise funds to compensate those affected by the ongoing crisis at its crippled Fukushima nuclear plant.
The blade became detached from the G5X-850 850kW turbine earlier this week. Reports suggest the stray component hit a transmission line. The turbine was installed around three years ago and is part of a wind farm in southern India operated by Pioneer Wincon.
Following five successive years of impressive growth, China's wind power sector saw its growth rate decline to 37 percent in 2010. ...the rapid development of the wind power market has led to excessive competition and accelerated formation of a bubble.
"We faced a difficult pricing environment in our primary wind power market, resulting in margin pressure and lower sales volume." Though China has been consistently installing wind, global markets have slowed due to financial concerns and turbulent regulatory environments.
SERC said on Wednesday that the inspections, which will run all month, will include wind farm safety management, operations, grid connections and the actual wind turbines. The move follows four massive incidents in Jiuquan, Gansu province, one of the most important wind power bases in China.
"The Inner Mongolia Grid has reached its upper limit in accepting wind power for local consumption. The only solution is to send out wind power over long distances and integrate it into the much larger State Grid. This is hard to do because we do not yet have a concrete method of transmitting wind power."
China's National Energy Bureau (NEB) is seeking to rein in the country's overheated wind power industry through the introduction of new regulations to standardise the examination and approval of small wind farm projects.
Tokyo Electric Power Company (TEPCO) is limiting generation from renewable plants (including wind) to 5% of their installed capacity. ...Hokkaido Electric Company [is] also capping wind farm contributions to 5% of their capacity. In addition, Arakawa acknowledged that "small [wind farms] across the country are disconnected" and that these are unlikely to rejoin the electricity network until the nuclear crisis is stabilized.
The company also warned that its income tax holiday and equipment warranties are nearing expiry and will thus mean added tax and maintenance costs that will have to be paid. Selling to the wholesale electricity spot market, meanwhile, will cause the financial profile of NorthWind to turn "dire" as power sells here for at a lower P3.74/kWh on average.
The annual growth rate of China's installed wind capacity is set to slow down, said Shi Pengfei, vice-president of China Wind Energy Association (CWEA). ...Now, the grid has become a bottleneck for the expansion of the Chinese wind power industry.
Chinese wind turbine maker Sinovel Wind Group Co slumped by nearly 10 percent in its Shanghai trading debut on concerns its stock is overpriced and that rising competition will slow its earnings growth. ..."And wind stocks are no longer that attractive to investors."
Datang Renewable Power Co., the wind power unit of China Datang Corp., raised a blustery 4.8 billion Hong Kong dollars ($617 million) on the Hong Kong Stock Exchange in an initial public offering Dec. 17. But the final issue price of HK$2.33 per share scraped the bottom of the indicative range raised fears that wind-energy investing in China is drifting in the doldrums.
Huaneng Renewables, the wind power subsidiary of China's leading power producer，China Huaneng Group, pulled its December 16 Hong Kong IPO plan because of insufficient investor support to reach the minimum subscription, and this shows investors are losing enthusiasm for China's wind farms.
Judging by the din at its factory here one recent day, the Spanish company Gamesa may seem to be a thriving player in the Chinese wind energy industry it helped create. But Gamesa has learned the hard way, as other foreign manufacturers have, that competing for China’s lucrative business means playing by strict house rules that are often stacked in Beijing’s favor.
Huaneng Renewables Corp, which holds among China's largest wind assets, pulled its up to $1.28 billion initial public offering as a stalemate at the U.N. climate talks and a weak Hong Kong market hurt investor appetite.
The wind-power boom on the mainland in recent years had left behind quality "time bombs" that could blow up the industry's long-term growth. Some turbines installed three or four years ago have already begun to show signs of ageing, with issues ranging from oil leaks and gearbox malfunctions to blades snapping, Gao said. They were supposed to last for a decade with little maintenance.
The poor performance comes as Asian governments are pumping vast amounts -- spending exceeded $39 billion in 2009, with China accounting for the bulk of that -- into renewable energy and other environment-related projects. It may mean that companies in the business will find it harder to attract new capital. A third of the 20 worst-performing Japanese funds this year are green funds.
Orient Green Power (OGPL) has ambitious plans to grow in the renewable energy industry in India. With huge unmet power demand in the country and fiscal incentives in place, the scope to grow is immense. However, the company is suffering from losses and is overly dependent on its parent group companies. Also, wind and biomass power plants have their own risks.