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haha....Stockking mentioned hydro power!! Most possibly they missed out hydro power, which cost near to zero dollar when compared to those mentioned in the report!!
China got it hydro power going with the tame of Yangtze.
There was no mention of hydro power in the Reuters report.
Alternative energy sated 7% of China's needs last year, and the country's top economic planning agency said up to US$188 b must be invested to reach the 2020 goal. Economic growth hovering at 10% will fuel power consumption over coming years anyway.
China Solar wants a six-fold profit leap next year, and the nation's top wind turbine maker, Goldwind, is pursuing a U.S. IPO to propel an eight-fold surge in sales to a target of US$500 m by 2008.
CLP Holdings, Hong Kong's dominant power supplier, is planning Asia's largest offshore wind farm in the territory.
And following a successful U.S. IPO by Suntech Power last December, Yingli Solar plans to raise US$400 million in the Nasdaq's largest IPO by a Chinese firm, the first of at least five waiting in the wings, sources have told Reuters.
"Solar energy today is still expensive," said Chan Ka Keung, managing director at the renewable division of CLP Holdings Ltd. "It's beyond what we should consider on a commercial basis."
Beijing appears to have the resolve - and the need - to push ahead.
Still, analysts have warned of a potential regulatory about-face or waning enthusiasm, the absence so far of a detailed incentives-and-subsidies plan, and a lack of official experience in the area.
Credit Suisse also warned competition may put downward pressure on wind turbine prices, and thus margins.
Yet if all gels, China -- which claims already to be the top annual investor in renewable energy on the planet -- could leverage the world's highest wind-power capacity potential.
China aims to have 30 gigawatts of installed wind power capacity by 2020, up from just 1 GW last year and powering between 13 and 30 m households at full capacity according to industry estimates.
Ya...hydro power is renewable power...environment friendly too!!
Don't forget Hydro Power!! Take a closer look at Asia Power!!
Thk U for putting up so much hard work. China renewable enegy, listed sgx renewable stocks got chances to cheongg..when good time come. Solar power is oso free one, biomass (WTE is oso charges to consumers), ethanol, corn for biofuel and with china govt support. Wow.. how to lose $$$. China oso wanted to cut imported oil bill by 20% look on target liao.
China is set to spend US$200 b on renewable energy over the next 15 years. Chinese and foreign firms are erecting 40-storey wind turbines, installing solar panels, and conducting tests on corn for biofuel.
China wants 10% of its energy to come from environmentally friendly sources by 2010. Projects will need turbines, blades and other power components. Hence China Solar Energy Holdings, Shanghai Electric and Suntech are expanding capacity in the country.
Beyond 2010, the world's 2nd largest power user wants to boost consumption from renewable sources to 20% of its total by 2020 and slash reliance on imported oil.
Credit Suisse estimates the compound annual growth rate of China wind power capacity at 39% in 2004-10 and 20% in 2010-20. This respresents a remarkable growth potential for manufacturers of wind turbines.
Beijing's new renewable energy policy, unveiled in Jan, aims to create a system of financial and policy support for the use of renewable energy. This includes preferential tariffs for fuels such as biomass.
Renewable energy projects need intensive and long-term government support.