Posted on 03/12/2010 2:36:54 PM PST by NRG1973
China is idling as much as 40 percent of its wind-turbine factories following a surge in investment driven by the government’s renewable-energy goals, the vice president of Shanghai Electric Group Corp. said.
Prices of turbines have tumbled more than 30 percent from 2004 levels in the world’s third-biggest windpower market by generating capacity because there are “too many” plants, Lu Yachen said in an interview in Beijing today.
China set a goal to increase its power-production capacity from wind by fivefold in 2020, spurring investment in turbine factories. There is a surplus of such plants, National Energy Administration head Zhang Guobao said in September, without giving figures.
“The overcapacity in manufacturing is caused by slower growth in wind-farm construction due to power-grid constraints,” Dave Dai, an analyst with CLSA Asia Pacific Markets, said by telephone from Hong Kong. “The issues with the grid aren’t expected to ease in the near term but should improve with the development of smart-grid investment over time.”
Currently, only part of China’s power grid is able to take delivery of the electricity produced by renewable energy. Grid constraints in China may leave as much as 4 gigawatts of windpower generation capacity lying idle, Sunil Gupta, managing director for Asia and head of clean energy at Morgan Stanley, said in November.
(Excerpt) Read more at businessweek.com ...
.they are continuing to build coal fired power plants at a dizzying pace and don't need the poorer quality windpower.
Ummmm... are the electrons of a poorer quality and don't work as well... :-)
Actually the Chinese Government found out that the Wind Power projects were part of the Stimulus package under Obama and they can’t or won’t loan us anymore money!!!! So the plants must shut down over!!!
.they are continuing to build coal fired power plants at a dizzying pace and don't need the poorer quality windpower.
Ummmm... are the electrons of a poorer quality and don't work as well... :-)
Within the grid business, windpower is considered poor quality because it is not predictable...that is, the companies that manage the grid can't count on windpower to provide the power they need...when they need it. So...it is poor quality power.
Within the grid business, windpower is considered poor quality because it is not predictable...that is, the companies that manage the grid can't count on windpower to provide the power they need...when they need it. So...it is poor quality power.
When I read this ...
4 gigawatts of windpower generation capacity lying idle
Then I have to wonder about the logic of having already paid for the production of that electricity (i.e., it's ready to produce, even if not all the time or evenly) -- and not using it at all.... that sounds way too stupid to me, especially in the era of increasing energy usage (over the world) and China's demand increasing so fast.
To me it's just dumb and dumb, especially with having the units already there.
sounds like windmill prices are about to come down sharply
What they are idling are factories.
The title is sort of misleading. They have excess manufacturing capacity not excess generating capacity.
Well, then... I see what is being said... :-)
More batteries needed to save the power for when it is wanted.
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