Guodian Corporation Takes the Lead in China's Wind Power Development

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Researched by Industrial Info Resources (Sugar Land, Texas)--China's renewable energy platform, which has been developed in the past five years, is turning out to be a pivotal part of the country's economic transformation. As engineering companies, manufacturers, construction companies and energy firms work together to decrease China's dependence on coal and imported petroleum, reduce emissions, and lower energy consumption, China's vast renewable energy potential is coming to light.

Chinese companies invested more than $38 billion in renewable energy initiatives last year, and China now has an installed renewable energy capacity of more than 150 gigawatts (GW), most of which is provided by wind power. This helps cater to the country's annual consumption of 3.6 million gigawatt-hours (GWh). More and more waste-to-energy and coal gangue-fired plants are being constructed, as are natural gas-fired power plants. China has harnessed the power of hydroelectric plants and is beginning to realize the ease and simplicity of solar power. China is the world's leading producer of wind turbines and has an overall wind development potential of about 1 terawatt. The country has an installed wind power capacity of about 100 GW, with more scheduled to come online in the near future.

Guodian Corporation, established in 1992 as a generator and supplier of power and heat, is one of the five largest energy generation companies in China. The company generates about 80,000 GWh. Early last year, Guodian announced that it would begin investing heavily in the renewable energy sector. The company's first hydropower station recently came online. Plans for a solar power station are also on the table. Guodian subsidiary GD Power Development Company (SHA:600795) (Beijing, China) is the largest generation company in northeastern China. In the next two years, GD Power Development will invest more than $470 million in multiple wind power projects through several of its own subsidiaries to add about 330 megawatts to the regional grids of Inner Mongolia, Shandong, Yunnan and Ningxia. GD Power Development is also planning to build at least another five windfarms in Guangdong province in the next few years.

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