China National Renewable Energy Centre

China National Renewable Energy Centre

Content A B C D E F G H I China s energy and power generation mix China Renewable Energy Development Hydropower Wind energy Solar energy Biomass energy China's investment in renewable energy China's renewable energy in the world China's renewable energy policy and targets

China s energy and power generation mix A 3 China s energy and power generation mix

Highlights A The development of renewable energy has stepped into a new stage since the enforcement of Renewable Energy Law of the People s Republic of China on January 1st, 2006. By 2020, the proportion of non-fossil energy in primary energy consumption is expected to reach 15%. Meanwhile, the share of renewable energy will keep growing in line with the promotion of China s Ecology Priority Strategy and other related policies. China s renewable energy development and utilization in 2012 reached 330 million tons of standard coal equivallent (tce), accounting for 9% of primary energy consumption. Of this, hydro power is 7.8%, wind and others are 1.2%. The total installed capacity of China was 1.16TW in 2012, of which renewable energy accounted for 27.94%. The largest share of renewable installed capacity located in hydropower with 248GW(including pumped hydro, 20.31GW), which reached 21.5 percent of total installed capacity, following by wind 62.66GW and solar 4.19GW. In 2012, China total power generation reached 4980TWh, and renewable power generation reached 1010TWh with an increase of 3.8%, accounting for 20.2 percent of the total. Hydro power equaled 864.1TWh with a growth of 29%, accounting for 17% of total power generation. By overtaking nuclear power, wind has become the third largest source of electricity with 100.8TWh in power generation and 41% in growth rate. Both installed capacity and power generation of renewable energy in China experienced a stable growth in the past half decade. Wind has become the second largest generation source of renewable energy with the best scale-up development, its power generation could account for 10% of total renewable electricity; biomass development kept in stable and accounted 4 percent of renewable generation; unlike other renewables, solar PV only took a small share of renewable power generation as the scale-up utilization just get started. China s energy and power generation mix 4

2012 China's total primary energy production 2012 China's total energy production: 3.33 billion tce Renewable energy total 330 million tce Crude oil 8.9% Natural Gas 4.3% Nuclear 0.7% Hydropower 8.3% A Renewable Energy 9.8% Wind power and others 1.3% Coal 76.3% 5 China s energy and power generation mix

2012 China's total primary energy consumption A The total energy consumption in China in 2012: 3620 million tce Crude oil 18.8% Renewable energy total 330 million tce Natural Gas 5.4% Nuclear 0.6% Renewable Energy 9.0% Hydropower 7.8% Coal 66.2% Wind power and others 1.2% China s energy and power generation mix 6

2012 China's power installed capacity 2012 Chinese total installed power generation capacity: 1160 GW Installed renewable energy capacity: 320 GW Nuclear 1.15% Biomass 0.69% A Hydropower 21.54% Renewable Energy 27.94% On-grid wind power 5.42% On-grid solar 0.28% Thermal power 70.91% 7 China s energy and power generation mix

2012 power generation in China 2012 Chinese power generation: 4980 TWh Renewable energy generation 1007 TWh A Nuclear 2.0% Biomass 0.8% Renewable Energy 20.2% Hydro 17.4% Thermal power 77.8% On-grid wind power by 2.0% On-grid solar 0.07% China s energy and power generation mix 8

B China Renewable Energy Development 9 China Renewable Energy Development

Highlight B In 2012, new-added wind installed capacity in China equaled 14.83GW, making the accumulated wind installed capacity reach 62.66GW and overtaking US as the leading role in the World. Annual wind utilization hour was 1890, decreased by 1.6%. The market share of the first three enterprises with the biggest new-added installed capacity reached 44.5%. Of this, Goldwind was 19.5%, United Power was 15.7% and Sinovel was 9.3%. By the end of 2012, the accumulative solar PV capacity in China reached 7.96GW with the volume rising by 171% compared to 2011. Solar cell module export increased by 12.5 percent to 18GW with the amount decline to 12.8 billion USD by 43.9%. In 2012, the production of solar water heater had an increase of 11% to 63.9 million square meter, and there were 257 million square meter was in operation, rising by 19%. China Renewable Energy Development 10

Highlight In 2012, the total installed capacity of bio-energy reached 5.96GW, in which 3.37GW was agriculture and forestry direct combustion capacity, 2.22GW was waste combustion capacity, 250MW was biogas capacity and 120MW was sludge and biomass gasification capacity. The biogas power capacity also reached 1.7GW. B In 2012, biomass briquette production was nearly 6 million tons, and there were more than 250 production sites with total output value about 4 billion RMB. North and east were the key production regions and accounted for more than 60% of total production in China. In 2012, fuel ethanol production in China rose by 4% to 2 million tons. Geothermal installed capacity in China kept in 25MW for years and annual electricity generation is 100GWH. China geothermal utilization plays the leading role in the world. By the end of 2012, total geothermal heating area reached 210 million square meter, in which deep layer geothermal were 40 million square meter and shallow layer area were 170 million square meter. Jiangsha and Haishan power plants in Zhejiang Province are the only two in-operation tidal power plants in China with total capacity of 4.15MW. 11 China Renewable Energy Development

China's renewable energy capacity and power generation 350 1200 300 1002 1000 B 250 Capacity Generation 761 775 800 GW 200 593 620 600 TWh 150 487 320.54 358 403 434 251.43 288.46 400 100 50 225 78.37 280 291 288 80.76 84.48 88.15 110.53 120.68 135.41 155.46 184.29 218.55 200 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0 China Renewable Energy Development 12

Renewable energy generation capacity by technologies 350 300 250 Geothermal & Ocean Energy On-grid Solar Biomass B GW 200 On-grid wind power 150 Hydropower 100 50 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 13 China Renewable Energy Development

China renewable energy annual capacity (GW) 40 37.03 B 35 34.26 32.88 34.41 30 28.83 25 20 22.38 20.04 15 10 10.15 14.74 5 2.39 3.72 3.67 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 China Renewable Energy Development 14

The proportion of renewable energy in China's total power generation Hydro On-grid wind power Biomass On-grid Solar Geothermal & Ocean Energy All renewable energy 2000 16.4% 0.02% 0.16% 0.00% 0.01% 16.6% 2001 18.8% 0.03% 0.15% 0.00% 0.01% 19.0% 2002 17.5% 0.03% 0.13% 0.00% 0.01% 17.7% 2003 14.8% 0.03% 0.17% 0.00% 0.01% 15.0% 2004 16.0% 0.03% 0.15% 0.00% 0.00% 16.2% 2005 15.9% 0.05% 0.21% 0.00% 0.00% 16.1% 2006 14.5% 0.09% 0.25% 0.00% 0.00% 14.9% 2007 14.4% 0.17% 0.30% 0.00% 0.00% 14.9% 2008 16.3% 0.38% 0.42% 0.00% 0.00% 17.1% 2009 15.4% 0.75% 0.56% 0.00% 0.00% 16.8% 2010 16.1% 1.16% 0.58% 0.00% 0.00% 17.9% 2011 14.0% 1.56% 0.66% 0.01% 0.00% 16.3% 2012 17.4% 2.02% 0.76% 0.07% 0.00% 20.2% B 15 China Renewable Energy Development

The proportion of renewable energy in total power generation 1200 25.0% B 1000 20.0% 800 TWH 15.0% 600 10.0% 400 200 renewable energy power generation the proportion of renewable energy to total electricity generation 5.0% 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 China Renewable Energy Development 16 0.0%

The provinces with top ten renewable energy power capacity(2012) B 9 4 2012 renewable energy power capacity Hydropower (MW) Wind Power (MW) Solar Power (MW) Biomass Power (MW) Total (MW) Sichuan 39,640 20 116 39,780 Hubei 35,950 170 12 406 36,540 Yunnan 33,060 1,310 30 122 34,520 Inner Mongolia 1,080 16,930 210 151 18,370 Guizhou 17,280 960-18,240 Guangxi 15,360 100 60 15,520 Guangdong 13,060 1,390 8 439 14,900 Hunan 13,720 190 218 14,130 Gansu 7,300 5,970 380 1 13,650 Fujian 11,400 1,130 1 208 12,740 3 1 2 5 8 6 7 Source: hydropower, wind power, solar power: 2012 Power Industry statistics compilation; Biomass Power Generation: 2012 annual statistical report Chinese biomass power generation by China Renewable Energy Engineering Institute 10 17 China Renewable Energy Development

C Hydropower Hydropower 18

China's hydropower development 29% 20% 20% 11% 5% 14% 16% 14% 10% 8% 7% C 172.60 1% 196.29 216.06 232.98-3% 248.90 117.39 130.29 148.23 396.4 414.8 471.4 565.5 571.7 686.7 668.1 864.1 2005 2006 2007 2008 2009 2010 2011 2012 Hydropower generation (TWh) Cumulative installed capacity of hydropower (GW) Cumulative installed capacity of hydropower Growth rate of hydropower generation 19 Hydropower

China's top ten provinces of hydropower 2012 China's top ten provinces of hydropower Provinces TWh C 10 9 1 Sichuan 154.5 2 Hubei 138.0 3 Yunnan 124.0 4 Guizhou 56.0 78 5 Guangxi 52.4 6 Fujian 47.6 21 21 7 Qinghai 45.8 8 Hunan 44.6 3 74 5 84 9 10 6 9 Gansu 34.4 10 Guangdong 29.8 Source: Electric Power Industry Statistics Compendium 2012 Hydropower 20

Wind D 21 Wind energy

China on-grid wind power installed capacity 139% 148% 62.66 47.84 D 84% New added capacity (GW) Cumulative capacity (GW) 31.31 New installed capacity growth rate 12.17 17.67 13.64 16.53 21% 14.82 1.40 2.67 3.35 6.02 6.15 5.50-11% -10% 2006 2007 2008 2009 2010 2011 2012 Wind energy 22

China on-grid wind power generation 130% 100.4 104% 111% 75% 79% 74.1 D 49.4 50% 27.6 35% 13.1 1.6 2.8 5.7 2005 2006 2007 2008 2009 2010 2011 2012 On-grid wind power generation (TWh) wind power generation growth rate 23 Wind energy

Installed capacity of wind power investment enterprises by characters in 2012 Foreign 730 MW, 1% D Sino-foreign joint venture 8.83 GW, 14% State-owned 50.77 GW, 80% Private 2.83 GW, 5% Wind energy 24

Chinese historical average unit capacity of wind power 1600 1400 1297 1359 1401 1200 1196 1048 Kilowatt 1000 800 600 525 555 603 684 787 917 D 400 200 0 25 Wind energy

2012 provincial cumulative wind power capacity D Provinces Cumulative on-grid capacity(mw) 1 Inner Mongolia 16700 2 Hebei 7070 3 Gansu 6340 4 Liaoning 4710 5 Shandong 3930 6 Jilin 3300 7 Heilongjiang 3200 8 Ningxia 2790 9 Xinjiang 2620 10 Shanxi 2270 11 Jiangsu 1930 12 Yunnan 1590 13 Guangdong 1370 14 Fujian 1140 15 Shaanxi 550 16 Guizhou 520 17 Zhejiang 370 18 Shanghai 320 19 Hainan 300 20 Anhui 300 21 Henan 250 22 Tianjin 230 23 Hunan 190 24 Hubei 170 25 Jiangxi 170 26 Beijing 150 27 Guangxi 100 28 Qinghai 50 29 Sichuan 20 30 Chongqing 20 Source: 2012 China Wind Power Construction Statistics Annual Evaluation Report Wind energy 26

Solar E 27 Solar energy

Chinese PV installed capacity and power generation 4194 Cumulative on-grid capacity (MW) on-grid solar power Generation (TWh) E 2330 30 260 0.1 0.7 3.7 2005 2006 2007 2008 2009 2010 2011 2012 Solar energy 28

2012 cumulative PV installed capacity 29 Provinces Capacity (MW) 1 Qinghai 2129 2 Jiangsu 871 3 Ningxia 565 4 Gansu 439 5 Inner Mongolia 382 6 Shandong 374 7 Guangdong 276 8 Xinjiang 270 9 Hunan 265 10 Zhejiang 264 11 Henan 223 12 Hebei 209 13 Anhui 166 14 Hainan 161 15 Shaanxi 152 16 Shanghai 151 17 Tibetan 143 18 Beijing 137 19 Hubei 119 20 Jiangxi 107 21 Liaoning 97 22 Fujian 94 23 Xinjiang 74 24 Guangxi 74 25 Heilongjiang 61 26 Tianjin 55 27 Yunnan 44 28 Shanxi 43 29 Jilin 11 30 Sichuan 10 31 Guizhou 1 32 Chongqing 0 Source: 2012 Annual Statistical Report of China solar power construction Solar energy E

China solar water heater installation 25.9% 20.0% 17.6% 17.5% 18.5% 15.6% E 12.5% 258 217 136 160 185 80 90 108 2005 2006 2007 2008 2009 2010 2011 2012 solar water heater installation (million square meter) Growth rate Solar energy 30

Biomass F 31 Biomass energy

China biomass power installed capacity and generation 33.7 31.5 24.8 Generation TWh Capacity GW 20.7 F 14.7 9.7 2.2 1.0 2.2 1.0 2.2 1.0 3.3 1.5 3.3 1.5 5.2 2.0 7.0 2.5 3.0 3.3 4.6 5.5 7.0 7.7 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Biomass energy 32

The provinces with top ten biomass installed capacity in 2012 Province MW 1 Shandong 1,089 2 Henan 640 3 Jiangsu 554 4 Heilongjiang 524 5 Hubei 475 6 Guangdong 442 7 Anhui 388 F 8 Hebei 367 9 Inner Mongolia 320 10 Zhejiang 290 Source: China National Renewable Energy Centre - Renewable Energy Project Database 33 Biomass energy

Chinese bio-fuel production (10,000 ton) 600 Bio-briquette Bio-ethanol Bio-diesel 350 300 F 1021 02 129 100 158 200 172 186 190 200 00 55 3 10 30 50 50 40 50 2005 2006 20072 008 2009 2010 2011 2012 Biomass energy 34

China Renewable Energy Investment G 35 China's investment in renewable energy

China Renewable Energy Investment (billion US dollar) 70 140% 60 123% 120% 50 100% 40 76% 80% G 30 20 Investment Growth rate 55% 58% 37.2 49% 40.0 54.7 37% 66.6 60% 40% 25.0 10 22% 15.8 10.2 5.8 8% 0 2005 2006 2007 2008 2009 2010 2011 2012 Source: Bloomberg New Energy Finance, UNEP, Global Trends in Renewable Energy Investment 2013 20% 0% China's investment in renewable energy 36

Renewable energy investments by region 90 60% 80 70 79.9 50% 46% 50% 60 66.6 40% 50 34% 40 26% 27% 30% 30 19% 36.0 20% 20% 20 10 29.0 13% 10% G 0 Europe China United States Other countries and regions in Asia 11.5 9.5 Middle East and Africa Other countries Americas 6.5 5.4 India Brazil 0% 2012 Renewable Energy Investment (billion US dollar) 2004-2012 annual compound growth rate of investment in renewable energy 37 China's investment in renewable energy

Chinese renewable energy in the world H China's renewable energy in the world 38

Highlight Both installed capacity and power generation of renewable energy in China ranks the first in the world. China s wind generation accounted for 2% of total power generationin 2012 and there is still enormous space for renewable energy in future. Both the energy consumption per capita and renewable energy consumption per capita in China have reached the average level of the world, but there is still large gap from developed countries. In 2012, energy consumption per capita in China was 2.9 tce, equals to 29% of US and 54% of Japan. From 2005, China accelerated renewable energy development. In 2012, renewable energy consumption per capita in China was 0.27 tce, reaching the average level of the world, but still far from developed countries such as European countries and US. China s growth rate of the primary energy consumption and renewable energy consumption is far higher than global average level. From 2005 to 2012, the annual average growth of primary energy consumption in China was 8.1%, over tripled the global annual growth rate (2.3%). And the annual average growth rate of renewable energy consumption in China was 16%, much higher than the global level (6.9%). Even in the situation of overall economy weakened in 2012, the renewable energy in China still kept in a high growth rate by 24%. H 39 China's renewable energy in the world

Renewable energy installed capacity and power generation in 2012 1200 1000 1002 800 600 400 340 537 462 403 Installed capacity (GW) Generation (TWh) H 200 184 103 86 83 143 150 129 92 92 67 60 50 50 0 China USA Brazil Canada Germany India Japan Italy Spain China's renewable energy in the world 40

Wind installed capacity and power generation by country in 2012 Country / Region Cumulative installed capacity (MW) Power generation (TWh) 1 China 75372 114.57 2 USA 60208 163.46 3 Germany 31467 57.05 4 Other 23052 46.1 5 Spain 22462 49.42 6 India 18602 33.48 7 UK 9113 23.95 8 Italy 7998 16.00 9 France 7593 15.95 10 Canada 6214 14.16 11 Portugal 4363 9.60 12 Denmark 4137 9.31 13 Sweden 3750 7.87 14 Australia 2834 7.45 15 Japan 2673 5.61 16 Netherlands 2552 5.36 17 Greece 1993 4.98 18 Austria 1378 2.47 19 Total 285761 586.79 H 41 China's renewable energy in the world

2012 top ten wind turbine suppliers Suppliers 2011 Cumulative (MW) 2012 Cumulative (MW) Cumulative% share VESTAS (Denmark) 45,550 51,570 20.9 GE WIND (USA) 26,870 33,570 13.6 ENERCON (Germany) 22,640 26,180 10.6 GAMESA (Spain) 21,810 24,440 9.9 SIEMENS (Germany) 13,540 17,650 7.2 SUZLON GROUP (India) 14,570 17,740 7.2 Goldwind (China) 9,060 11,660 4.7 Sinovel (China) 10,040 11,420 4.6 H United Power (China) 2,440 4,460 1.8 Ming Yang (China) 1,800 2,980 1.2 Others 34,880 44,650 18.1 Total 203,190 194,760 Source: "BTM Consult-A part of navigant-march 2013", "International Wind Energy Development-World Market Update 2012" Page43. China's renewable energy in the world 42

China's wind turbine export in 2012 Manufacturers Sinovel Number of units shipped Capacity (MW) Destination 36 54.0 Turkey 22 52.5 Italy 12 36.0 Spain 23 34.5 Brazil Subtotal 93 177.0 Goldwind 26 43.0 U.S. Subtotal 54 87.3 13 19.5 Australia 11 16.5 Ecuador 3 7.5 Thailand 1 0.8 Uzbekistan CRE 17 61.2 U.S. SanYI Electric 25 50.0 U.S. Ming Yang 33 49.5 Bulgaria XEMC 2 4.0 Iran Windey 1 1.5 Iran Total 225 430.5 Exporting country Number of units Capacity (MW) U.S. 182 327.75 Turkey 36 54.00 Italy 22 52.5 Bulgaria 34 51.5 Ethiopia 34 51 Spain 12 36 Brazil 23 34.5 Australia 13 19.5 Ecuador 11 16.5 India 10 15 Thailand 7 13 Sweden 2 6 Iran 3 5.5 Chile 5 5.34 Cuba 6 4.5 UK 3 3.75 Kazakhstan 2 1.56 Belarus 1 1.5 Uzbekistan 1 0.75 Total 407 700.15 H 43 China's renewable energy in the world

Offshore wind installed capacity (MW) H 2011 2012 New-added Cumulative New-added Cumulative United Kingdom 330 2105 756 2861 Denmark 0 833 0 833 Belgium 0 195 185 380 China 180 210 110 320 Germany 30 198 80 278 Netherlands 0 247 0 247 Sweden 0 163 0 164 Ireland 0 25 0 25 Norway 0 2 0 2 Portugal 2 2 0 2 Total 470 3980 1131 5111 Source: BTM Consult-A part of navigant-march 2013, International Wind Energy Development-World Market Update 2012 China's renewable energy in the world 44

Cumulative PV installed capacity in 2012 (GW) 35.00 32.28 30.00 25.00 20.00 16.25 15.00 10.00 5.00 7.58 7.00 6.91 5.10 4.20 2.67 2.20 2.09 1.98 1.54 1.46 5.66 H 0.00 Germany Italy USA China Japan Spain France Belgium Australia Czech Britain Greece India other countries 45 China's renewable energy in the world

Retained solar collector area in 2011 (million square meters) China 217.4,65% United States 22.7, 7% Germany 15.3, 5% Turkey 14.5, 4% Brazil 7.1, 2% Australia 6.9, 2% Japan 5.2, 2% Israel 4.3, 1% Greece 4.1, 1% Italy 3.0, 1% Spain 2.7, 1% China Taiwan 2.2, 1% France 2.1, 1% H India 4.8, 1% Austria 4.8, 1% Switzerland 2.0, 1% Other countries 16.0, 5% China's renewable energy in the world 46

2012 World fuel ethanol production (one hundred million liters) Other countries 41 Indonesia 1 France 1 Argentina 2 Colombia 4 Belgium 4 Spain 4 Thailand 7 Germany 8 Canada China 18 21 H Brazil 216 United States 504 0 100 200 300 400 500 600 47 China's renewable energy in the world

2012 World biodiesel production (one hundred million liters) Other countries 45 Canada 1 China 2 Colombia 3 Austria Belgium 4 4 Spain 5 Thailand 9 Indonesia 15 France 19 H Brazil Germany 27 27 Argentina 28 United States 36 05 10 15 20 25 30 35 40 45 50 China's renewable energy in the world 48

Chinese per capita utilization of renewable energy to reach the world average (TOE per capita) 10.00 9.43 9.00 8.00 7.00 7.04 6.00 5.54 5.00 4.00 3.00 2.00 1.00 0.00 2.74 0.61 0.44 3.81 3.75 3.74 3.29 3.22 3.13 0.73 0.76 0.27 0.39 0.54 0.29 2.67 0.52 2.03 2.00 0.19 0.29 1.38 0.66 1.77 0.65 0.46 0.03 0.04 0.19 H Canada United States Australia Germany Japan France EU Britain Spain Italy China Argentina Brazil Indonesia India World average Per capita primary energy consumption Per capita consumption of renewable energy 49 China's renewable energy in the world

China's primary energy consumption growth rate and renewable energy consumption growth rate were higher than the world average 30% 25% 23% 25% 24% 20% H 15% 10% 5% 13% 12% 10% 11% 9% 6% 6% 6% 5% 3% 3% 3% 5% 1% 7% 7% 10% 5% 11% 6% 10% 9% 9% 7% 8% 8% 2% 2% 0% 2005 2006 2007 2008 2009 2010 2011 2012-1% -5% China's primary energy consumption growth China Renewable Energy consumption growth World primary energy consumption growth World Renewable Energy consumption growth China's renewable energy in the world 50

The proportion of wind power in total power generation in 2012 Denmark Portugal Spain Ireland Germany EU Romania Britain Estonia Greece Cyprus Sweden Italy Netherlands Latvia Austria Bulgarian Belgium United States Poland France China Lithuania Hungary Canada 7.0% 6.9% 6.0% 6.0% 6.0% 6.0% 5.0% 5.0% 4.0% 4.0% 4.0% 4.0% 4.0% 3.4% 3.0% 3.0% 2.0% 2.0% 2.0% 1.8% 10.8% 12.7% 16.8% 16.3% 27.1% H 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 51 China's renewable energy in the world

China's renewable energy policy and targets I China's renewable energy policy and targets 52

2005 Renewable Energy Law of the People s Republic of China Interim Measures for Management of Renewable Energy Development Special Funds 2006 2007 Medium-and-long Term Development Plan for Renewable Energy The 11th Five Year Planning (2006-2010) for Renewable Energy Development 2008 2009 Renewable Energy Law of the People s Republic of China (Amendment) Decision of the State Council on Accelerating the Fostering and Development of Strategic Emerging Industries 2010 2011 Interim Measures for the Administration of the Collection and Use of the Renewable Energy Development Fund The 12th Five Year Planning (2011-2015) for Renewable Energy Development Development Plan for National Strategic Emerging Industries During the 12th Five-Year Planning Period (2011-2015) 2012 2013 Circular on Adjusting the Standards for Surcharge on Renewable Electricity and Matters Relating to Tariffs on Eco-friendly Electricity I 53 China's renewable energy policy and targets

Laws and Regulations Taxation & Financial Measures Strategy and Planning Renewable Energy Law of the People s Republic of China in 2005 This law establishes regulations on renewable energy about resource investigation, development and planning, industrial guide, technology support, price control and expense allocation, economic incentives and supervisory measures. Renewable Energy Law of the People s Republic of China (2009 Amendment) This law (Amendment version) is adjusted for forcing the establishment of renewable energy development funds by financial authorities of the state, sourcing from state s special funds and the surcharge of renewable energy electricity tariff. According to this law (Amendment version), state s authorities should work out the renewable energy development and utilization programme, overall planning the development and utilization of renewable energy in wind, hydro, solar and bio-energy Circular on Adjusting the Standards for Surcharge on Renewable Electricity and Matters Relating to Tariffs on Eco-friendly Electricity This provision adjusts the standards for surcharge on renewable electricity except for residence and agricultural use from 0.8 cents to 1.5 cents per kilowatt hour in RMB. Circular on Issues Concerning the Policy of Electricity Quantity Based Subsidies for Distributed Photovoltaic Generation The State will grant subsidies to distributed photovoltaic generation projects based on electricity quantity, and the subsidies granted will be transferred to the units of distributed photovoltaic generation projects by power grid enterprises. The standard of the subsidy will comprehensively consider the distributed photovoltaic feed-in-tariff, generation costs and electricity whole-sale price, and adjust in time. The financial authorities of State will predict electricity quantity based on the revenue of surcharge on renewable electricity and the amount of distributed photovoltaic projects, and grant the subsidies quarterly to the financial administrations in provinces where the State Grid Company, Southern Grid Company and independent grid companies located in. Circular of National Development and Reform Commission on Giving Play to the Role of Price Leverage to Promote the Healthy Development of Photovoltaic Industry The land of the country is categorized in three resource regions with corresponding benchmarking PV station feed-in-tariff. The feed-in-tariff of first resource area is 0.90 yuan per kilowatt hour, the feed-in-tariff of second resource area is 0.95 yuan per kilowatt hour and the feed-in-tariff of third resource area is 1.0 yuan per kilowatt hour. Circular on the Improvement of the Wind Power Feed-in-tariff Policy The land of the country is categorized in four resource regions with corresponding benchmarking wind power feed-in-tariff. The feed-in-tariff of first resource area is 0.51 yuan per kwh, the feed-in-tariff of second resource area is 0.54 yuan per kwh, the feed-in-tariff of third resource area is 0.58 yuan per kwh and the feed-in-tariff of fourth resource area is 0.61 yuan per kwh. Circular on the Improvement of Agricultural and Forestry Biomass Power Price Policy The benchmarking feed-in-tariff is implemented by the policy. The newly constructed agricultural and forestry biomass power projects without bidding for investment will use the benchmarking price on 0.75 yuan perkwh. About the approved agricultural and forestry biomass power projects, the feed-in-tariff lower than the benchmark should be increased to 0.75 yuan per kwh and the feed-in-tariff higher than the benchmark should be kept on the price approved by the relevant authorities. The 12th Five Year Planning (2011-2015) for Renewable Energy Development The Plan declares renewable energy development targets. By 2015, total renewable energy utilization will reach 478 million tce, in which commercial utilized renewable energy will reach 400 million tce, about 7.5% of energy consumption. During 12th five year period, 160 GW renewable energy generation capacity will be newly installed, in which there are 61 GW hydro power, 70 GW wind power, 20 GW solar power and 7.5 GW bioenergy. And the share of renewable energy generation will be over 20% of the total generation. Development Plan for National Strategic Emerging Industries during the 12th Five-Year Plan Period (2011-2015) The plan had pointed out that new energy industry should accelerated the development of the competitive energies with developed technology, which are nuclear power, wind power, solar PV and CSP, shale gas, biomass power, geothermal energy and biogas. By 2015 the share of new energy in total energy consumption will be increased to 4.5%, the decline of CO2 emission will be over 400 million tons. Wind power capacity will be over 100 GW, the electricity generation will reach 190 TWh. Meanwhile, implementing of renewable energy quota system, making and promoting regulation and standard in solar CSP, establishing grid operation and management mechanism for distributed photovoltaic generation, complementing photovoltaic pricing system; making and complementing technique standard and construction procedure in bioenergy utilization, forming testing and certification system; improving the incentives and marketing mechanism for bio fuel and agricultural and forestry biomass in energy utilization. I Specifications & Standards Interim Management Measures of Standardization of Energy Industry The Measure defines the range of standardization in energy industry, requires making standards in energy technique and making the provisions in standard implementation, supervision and rewards. Framework of Wind Power Standard System The Framework provides the specific categories in wind farm planning and designing. Industrial Standard Catalogue, National Energy Bureau (2011) No.5 According to Management Measures of Standardization of Energy Industry (Trail), National Energy Bureau makes Guidelines for Vibration Condition Monitoring of Wind Turbine and other 16 wind power standards in energy industry. China's renewable energy policy and targets 54

2015 China Renewable Energy Development Targets Scale of utilization Power generation 1 Hydropower 260 GW 2 On-grid wind power 100 GW 3 Solar power 35 GW 4 Biomass power 13 GW Biogas 1 Biogas user 50 million households 2 Industrial organic wastewater biogas 1000 projects Heating and cooling 1 Solar water heaters 400 million square meter 2 Solar cookers 2 million units 3 Geothermal heating and cooling 580 million square meter 4 Geothermal hot water 1.2 million households Bio-fuel 1 Biomass briquette 10 million tons 2 Bio-ethanol 4 million tons 3 Biodiesel 1 million tons I 55 China's renewable energy policy and targets

Data Sources: National Bureau of Statistics, China Statistical Abstract 2013 National Bureau of Statistics, China Energy Statistical Yearbook 2012 National Development and Reform Commission, the 12th Five Year Planning (2011-2015) on Renewable Energy Development China Electricity Council, electric power industry statistics compilation 2012 State Grid Energy Research Institute, Energy Data Book 2012 China Wind Energy Association, China 's wind power industry map 2012, May 2013 Solar Thermal Utilization Committee of China Rural Energy Association China National Renewable Energy Centre, the International Renewable Energy Development Report 2013, China Renewable Energy Industry Development Report 2013, China Renewable Energy Data Book 2013 Bloomberg New Energy Finance, UNEP, Global Trends in Renewable Energy Investment 2013 EPIA, Market Report 2012 NREL, USA 2012 Renewable Energy Data Book, October 2013 PV News, solar industry's monthly market monitor, May 2013 BP, statistical review of world energy 2013 IEA SHC, Solar Heat Worldwide 2013 REN21, Renewables Global Status Report 2012,2013 BTM Consult, International Wind Energy Development-World Market Update 2012, March 2013 China National Renewable Energy Centre (CNREC) Published in December 2013 More infomation on www.cnrec.org.cn Email: editor@cnrec.org.cn Tel: +86-10-63908022 Add: B1915, GuoHong Mansion, No. 11A, Muxidibeili, XiCheng District, Beijing Post code: 100038