China Alternative Energy Initiatives - from BCIG

China is working on strategically resetting its energy development goal, with more emphasis on renewable energy, especially wind power. Currently, China is already the number one wind power producer in the world. The original development plan, the 11th 5-years plan, set China's total wind power as 5 gigawatts (GW) by 2010, but China's total wind capacity had already surpassed 12 GW by 2008. By 2011, China is likely to have 30 GW wind power, the target originally set for 2020. With the new plan, China's wind power is going to be around 100 to 150 GW by 2020. With the original nuclear power development plan, by 2020, China will have nuclear power generation capacity of 40 GW, with another 18 GW under construction. The new plan sets the goal as 70 GW in production with another 30 GW under construction. In April, the government announced a plan to build five nuclear power stations in the eastern and southern regions this year. Solar energy is also developing, but there are some technological obstacles at this moment, so massive increase is not expected now. In addition, by 2020, the country is expected to have a hydropower capacity of 300 GW, biomass power capacity of 30 million GW. China is expected to increase its power generating capacity by 80 GW this year. Currently, China's total capacity is about 766 GW, with 145.5 GW of hydropower, 12 GW wind power, 8.85 GW nuclear power, and 601.2 GW from coal.