Climate Change and Renewable Energy News and Discussion

tphuang

tphuang

Lieutenant General
Staff member
Super Moderator
VIP Professional
Registered Member
huge jump in China's hydrogen electrolyzer bidding for Q1
https://twitter.com/i/web/status/1655630182294642733
i mean the prices are just ridiculously low now

on top of that, they are also making progress in ammonia carriers, which will gain importance as countries look to export ammonia
https://twitter.com/i/web/status/1655619936352448546

major project here of 11.6B RMB in Xinjiang with CRRC looking like the main supplier here
Please, Log in or Register to view URLs content!
start of with 50k t of methanol production to come online by Q3 2024. Second phase will add 100k on top of that. third phase will add another 300k on top of that. So, 450k t green methanol project. Really large again
 
tphuang

tphuang

Lieutenant General
Staff member
Super Moderator
VIP Professional
Registered Member
Mingyang did not have a good Q1 report, but a lot of that is due to low number of deliveries in offshore wind turbine
Please, Log in or Register to view URLs content!
Here is a look at order book amongst Chinese wind turbine makers at end of 2022. As once can see here, it's ranked as Mingyang, Goldwind, Envision, Windey, CRRC & Sany.

MY and Sany appear to be the most dynamic Chinese wind companies going forward

From PingAn's research on Mingyang
Please, Log in or Register to view URLs content!
,
新增和在手订单规模大增，2023年风机销售规模放量可期。2022年公司 实现风机对外销售 7.31GW，同比增长 21.14%，其中海上机组销量2.22GW，陆上机组销量 5.09GW;对应实现风机及相关配件销售 228.07 亿元，同比降低 9.67%，主要受风机销售价格下降影响。2022 年公司风 机新增订单达到 18.65GW，同比增长 66%，截至 2022 年底累计在手风 机订单规模 30.42GW，同比增长 60%，为 2023 年公司风机交付规模放 量提供订单保障，预计 2023 年交付规模有望达到 14GW，其中陆上 10GW，海上 4GW
Click to expand...
So in 2022, they sold 7.31GW of turbine w/ 2.22 GW offshore. In the same period, it added 18.65GW of order & reached 30.42GW on hand, which is a lot.
It anticipates 14GW deliveries this year including 10GW onshore & 4GW offshore.

Margin for onshore turbines down to just 13% whereas offshore turbine is up to 25%

Aside from that
Please, Log in or Register to view URLs content!
its likely to really increase order book by end of this year and need to really up its delivery
截止2022年末，明阳持有30.4G订单，其中陆上23.4G，海上7G。
今年陆上风电预计招标90G，明阳20%市占率，可以获得18G。
海风风电20G，因为大部分在广东，明阳预计可以拿到10G.
这样，今年年末，明阳将44G订单，其中陆上31G，海上13G
Click to expand...
业绩会上面管理层说，今年明阳海上风电今年交付的都是12MW以上风机。而明年预计交付16MW（明阳将在汕尾项目使用自己的16MW风机和16.6MW漂浮风机
Click to expand...
offshore deliveries are getting larger and more technologically difficult, so the margins should also get higher.

Keep in mind, the exciting part is that there might be over 100GW of wind turbine bidding this year including 20GW offshore (mostly in Guangdong), so huge expansion ahead with the higher utilization variant (offshore wind is 40 to 50% utilization vs 14% for solar)
 
tphuang

tphuang

Lieutenant General
Staff member
Super Moderator
VIP Professional
Registered Member
It's kind of interesting to see how Chinese industries is just capturing the world everywhere.

Please, Log in or Register to view URLs content!
This is an interesting example, China is getting a lot of expertise in offshore wind development. Guess what, it can now supply Europe. This by the way is a massive contract of 104 foundations.
And Europe will need Chinese ships for installing offshore wind turbine and performing maintenance on them. They might need Chinese help with submarine cable. The scale of Chinese projects are so large that all the domestic players are going to be sharks and have such huge cost advantage against their Western competition. So eventually, they will just kill their Western competition in areas that are less politicial sensitive. Before you know it, no one can build offshore wind farms without Chinese assistance.

Mingyang will be supplying some seriously large turbines to offshore wind project in Norway this year iirc

if you look at this one, they need 16MW offshore turbines by 2025. MY will deliver its first 16MW turbine next year and 18MW the year after that

Please, Log in or Register to view URLs content!
back in February
Western manufacturers GE, Siemens Gamesa, and Vestas are all currently developing 15 MW turbines.
Click to expand...
Western companies still developing just 15MW turbines. GE claims to have a 18MW turbine under development, but it just can't match the development speed of Chinese manufacturers.

So what's going to happen is that when you have a farm like this one looking to install 1600MW with just 104 turbines, it's going to source most of its turbines from MY or other Chinese manufacturers
 
Last edited:
K

KYli

Brigadier
Looks like the next phase of renewable projects would be focused upon grid and energy storage.
Please, Log in or Register to view URLs content!
(Bloomberg) -- China will keep expanding policy support to encourage the construction of large-scale renewable energy projects in an effort to boost the country’s clean power fleet and reach its ambitious climate targets.

The government warned about the slow construction of grid connection and energy storage infrastructure, which are part of plans for a massive renewable power buildout mainly in inland deserts, according to a statement by the National Energy Administration. The authorities urged relevant parties to ensure that the projects start generating on time.

China already has the world’s largest fleet of renewable generation, and plans to boost that with about 455 gigawatts of wind and solar in mainly desert areas, with the first batch of almost 100 gigawatts under construction. The country had 426 gigawatts of solar and 376 gigawatts of wind capacity at the end of March.
 
tphuang

tphuang

Lieutenant General
Staff member
Super Moderator
VIP Professional
Registered Member
tphuang said:
It's kind of interesting to see how Chinese industries is just capturing the world everywhere.

Please, Log in or Register to view URLs content!
This is an interesting example, China is getting a lot of expertise in offshore wind development. Guess what, it can now supply Europe. This by the way is a massive contract of 104 foundations.
And Europe will need Chinese ships for installing offshore wind turbine and performing maintenance on them. They might need Chinese help with submarine cable. The scale of Chinese projects are so large that all the domestic players are going to be sharks and have such huge cost advantage against their Western competition. So eventually, they will just kill their Western competition in areas that are less politicial sensitive. Before you know it, no one can build offshore wind farms without Chinese assistance.

Mingyang will be supplying some seriously large turbines to offshore wind project in Norway this year iirc

if you look at this one, they need 16MW offshore turbines by 2025. MY will deliver its first 16MW turbine next year and 18MW the year after that

Please, Log in or Register to view URLs content!
back in February

Western companies still developing just 15MW turbines. GE claims to have a 18MW turbine under development, but it just can't match the development speed of Chinese manufacturers.

So what's going to happen is that when you have a farm like this one looking to install 1600MW with just 104 turbines, it's going to source most of its turbines from MY or other Chinese manufacturers
Click to expand...

Two days later, Dajin
Please, Log in or Register to view URLs content!
) captured another contract in Europe. My guess is that this is somewhat related to the Irish offshore wind farm bidding that just got awarded today.
Please, Log in or Register to view URLs content!

Just a couple of weeks ago, it won contract for monopiles in Demark
Please, Log in or Register to view URLs content!

Just these two contracts from this week alone is higher value than its total earning from last year
Please, Log in or Register to view URLs content!

The way I look at is that as Dajin continues to expand and get more experience building foundations of offshore wind farm. It might eventually just push out competition

The other company to watch out for is 东方电缆 (SH:603606) - they do the submarine cables.

The scale of Chinese projects are just larger and more difficult than anyone else. So as they show they are the most capable of supplying monopiles, turbine structures, submarine cables, these 2 companies should expand exponentially.
 
tphuang

tphuang

Lieutenant General
Staff member
Super Moderator
VIP Professional
Registered Member
i explained here why green methanol is a big deal and just the various industrial usage for it around the world and why China really needs it. Recently, 2 major project announced for close to 1 million t between Inner Mongolia and Xinjiang. China's overall demand is probably 50m t a year at this point, so they still got quite a bit to go before weaning themselves off coal
https://twitter.com/i/web/status/1657075326617255947
but with larger and larger project + lower cost, green methanol should be cheaper than brown methanol at some point in time.
Most of china's hydrogen project thus far have been for ammonia, but methnaol is also quite important

keep in mind 50000t of methanol is produced by around 9750t of hydrogen so a little higher than 5:1 conversion rate
 
tphuang

tphuang

Lieutenant General
Staff member
Super Moderator
VIP Professional
Registered Member
Please, Log in or Register to view URLs content!
Shandong is really push for offshore wind turbine manufacturing on its soil due to the major offshore wind projects it has lined up.
It has a major base in Rushan where all these companies will build wind turbines 明阳智能、远景能源、中天科技、海力科技、中车同力、豪迈科技.
In the case of MingYang, it's first 10MW offshore turbine rolled off the production line. It plans to build 200 turbines from 10 to 16MW a year. That's just huge. 2 to 3 GW of offshore turbine with just MY here. Sounds like CRRC, Envision and other companies will also have their own large production.

Putting things into perspective, MY only plans to deliver 4 GW offshore turbine this year. China is only going to bid around 20GW of offshore projects, so this Shandong production base could count for 40% of that requirement and basically all of the turbines that Shandong's projects would need.

The other large offshore wind turbine base is Guangdong.
 
T

tacoburger

Junior Member
Registered Member
Please, Log in or Register to view URLs content!

Here's a study on the effects a massive amount of solar panels could have on the Gobi desert. In conclusion, it would lower evaporation and wind speed, helping to reduce and even reverse desertification. But long term climate impacts for this are unknown. China should start covering as much of their deserts in solar panels and wind turbines in their ongoing efforts to fight desertification.

If efforts are successful in altering the climate of China's part of the Gobi desert, I wonder if Mongolia will ask China for help in also covering their portion of the Gobi desert in solar panels. It could mean an end to the sandstorms that plague parts of Northen China. There's also the deserts in the northwest of China that can also benefit from this. China is probably the only country with the manufacturing power, money, market and policatal will to engage in such a massive megaproject.

And with how quickly China is building solar/wind farms in deserts, we could see the climate effects soon, probably in my lifetime.
 
Last edited:
You must log in or register to reply here.
Top