New Report Gives Complete Coverage of the Chinese Renewable Energy Industry

DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/reports/c93263) has announced the
addition of China Renewable Energy Market Outlook to their offering.

China has made great strides in the last two decades in bringing
prosperity to a greater share of its people. Older state-run
industries are being replaced by a dynamic new economy.

Unfortunately, this economy requires a huge engine to run it, and
prosperity has brought with it a huge cost in the form of air
pollution.

In 2006, the burning of coal produced two-thirds of the primary
energy consumed in China. Even with improvements in end-use energy
efficiency, energy demand continues to grow and so does the air
pollution. In China, pollution is causing serious health problems,
crop damage and acid rain, all of which are taking a social and
economic toll.

Most opposition to renewable energy development in China comes
from those who are concerned about the higher up-front cost of
generation capacity. While a concerted renewables program can
substantially reduce cost through competition and economies-of-scale,
there are several additional benefits that can ultimately affect cost.
Renewable energy development makes sense from a number of points of
view, particularly with regards to energy security, international
competition, employment benefits and environmental and health
improvements.

China has chosen wind power as an important alternative source in
order to rebalance the energy mix, combat global warming and ensure
energy security. Supportive measures have been introduced. In order to
encourage technical innovation, market expansion and
commercialization, development targets have been established for 2010
and 2020, concession projects offered and policies introduced to
encourage domestic production.

By the end of 2006, cumulative installed wind capacity had reached
2.6GW; the average annual growth rate over the past ten years has been
46%. Between 2004 and 2006, China's ranking in the world wind energy
league moved up from the top 10 to the top 6, and the country is
planning to host some of the biggest wind farms in the world. At the
present growth rate, the 2010 target will be reached two years
earlier. Wind power has not just contributed to supplying electricity
but has lowered supply costs, reduced carbon emissions and helped to
limit air pollution.

This report covers all the sectors of the Chinese renewable energy
industry and analyzes each in details, dealing with issues,
production/consumption data, industry reforms, major players in the
industry, regulatory frameworks governing the market, and much more.
It is a complete coverage of the Chinese renewable energy industry.

For more information visit
http://www.researchandmarkets.com/reports/c93263.

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
Fax: +353 1 4100 980

Copyright Business Wire 2008