Opportunities of Renewable Energy Development in China and Hong Kong Civic ExchangeEnergy Forum 20: Renewables and Electricity Market Reform. Hong Kong, May 11 2015 Joseph Jacobelli – Senior Analyst [email protected] Bloomberg Intelligence The BLOOMBERG PROFESSIONAL® service and BLOOMBERG Data (the “Services”) are owned and distributed by Bloomberg Finance L.P. (“BFLP”) in all jurisdictions other than Argentina, Bermuda, China, India, Japan, and Korea (the “BLP Countries”). BFLP is a wholly owned subsidiary of Bloomberg L.P. (“BLP”). BLP provides BFLP with global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. Certain functionalities distributed via the Services are available only to sophisticated institutional investors and only where the necessary legal clearance has been obtained. 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Analysis Data Library Monitor Grace Lee - Analyst Oil & Gas Joseph Jacobelli - Senior Analyst Utilities & Infrastructure Lu Wang - Analyst Oil & Gas, Infrastructure OPPORTUNITIES OF RENEWABLE ENERGY DEVELOPMENT IN CHINA AND HONG KONG China’s Efforts to Combat Emissions Reducing pollution top government priority Shift away from coal-fired generation over-dependence Largest utilities raising cleaner energy investments Fuel mix change may face headwinds with deregulation Coal generators may eventually face lower returns Gas, nuclear and renewables are poised for growth China’s Efforts to Combat Emissions Coal Plants Spend More to Cut Emissions China’s Efforts to Combat Emissions Utilities’ Strategies: Cut Coal in Fuel Mix Challenge #1 Grid Acceptance 国家电网公司发布促进新能源发展白皮书 。 发布时间:2015-04-08. 4月2日,《国家电网公司促进新能源发展白皮书》在京发布。《白皮书》介绍了我国 新能源发展的现状和国家电网公司促进新能源发展,在电网建设、调度运行、分 布式光伏并网、技术创新等方面采取的措施及取得的显著成效,并就实现我国新 能源大规模开发和高效利用提出了可行性举措,公布了行动计划和倡议。 Source: State Grid Corporation of China; Bloomberg Intelligence, Bloomberg LP Challenge #2 Reliability of Supply Source: Bloomberg LP Challenge #3 Competing Energy: Oil & Thermal Coal Source: Bloomberg LP Challenge #4 Liberalized Electricity Markets & RE “Looking to the emergence of a huge new market, a series of non-power companies— including automobile manufacturers and telecommunications service providers—have announced their plans to enter the electricity retail business. While it is expected that greater competition will lead to better services at lower prices, there are lingering concerns over the possible consequences of liberalization because of the unique nature of electricity and its need to serve the public interest.” Source: “Challenges in Japan's Electricity Utility Reform: Preventing a rise in power rates and supply shortage ” Hiroshi OHASHI, June 26, 2014. (http://www.rieti.go.jp/en/papers/contribution/ohashi/08.html) Bloomberg Intelligence Thank You! 谢谢 謝謝
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