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figures, with 493 hours, a YoY increase of 46
hours.
Of the 7.08GW of grid-connected
solar capacity, Shanxi province accounted
for 1.06GW of solar capacity, whereas,
Guangdong province accounted for 690MW
of newly-added solar capacity. Similarly,
620MW was added in the Shandong province,
and 620MW of new capacity was added in the
Jiangsu province.

RES and GIG have arranged long-term Singapore Pte Ltd, part of Banpu PCL and India’s solar-like duty
power purchase agreement for the electricity Banpu Power PCL. As part of the deal, BRE
generated by the wind farm with utility Snowy Singapore will acquire 100% of El Wind Mui structure for wind sector to
Hydro. Dinh Ltd, which owns and operates the Mui
The sale of Murra Warra 2 follows Dinh wind park in Ninh Thuan Province. check Chinese imports
the earlier development, financing and The wind farm, which consists of 16
construction of the adjacent 61 turbine Murra Enercon turbines, was fully commissioned in Following curbs on import concessions in the
Warra 1, which was also acquired by Partners April 2019. The facility has a 20-year power solar energy sector, the government may levy
Group in 2018. purchase agreement (PPA) with Vietnam’s higher taxes on wind turbine components
Debt financing was arranged from a state-owned utility EVN. and generators to encourage use of local
banking consortium including ICBC, ING, The transaction is due to close by the equipment and give a boost to domestic
Mizuho, MUFG, SMBC and Société Générale. end of 2020, subject to customary closing manufacturing.
The financing was raised in accordance conditions. Government sources said that the tax
with the Asia Pacific Loan Market concessions available to the wind power sector
Association’s Green Loan Principles, and SOL AR for sourcing certain equipment required for
subject to an independent Second Party making wind turbines and generators may be
Opinion from Sustainalytics. China Adds 11.5GW of Solar withdrawn and local manufacturers will be
It is understood to be the first time a encouraged to produce these components.
project finance green loan has been used Capacity in the First Half of The move is akin to the plan for the solar
to fund the construction of a wind farm in power sector where the power ministry has
Australia. 2020 proposed higher basic customs duty of 20-
“We are delighted to be able to continue 25% on solar modules and cells to restrict
our long-term involvement with the Murra According to the latest data released by imports largely from countries such as China.
Warra 2 wind farm and the local community China’s National Energy Administration Already there is a safeguard duty on solar
through our construction management (NEA), 11.52GW of solar capacity was equipment imports.
and asset management services,” said RES installed in China during the first half (1H) of Even in the wind sector, higher duty will
Australia’s chief executive Matt Rebbeck. 2020. affect imports of components from China
“With over 6GW of operational projects Large-scale solar installations accounted that is the biggest supplier of such material to
under management globally, and a portfolio for 7.08GW, and distributed solar accounted Indian manufacturers of wind turbines.
approaching 1GW in Australia, we look for 4.43GW at the end of June. But unlike in the solar sector, where
forward to working with Partners Group Installations increased slightly compared generators import more than 80% of modules
to optimise the project’s construction and to the first half of 2019 when China installed from China due to the huge price advantage
operational performance.” 11.4GW. and limited domestic capacity, in the wind
The cumulative installed solar capacity power sector more than 80% of turbines are
reached 216GW at the end of June 2020, out made in India. Only a few critical components
Banpu to buy 37.6MW wind of which 149GW accounted for centralised and materials are imported from China.
At present, wind components such as
grid-connected solar capacity, and 67GW
farm in Vietnam for distributed solar capacity. North China special bearings, gear box, yaw components,
and East China recorded more new solar
wind turbine controllers, blades for rotor
Thai energy company Banpu has signed a deal installations as compared to other parts of the of wind-operated electricity generators,
to buy a 37.6MW wind park in Vietnam. country. sub-parts of such blades, catalyst for use in
This was announced on Friday by As per the NEA data, the solar PV the manufacture of cast, resin for use in the
investment banking firm Ficus Capital, which generating capacity stood at 1,278 billion kWh manufacture of cast components of wind-
advised the seller, namely Ven-wind New during 1H 2020, an increase of 20%, and the operated electricity generator are imported.
Energy, on the deal. national solar PV utilisation figure stood at These attract a concessional duty of 5%.
According to Ficus Capital, Ven-wind is 595 hours, an increase of 19 hours. The north- This may be raised to levels closer to the
owned by Eab New Energy and wind turbine eastern part of China recorded the highest duty proposed for solar power equipment
maker Enercon GmbH. solar PV utilisation hours, reaching 771 hours, to discourage imports and boost domestic
The share purchase agreement was signed a year-on-year (YoY) decrease of 19 hours. manufacturing.
between Ven-wind New Energy and BRE Central China had the lowest utilisation

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