Bloomberg Intelligence

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
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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)
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