China has reinforced its commitment to moving forward to a more progressive, green economy by agreeing with First Solar the construction of a 2GW solar facility in Ordos, Inner Mongolia. The construction of the large solar facility will begin in June 2010 and is expected to be completed by 2014 in a multi-phase operation expected act as a demonstration of the Chinese governments resolve to make giant leaps towards a renewable energy economy.

 With the solar feed in tariff legislation making the headlines in the UK under the guise of the Clean Energy Cash Back Scheme, the Chinese project will be taking advantage of a similar tariff system with the price of electricity guaranteed at a premium rate over a period of years. Tariff systems such as this have generally proved to be extremely effective means of generating investment in new solar sectors.

 Mike Ahearn, CEO of First Solar commented that,

 “The Chinese feed-in tariff will be critical to this project. This type of forward-looking government policy is necessary to create a strong solar market and facilitate the construction of a project of this size, which in turn continues to drive the cost of solar electricity closer to ‘grid parity’ where it is competitive with traditional energy sources.”

Certainly, it is expected that with the Chinese feed-in tariff policy in place, there will be a number of other large investments in the Chinese photovoltaic (PV) market over the coming months and years. China is also the largest manufacturer of PV product needed for solar projects around the world and is therefore attracting much interest from those wishing to provide turn-key products from manufacturing, construction and installation.

“This major commitment to solar power is a direct result of the progressive energy policies being adopted in China to create a sustainable, long-term market for solar and a low carbon future for China. We’re proud to be announcing this precedent-setting project today. It represents an encouraging step forward toward the mass-scale deployment of solar power worldwide to help mitigate climate change concerns,” announced Mike Ahearn.

With China and in particular the capital, Beijing under the spotlight in recent years with concerns over pollution and carbon emissions, China is now making a very powerful statement to the world that they are about to be at the forefront of the solar revolution.

In a bid to increase profitability among its offshore wind farms, China has introduced a feed-in tariff system designed to make the generation of electricity via wind farms economically viable. China has recently been a leading advocate of the tariff system as the Beijing government seeks to diversify both the economy and the means of energy generation. With the New York Times last week announcing that green power is taking root in China, the move to encourage the take up of wind power generation comes as no surprise as the Asian government is supporting all kinds of renewable energy, especially solar and wind.

The Chinese wind feed-in tariff system will inevitably attract investments in the offshore wind generation industry there with the hope that it will enable the clean, wind energy to compete with that generated via coal fired plants. The guaranteed premium rate which will be offered to wind generators will be met by the existing grid operators with the additional cost being spread over all electricity consumers. The idea is that bigger, more profitable wind plants will receive a more generous tariff rate in order to help them catch up with the bigger wind farms.

The tariff payments are set at around 0.51 Yuan the equivalent of £0.05 per unit of electricity fed in to the grid, depending on the size of the wind farm. Compared with the rate paid for coal fired electricity (0.34 Yuan) the wind farms will e set to receive a generous payment. The announcement by the National Development and Reform Commission (NDRC) stated that the scheme will,

“change current inconsistent pricing, foster clear expectations and facilitate investments in the sector”.

The previous system which operated regarding wind power electricity purchasing involved public bidding using low-rate tariffs which did not enable most wind farms to gain grid connectivity, a hindrance which meant that at least 20 per cent of China’s wind power producers were unprofitable. With the feed-in tariff system generally regarded as by far the most effective means of generating capital in green energy, China will be set to succeed in its bid to diversify its economy and become a major player in the world of green energy production.

Following on from the UK Solar economic forum, currently taking place in London, Green Power Conferences, one of the leading organizers of green energy events has announced the upcoming US Solar forum to take place in Washington.

With Barack Obama’s recent espousals of green initiatives and a sizeable upturn in green investments in light of the crisis facing Wall Street, the Solar economic forum, to be held in Washington D.C. on the 9 & 10 of September, will be sure to generate a huge interest amongst US solar sector members.

The US Solar economics forum will offer advice on the US solar industry and how it can react to the global economic crisis. With a particular focus given to recent legislation both on a national and local government level attendees will be able to get a strong feeling of the direction in which the US solar industry is heading. Similarly, with expert analysis and financial evaluations of the feasibility of various photovoltaic technologies the event will offer a forum focused on networking and real business success.

The forum will offer attendees the opportunity to come face to face with some of the key players in the US solar industry with the following high profile, expert speakers confirmed:

·          John Bartlett, Financial Analyst, U.S. Department of Energy, USA

·          Julia Hamm, Executive Director, Solar Electric Power Association, USA

·          Mike Nedd, Deputy Director, Bureau of Land Management, USA

·          David Arfin, Vice President, SolarCity, USA

·          Rainer Aringhoff, President, Solar Millennium, USA

·          Matt Cheney, Chief Executive Officer, Renewable Ventures, USA

·          Carrie Cullen Hitt, President, The Solar Alliance, USA

·          Shawn Kravertz, President, Esplanade Capital, USA

·          Nancy E. Pfund, Managing Partner, DBL Investors, USA

·          John Woolard, Chief Executive Officer, Brightsource Energy, USA

For full information on this conference and how it could benefit anyone involved in or wishing to learn more about the industry and its prospects, please visit:

http://www2.greenpowerconferences.co.uk/v8-12/Prospectus/Index.php?sEventCode=SP0909US

Green Power Conferences, one of the leading renewable energy event organizers will bring together the UK’s key solar luminaries at the upcoming Solar Economics Forum, Towards Grid Parity between the 16^th and 18^th of June. The forum, to be held at the Millennium Gloucester Hotel & Conference Centre in London will bring the industry’s leaders together to focus on the potential for market growth in the 3 main photovoltaic sectors, Silicon-wafer based PV, Thin Film PV and CSP.

The conference series, which attracted over 1000 attendees in 2008 will be sure to attract similar hordes of attendees as awareness of the market feasibility of the solar industry has become more widespread over recent months. The Solar Economics forum will provide those within the industry with an opportunity to meet manufacturers, installers, government representatives, banking and financing experts and many more key industry players at the London forum.

Key speakers will include:

Peter Hain, MP- Former Energy Minister & Member of Parliament

Hans-Josef Fell – Member of the German Parliament and Vice- President, EUROSOLAR

Jeremy Leggett – Executive Chairman, Solarcentury

Andrew Marsden – Managing Director Europe, GE Energy Financial Services

Jerry Stokes – President, Suntech Europe

Chris O’Brien – Head of Market Development, Oerlikon Solar

For full information on this conference and how it could benefit anyone involved in or wishing to learn more about the industry and its prospects, please visit:

http://www2.greenpowerconferences.co.uk/v812/Prospectus/Index.php?sEventCode=SP0906UK