The reporter learned from an authoritative source on the 6th that the National Energy Administration is studying and formulating regulations governing the examination and approval system for wind power projects. For the first time, this method proposes that local governments must obtain a reply letter from the National Energy Administration before approving wind power projects with an installed capacity of less than 50,000 kilowatts. Otherwise, they will not be passed. The method will be introduced in the first half of the year. Analysts pointed out that this policy is expected to “cool down†the current rapid development of the wind power industry.
Previously, according to regulations, wind power projects with an installed capacity of less than 50,000 kilowatts must be approved by the local government after they have been filed with the National Development and Reform Commission. To circumvent this requirement, some wind farm investors have split the project into several projects with an installed capacity of 50,000 kilowatts or less, which facilitates the approval of local governments for approval and implementation. This has resulted in a “49,500 kilowatts†phenomenon. .
Sword refers to the local approval of chaos "At present, only a few projects have been approved by the State in the construction and planning of wind power projects with a total installed capacity of about 60 million kilowatts reported from various places. The installed capacity of these projects accounts for only 10% of the total installed capacity. The above-mentioned sources said that projects that have not been uniformly approved by the state are generally not included in the grid integration plan for wind power, and the grid does not guarantee full purchases. This is also an important issue that the industry has always mentioned as "the grid-connected planning is not compatible with the wind power construction plan." the reason.
Due to the lack of plans for coordinated development with the power grid, many wind farms that have been approved by local governments have occasionally experienced fan idleness. Not only that, according to a person from Guodian Longyuan Group, the largest wind farm operator in China, “The arbitrariness of local governments in approving wind power projects resulted in a number of such companies. After they got the project, they often changed hands and transferred at high prices. Finally, Companies that really want to invest in development projects pay higher prices."
Wang Haisheng, Chief Analyst of Huatai United Securities New Energy Industry, said that the approach is expected to standardize the approval of local wind power projects, cooling down the "virtual fire" that has arisen during the development of the wind power industry in recent years, and also meeting the "re-quality" during the "12th Five-Year Plan" period. Light-scale development of the main tone of the wind power industry.
The construction of the new project will slow down Wang Haisheng pointed out that the introduction of this approach will directly affect the profit expectations of related companies including wind farm operators and wind power equipment manufacturers.
Among the listed companies that have recently announced their announcements, traditional thermal power operators such as Shenzhen Energy have shifted their development focus to new energy fields such as wind power. The company has recently added a capital of 410 million yuan to the subsidiary Shenneng North (Tongliao) Energy Development Corporation. Shenneng North plans to start construction of the second phase of the Manzhouli Wind Farm. The installed capacity of this project is exactly 49,500 kilowatts. Wang Haisheng pointed out that after the introduction of this method, the construction progress of similar projects will be significantly slowed down.
Affected by the construction progress and benefits of wind farms, the future performance of downstream wind power equipment manufacturers will be affected. Wang Haisheng predicts that if the performance of some wind farm operators continues to be unfavorable, there may be delays in the payment of wind power equipment manufacturers’ late payments, which will aggravate the operating risks of listed companies in the wind power equipment manufacturing industry with excessive operating expenses and insufficient cash flow. According to the 2010 annual report released by Sinovel Wind Power on the 6th, the net cash flow from operating activities of the company last year was -1.016 billion yuan, which was 173.59% lower than the previous year. The main reason for this is the payment of purchases from suppliers and the increase in taxes.
Previously, according to regulations, wind power projects with an installed capacity of less than 50,000 kilowatts must be approved by the local government after they have been filed with the National Development and Reform Commission. To circumvent this requirement, some wind farm investors have split the project into several projects with an installed capacity of 50,000 kilowatts or less, which facilitates the approval of local governments for approval and implementation. This has resulted in a “49,500 kilowatts†phenomenon. .
Sword refers to the local approval of chaos "At present, only a few projects have been approved by the State in the construction and planning of wind power projects with a total installed capacity of about 60 million kilowatts reported from various places. The installed capacity of these projects accounts for only 10% of the total installed capacity. The above-mentioned sources said that projects that have not been uniformly approved by the state are generally not included in the grid integration plan for wind power, and the grid does not guarantee full purchases. This is also an important issue that the industry has always mentioned as "the grid-connected planning is not compatible with the wind power construction plan." the reason.
Due to the lack of plans for coordinated development with the power grid, many wind farms that have been approved by local governments have occasionally experienced fan idleness. Not only that, according to a person from Guodian Longyuan Group, the largest wind farm operator in China, “The arbitrariness of local governments in approving wind power projects resulted in a number of such companies. After they got the project, they often changed hands and transferred at high prices. Finally, Companies that really want to invest in development projects pay higher prices."
Wang Haisheng, Chief Analyst of Huatai United Securities New Energy Industry, said that the approach is expected to standardize the approval of local wind power projects, cooling down the "virtual fire" that has arisen during the development of the wind power industry in recent years, and also meeting the "re-quality" during the "12th Five-Year Plan" period. Light-scale development of the main tone of the wind power industry.
The construction of the new project will slow down Wang Haisheng pointed out that the introduction of this approach will directly affect the profit expectations of related companies including wind farm operators and wind power equipment manufacturers.
Among the listed companies that have recently announced their announcements, traditional thermal power operators such as Shenzhen Energy have shifted their development focus to new energy fields such as wind power. The company has recently added a capital of 410 million yuan to the subsidiary Shenneng North (Tongliao) Energy Development Corporation. Shenneng North plans to start construction of the second phase of the Manzhouli Wind Farm. The installed capacity of this project is exactly 49,500 kilowatts. Wang Haisheng pointed out that after the introduction of this method, the construction progress of similar projects will be significantly slowed down.
Affected by the construction progress and benefits of wind farms, the future performance of downstream wind power equipment manufacturers will be affected. Wang Haisheng predicts that if the performance of some wind farm operators continues to be unfavorable, there may be delays in the payment of wind power equipment manufacturers’ late payments, which will aggravate the operating risks of listed companies in the wind power equipment manufacturing industry with excessive operating expenses and insufficient cash flow. According to the 2010 annual report released by Sinovel Wind Power on the 6th, the net cash flow from operating activities of the company last year was -1.016 billion yuan, which was 173.59% lower than the previous year. The main reason for this is the payment of purchases from suppliers and the increase in taxes.
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