Hydropower giant to invest in wind power
Updated: 2006-02-18 16:42
China's hydropower giant, China Three Gorges Project Corporation, plans to
develop wind power in Yancheng, East China's Jiangsu Province.
The project has been authorized by the National Development and Reform
Commission. The corporation set up Yangtze New Energy Development Company to
implement the 200,000-kW project. Preparation for the project is expected to be
completed within the year.
China boasts rich wind energy, much more than the hydropower, said Li
Yong'an, general manager of the cooperation. According to the company's
statistics, China has a wind power reserve of 253 million kW onshore and 750
million kW offshore, as compared with a hydropower reserve of only 400 million
The country's installed capacity of windmill generators, however, was
estimated at 12 million kW at the end of 2005, leaving a great potential to yet
be tapped, Li said.
The corporation thus mapped out a strategic plan to develop clean energy
including wind power. By 2020, the corporation is expected to have 85 million kW
of installed capacity including 4 million kW of wind power installed capacity,
according to the corporation's strategy.