Feb 17 2011
Research and Markets, has declared that they have added a new report titled "China Renewable Energy Market Outlook” in their available reports list.
The report deals in-depth with every segment of the renewable energy industry in China such as wind, solar, hydropower, biomass, geothermal and tidal and studies them in detail. The report provides data on renewable energy production/consumption, and deals with issues such as industry reforms of the country, known big companies involved in the industry, government regulations that govern the renewable energy market and others.
According to the report, China as a country has made tremendous advancements in the previous two decades by substituting the industries with outdated technology with current technologies thus bringing prosperity to the people. To sustain its industrial growth, China utilized coal as a primary energy source causing increased level of pollution leading to acid rain, crop damage and health problems and increased level of expenses on social and economic segments. Initially, renewable energy development in China met with a blockade due to increased level of initial investment when compared to the available power generation capability. The country sensed the benefits of renewable energy such as meeting the international competition, employment opportunities ecological and health improvements and above all energy security.
China chose wind power generation as the primary renewable power generation to counterbalance its energy mix, to ensure energy security and to offset the reports on global warming. The country has set its renewable energy targets for 2010 and 2020 and has introduced policies to support domestic manufacturing of clean energy products. The country received 16% of its power from renewable energy in 2006 with maximum contribution from hydroelectric power. The country has reached 145,000 MW power generations from hydroelectric power sources in 2007 and set to achieve 190,000 MW in 2010. Recent researches from Tsinghua University and Harvard University have assessed that China is capable of meeting al its power demand from renewable wind energy by 2030.
Source: http://www.researchandmarkets.com/