By: The Associated Press 09 Jan 2010 07:15 AM ET
BEIJING - A U.S. solar power company said Saturday it will help build a series of solar thermal power plants in China, as the world's biggest emitter of greenhouse gases tries to decrease its heavy reliance on coal, imported gas and oil.
California-based eSolar Inc. will provide Shandong Penglai Electric Power Equipment Manufacturing Co. with the technology and information to build the concentrated solar thermal power farms with a capacity totaling 2,000 megawatts.
The $5 billion investment would be the largest such project in China, though the companies didn't say who would be investing how much.
"This is a huge jump for China," said Deborah Seligsohn, director of the China climate program for the U.S-based World Resources Institute. "That amount suggests a number of commercial plants."
Interest in China as a solar energy market is growing quickly as the government looks for alternatives to coal. Saturday's deal comes four months after the largest solar panel maker in the U.S., First Solar, struck a tentative deal to build a massive solar field in China.
The eSolar deal is for concentrated solar thermal power — not the traditional image of vast farms of solar panels, but a system of taking what essentially are mirrors and focusing them to heat water to create steam to power a generator.
"There's room in the world for both systems, and we need both," Seligsohn said.
China is moving much faster than the U.S. in solar power development, eSolar officials said.
"This is an excellent example of what we all must do to fight climate change," Merrick Kerr, eSolar's chief financial officer, told a news conference Saturday in Beijing.
The first solar plant under the deal will be in Yulin city in the central province of Shaanxi.
China has set ambitious goals for solar and other renewable energy in an effort to clean up its environment and curb surging demand for imported oil and gas, which communist leaders see as a strategic weakness.
Late last year, legislators approved changes to China's 2006 renewable energy law saying utilities will be required to buy all the power produced by wind farms and other renewable sources in an effort to reduce heavy reliance on coal.
Government goals issued in 2005 call for at least 15 percent of China's power to come from wind, solar and hydropower by 2020, up from 9 percent now. Officials say that target may be raised to 20 percent because the industry is developing so quickly.
Coal, however, provides two-thirds of China's power and is expected to remain the dominant energy source in coming years.
China is the world's biggest emitter of greenhouse gases and is not bound by global agreements on curbing emissions because it is a developing economy. But the State Council, or China's Cabinet, has promised to reduce emissions of carbon dioxide for each unit of economic output by 40 percent to 45 percent from 2005 levels by 2020.
China has declared that they will reduce the carbon emmission of certain amt by 2020.On that day the pressure came on India as well to declare the reduction of CO.But India has so far not declared any plans for reduction in emmission of CO.
But with the above order which China gave to one of the US Co , a multibillion order, $5 bn , for installing Solar Plants in China, India will have to buck up on this sector.China is doing the right thing to become a super power.When our politician will wake up is another call.The beurocracy should be trimmed down or cut down to size otherwise India will lose the golden chance to steer ahead of rest of the world.The problem in India is the Plans never gets finished in time.Take the case of Bandra Sea link.It took more then stipulated time and hence ended up with more expense.The cost went up by whopping 40-60% and maybe more.
When India will learn to finish the work in time?There are lots of hurdles that keeps on coming from the beurocracy.India needs to comeout from that shackles .When I read on Internet that Bandra Kurla Sealink was made open and it took 14 yrs to do that,there was a comparison with China.It was written that in that much time China would have made 6 Sealink of same type.
Now 6 timesmeans just imagine the saving in cost, human hours and moreover people starts using these much earlier that saves in petrol and time.
India will have to understand that complition of projects in time is upmost priority otherwise we will dole out more money as cost will go up with passing of time as commodities is still going to go up.For completing project in time, discipline is needed.That is what needs to come first.The hurdles of the beurocracy needs to be broken.The bribe should stop taking place.
Oh, India has to buck up in many ways.....when that will be done?China want to be a new super power and it is doing all things in right direction...when will India Wakeup?
The list where Co in India is in Carbon Credit:
1)NHPC (Recently RJ is buying)
4)Suraya Chakra Power
These are some names coming to my mind.