Construction of turbine components facility starts in Liaoning
The project has a total planned investment of about $308 million and will be built in different phases. Phase I will cost about $88 million. Upon completion, the project will become the largest forging facility for wind turbines in China.
The facility will fill a gap in the Chinese market, which currently imports many wind turbine components. The company has already received a considerable amount of orders from international wind power expos.
Wind power has become a booming industry around the world. The industry is also specifically encouraged in the China's Medium- and Long-Term Plan for Renewable Energy Development. China is planning to build a large amount of on-grid wind farms during the remainder of the Eleventh Five-Year Plan (2006-10).
The objective of DFIC is to become a leading producer in the international market through construction and independent research and development. Phase I of the project is expected to begin operation by the end of this year. Upon completion of Phase I, DFIC will have an annual production capacity of 120,000 metric tons for wind power components, with an annual sales income of over $250 million.
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Egypt's renewable energy to reach 6.6 GW by year-end
CAIRO - Egypt is planning to expand into renewable energy projects in a bid to increase its contribution to the energy mix, the country’s minister of electricity and renewable energy Mohamed Shaker said.
Renewable power is expected to add 6.6 gigawatts (GW) by the end of 2020, with plans to reach 8,200 megawatts (MW) after the completion of the renewable energy projects currently under consideration, Shaker added in a statement on Tuesday.
This came during the minister’s video-conference meeting with the British ambassador to Egypt Geoffrey Adams to explore the potential means for cooperation between the two countries in the electricity sector.
