Solar and renewable sources are set to form the centerpiece of the city’s industrial upgrade
A 100-billion-yuan new energy industrial cluster has been formed in Suzhou, Jiangsuprovince, to ensure that the city ushers in a new era of clean energy.
Suzhou’s new energy industry, including solar photovoltaic, new energy vehicles andbatteries, generated 108.35 billion yuan ($15.95 billion) in revenue last year, and it will play akey role in the city’s ongoing industrial upgrade.
Zhou Naixiang, Party chief of Suzhou, said: “The city will upgrade its energy industry anddrive the development of green energy sources to realize its goal of becoming a model city inenergy transition.”
Zhou will attend the International Forum on Energy Transitions 2016, which is running fromOct 29 to 31, and he anticipates that it will give impetus to Suzhou’s new energy revolution.
The forum is sponsored by the International Renewable Energy Agency, the Chinese NationalEnergy Administration and Jiangsu provincial government.
It aims to chart clear and feasible pathways of decarbonizingenergy production and provision over the next few decades,which is crucial if the ultimate goals set out in both the ParisAgreement and at the recent G20 Summit in Beijing are to beachieved.
Last year, Suzhou registered more than 50 billion yuan inrevenue from the PV industry, and a number of the world’s leading solar energy companieshave established a presence in the city, including Nasdaq-listed Canadian Solar Inc, GoldenConcord Holdings Ltd, and Zhongli Talesun Solar Co Ltd.
The city’s more than 70 PV manufacturers account for one-third of Jiangsu province’s totalproduction and one-tenth of the national total. Specialty areas include PV battery materialsand facilities, controling systems, and equipments, etc.
The PV industry saw rapid expansion in 2000, and a number of companies experienced rapidgrowth, which continued for the next decade.
In 2011, however, the industry was hit by a number of factors ,including a price war, declining demand and anti-dumping complaintsfrom both Europe and the US.
Renewable energies such as PV do, however, appear to have apromising future as China looks to reduce its reliance on fossil fuelsand tackle pollution. The future seems especially bright for thoseenterprises with a competitive edge in innovation.
Last year, China surpassed Germany as the world’s largest generatorof solar power, with its installed PV capacity reaching 43 gigawatts,and it is expected the country will increase its capacity this year.
In the first half of this year, China installed 20 GW of solar power capacity, three times asmuch as during the same period of last year. New energy vehicles are also a prominent partof Suzhou’s industry chain, and by the end of this year the city is expected to have 7,000 newenergy vehicles.
Suzhou aims to transform itself into a national model for new energy development, with aparticular emphasis on innovation. As part of its transition from traditional energy to newenergy, Suzhou aims to hit its carbon dioxide emission peak in 2020, before any otherChinese city. It is expected that emissions will begin to fall from 2020 onwards.