Industry insiders say new energy investment will reach 4.5 trillion in 10

Morning News yesterday said that the revitalization of the new energy industry planning to surface, planning objectives and investment in this area will be greatly improved. The report quoted a person familiar with the draft plan as saying that by 2020, China's total investment in new energy is expected to reach 4.5 trillion yuan, to pull the whole society's total investment of 9 trillion yuan.　　This amount is much higher than the previous planned 3 trillion yuan. According to previous data from the National Energy Agency, Hydropower new installed capacity of about 190 million kilowatts, the total investment of about 1.3 trillion yuan, wind power new installed capacity of about 100 Million-kilowatt, total investment of about 900 billion yuan, solar power new 1.73 Million-kilowatt, total investment of about 130 billion yuan, solar water heater new 200 million square meters, the total investment of about 400 billion yuan.　　In addition, bio-power generation added 28 Million-kilowatt, a total investment of about 200 billion yuan, rural users of biogas 62 million new households, the total investment of about 190 billion yuan.　　According to the above data calculation, if the 2020-year plan to achieve the goal, the total investment needs of about 3 trillion yuan. The report said the first draft of the new Energy revitalization plan shows that by 2020 the total installed wind power will increase to about 150 million kilowatts, the development target of solar PV is the total installed Capacity 20 Million-kilowatt, nuclear power operating capacity of about 80 Million-kilowatt. This target is 5 times times, 11 times times and twice times the target of two medium and long-term development plans for renewable energy and nuclear power in 2007 years respectively.　　By the end of 2008, wind power installed more than 10 Million-kilowatt, solar power capacity of only 100,000-kilowatt, nuclear power installed capacity is less than 10 million-kilowatt. The report quoted another industry source as saying that the new energy revitalization plan may include a three-year plan and a ten-year medium-to long-term plan.　　The report added that the news had been confirmed by officials at the National Energy Agency, and that the first draft had been finalized and would soon emerge.　　However, industry and experts said that China's large-scale development of new energy still has technical bottlenecks, due to the lack of perfect power storage technology, wind power grid access technology, solar photovoltaic power generation process, such as intermittent, can become a barrier to the development of new energy, short-term wind power and nuclear power are still difficult to become the main alternative to commercial energy.　　Considering the current technological reality, the development of new energy industry still need to rely on financial subsidies to reduce costs, expand profit margins, and foreign development model is basically the same, so the development potential of the new energy industry will rely heavily on policy dynamics.　　And despite a series of policy measures to support new energy sources, such as solar construction subsidies, industry insiders say the new energy plan will include other fiscal subsidies, particularly for solar power, which has been included in the new Energy revitalization plan. The forthcoming news of the new energy revitalization plan will undoubtedly further boost the new energy concept stocks. Previously benefited from China's policy of supporting new energy, the new energy stocks such as Tianwei Conservation (600550.SH), Goldwind (002202.SZ) have risen by more than 50% in the past three months., Dongfang Electric (01072.HK) rose more than 89% per cent in March.