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voda 29 januari 2018 17:21

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China passenger car market growing 4pct in 2018 - Volkswagen Group

Reuters reported that Volkswagen expects China's passenger car market to rise around 4 percent in 2018, with the German company's own vehicle sales in the country growing at a similar pace partly due to its continued emphasis on sport-utility vehicles. Volkswagen Group China, which includes brands such as Audi, Skoda, Seat as well as Volkswagen, sold a total of 4.18 million vehicles in China last year, an increase of "a little bit more than 5 percent" from 2016, Volkswagen's China chief, Jochem Heizmann, said at a media roundtable in Beijing.

The growth last year outpaced overall gains in the world's biggest auto market, and Heizmann said Volkswagen Group China does not expect sales growth to fall short this year.

Volkswagen expects China's overall 2018 passenger car market to grow at around the same pace as last year, which the German executive said was about 4 percent.

Heizmann said that "Our intention is not to be behind that as VW Group China this year." Heizmann said the new year will likely start slowly but will likely pick up steam later, adding Volkswagen would reap the benefits of an SUV push.

China's vehicle market "is going strongly in the direction that half of the passenger car volume will be SUVs", Heizmann said. "Out SUV offensive will continue this year."

Source : Reuters

voda 29 januari 2018 20:27

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Chinese solar companies outlook is not optimistic after US tariff decision

Economic Times reported that the outlook for overseas expansion by Chinese solar companies is not optimistic due to frequent trade disputes. The country's Ministry of Industry and Information Technology warned in a statement that "China's solar industry has been growing at a fast pace in recent years, making itself a target of protectionism in some countries, adding the disputes have hindered Chinese solar companies from expanding overseas and would add to the costs in the global solar market.”

The MIIT comment followed US President Donald Trump's decision on Monday to slap 30 percent tariffs on solar cell and module imports to try to protect domestic manufacturers.

India this month said it would consider imposing 7.5% import tariffs on foreign solar panels as some Indian companies complained of cheap Chinese products flowing into the country.

Despite the disputes, the MIIT said it will continue to encourage Chinese solar companies to moderately expand businesses overseas.

China, the world's biggest solar panel maker, produced a total of 68 gigawatts(GW) of solar photo-voltaic cells and 76 GW of solar modules in 2017, up 33.3% and 31.7% respectively compared to a year ago, data from the MIIT showed.

Expansion of production capacity helps Chinese solar enterprises to reduce production cost and to boost exports.

Over the first 11 month in 2017, the export value of Chinese solar products rose by 1.4 percent to USD 13.11 billion, driven by growing renewable market in emerging countries such as India, Brazil and Mexico.

China's domestic solar market has been struggling with delayed subsidies and high curtailment rates as power generated from solar plants cannot be absorbed by the grids due to insufficient transmission capacity.

Source : Economic Times

voda 29 januari 2018 20:52

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China builds large container ships for Yangtze - Report

Xinhua reported that construction has begun on two container ships, which are expected to become the largest in service in the upper and middle reaches of the Yangtze River. The pair are the first of six such ships which, upon completion, will be operated by the Wuhan New Port Administration Committee, based in central China's Hubei Province.

Construction of the ships, funded by the China COSCO Shipping Corporation, begun in Yangzhou, east China's Jiangsu Province.

With a total investment of 300 million yuan (47 million U.S. dollars), the 147-meter-long, 26-meter-wide vessels are designed to each carry a maximum of 1,140 standard containers.

Source : Xinhua

voda 30 januari 2018 14:01

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British Steel wins contract to help build world's biggest cargo port in China

British Steel is helping build the world’s largest cargo port in Shanghai after securing a deal to supply steel into China. The company is supplying crane rails for the Yangshan deep water facility, a GBP 57 billion project that will enable the port of Shanghai to handle huge container ships with depths of up to 15 metres. The contract, for the fourth-phase of the Yangshan project, is being delivered through Steel CLIK –www.steelclik.com - a major supplier in the crane rail market.

And the two companies have revealed it’s part of an agreement that will see British Steel supply Steel CLIK with special profiles - crane rails, track shoe long bar and cutting edges for use in China.

Under the terms of the deal, British Steel has already supplied 4,650 tonnes of special profiles for the Yangshan development with a further 3,000 tonnes to follow for the next phase.

Mr Peter Gate MD of British Steel’s Special Profiles business, said that “China offers us a great opportunity so we’re delighted to be bringing our products to market through Steel CLIK. The Yangshan project is a highly prestigious development and, given the competition we faced, we’re immensely proud to have been awarded this contract. Our crane rails are of a very high quality and strength and will ensure the port, which will handle millions of tonnes of cargo a year, has exceptional capabilities.”

British Steel’s crane rails are developed for overhead gantry and floor-mounted cranes in ports, warehouses and shipyards across the globe. Its track shoe long bar and cutting edges are key components in earthmoving equipment. The steel is made at the company’s Scunthorpe works before being rolled at its Special Profiles business in Skinningrove, Teesside.

The Yangshan development is unique not only because of its sheer size but because of the shallow waters surrounding the offshore islands of Greater and Lesser Yangshan where the port is being built.

The project started in 2002 and, according to the plan design, the deep water facility will be completed in 2020. The port is connected to the mainland by the 20-mile-long Donghai bridge – the world’s longest sea bridge.

Mr Peter said that “We’re delighted to be working with Steel CLIK on the Yangshan project, it will be an incredible development once it’s completed. For major projects like this we can customise crane rail in terms of steel grade and provide lengths of up to 16 metres this means there are less joints which is a major benefit to developers as they can carry heavier loads and maximise efficiency.”

A Steel CLIK spokesman said that “Steel CLIK is a leading solution supplier for projects and special steel users. We have played important roles in most of China’s ports including Shanghai and Qingdao. Our years of expertise and quality rails from British Steel have definitely helped us win most of the jobs in the market, not only in China but also in Vietnam, Brazil, Thailand, India, etc.”

Source : Strategic Research Institute

voda 30 januari 2018 14:12

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Russia remains Chinese largest oil supplier for 10th month

Customs data showed, leaving rival exporter Saudi Arabia in second place once more, Russia held firm as China’s top crude oil supplier in December for the 10th month and racked up its second year as the No.1 supplier to China in 2017. Shipments from Russia hit 5.03 million tonnes in December, down 0.2 percent from a year earlier, pushing up its full-year supply by 13.8 percent to 59.7 million tonnes, or 1.194 million barrels per day (bpd).

Saudi Arabia’s December shipments were up 31.7 percent from a year ago at 4.71 million tonnes, or about 1.11 million bpd.

The data from the General Administration of Customs showed, whole-year shipments from the Kingdom, OPEC’s top supplier, grew 2.3 percent to 52.18 million tonnes, or 1.044 million bpd.

Source : Reuters

voda 30 januari 2018 14:13

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China plans crackdown on oil refiners' unofficial capacity growth - NDRC

Reuters quoted China's state planner as saing that it will launch a fresh crackdown on oil refiners that expand capacity without official approval, the latest sweeping move by Beijing to curb unfettered growth in fuel output and illicit oil trade. In a statement, the National Development & Reform Commission (NDRC) said it will close refineries with less than 2 million tonnes per year (40,000 barrels per day) of capacity if they are found to violate regulations.

The penalty for larger refineries will be to curb any expansion projects.

The NDRC said that in general, there is illegal behaviour in capacity building, safety, environmental protection and taxation.

Even so, China's refineries have been churning out and exporting bumper volumes of diesel and gasoline, in a race for profits.

Source : Reuters

voda 30 januari 2018 14:15

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China Shanxi province closes 7,400 polluting firms in 2017

Xinhua Net reported that coal rich north China province of Shanxi shut down more than 7,400 polluting firms in 2017 as part of its fight against pollution.

The provincial environmental protection bureau said that local authorities also dismantled 11,000 small coal fired boilers last year.

Meanwhile, more than 1 million households in the province switched from coal to gas- or electricity-powered heating systems, and 59.8 % of buses and 21.3 % of taxis were replaced by new energy vehicles, it said.

Shanxi is a major energy base and its traditional mining, coking, steel, and coal chemical industries have caused severe pollution.

Local authorities took harsh measures to tackle air pollution last year, sending environmental inspectors to all 11 cities across the province.

They filed 5,502 illegal sewage discharge cases and levied 580 million yuan (about 91 million U.S. dollars) in record fines, up 123 % year on year.

The efforts have paid off. The levels of PM2.5, smaller airborne particles more damaging to health, and sulfur dioxide, fell 27.6 % and 49.2 % year on year, respectively, between Oct. 1 last year and Jan. 18 this year.

The air quality is improving, but challenges remain, said He Zhongwei, an official with the Shanxi provincial environmental protection bureau, citing isolated coal burning in the rural areas.

Source : Xinhua

voda 30 januari 2018 14:19

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China's Hebei province to cut coal use

Reuters reported that China’s northern Hebei province plans to reduce its annual coal consumption by 5 million tonnes this year by promoting the use of clean and renewable energy. According to Xinhua, the smog-plagued province has already cut coal consumption by 44 million tonnes between 2013 and 2017.

This year, Hebei authorities will continue developing the province’s central heating system, and promote the use of gas and electricity for heating in rural areas as a substitute for coal.

Xinhua said that the province will support construction of low-carbon pilot cities and raise emission standards for its heavily polluting industries.

Source : Reuters

voda 30 januari 2018 14:22

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China Guangdong to begin 10 offshore wind farms this year

Xinhua quoted Governor Ma Xingrui as saying that Southern China's Guangdong Province plans to begin construction of more than 10 offshore wind farms this year. Mr Ma said that the new wind power projects off the coast of Guangdong are expected to generate a total capacity of 3.65 gigawatts. He added that the projects are part of Guangdong's efforts to improve the energy mix for greener economic growth in the province's coastal regions.

Guangdong plans to begin construction of offshore wind farms capable of generating a capacity of 12 GW by the end of 2020, according to a plan released by the province's development and reform commission last year.

Last month, China General Nuclear Power Corporation said it would build a 3 GW deepwater wind-power project off the coast of Guangdong.

The country's largest nuclear power operator said it would install wind turbines at two deepwater sea areas near the city of Jieyang.

The company plans to invest 5 billion yuan (785 million US dollars) in the initial period, with the total investment estimated at over 100 billion yuan.

Source : Xinhua

voda 30 januari 2018 14:32

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China leads World solar capacity additions, controls curtailment

NewsBase reported that China continues to lead the world in solar power installations, with capacity additions of more than 50 GW in 2017. According to annual figures published by the National Energy Administration, 52.83 GW of capacity was installed last year, at a cost of more than USD 86 billion more than half of global capacity additions. The figure represents a significant acceleration from 2016, when the world’s second-largest economy installed 34.2 GW.

The Beijing-based Asia Europe Clean Energy Advisory (AECEA) consulting group also said that last year was the first time that China has installed more renewable energy than gas and coal-fired thermal power plants (TPPs), of which 44 GW were installed last year.

According to the NEA, Wind generation also grew by 17.2 GW to reach 163.67 GW. All told, the country’s installed capacity of wind and solar generation now stands at 294GW.

BNEF head of Asia-Pacific Justin Wu said that “China installed about 20GW more solar capacity in 2017 than we forecast. This happened for two main reasons: first, despite a growing subsidy burden and worsening power curtailment, China's regulators, under pressure from the industry, were slow to curb build of utility-scale projects outside allocated government quotas. Developers of these projects are assuming they will be allocated subsidy in future years.”

He added that “Second, the cost of solar continues to fall in China, and more projects are being deployed on rooftops, in industrial parks or at other distributed locales. These systems are not limited by the government quota. Large energy consumers in China are now installing solar panels to meet their own demand, with a minimal premium subsidy.”

This too is bolstering the total. The AECEA said that around 19-20 GW of distributed solar is likely to have been installed, more than four times the amount in the previous year.

Wind and solar now accounts for about 16.5% of installed generation capacity in the country, as the government of the world’s largest emitter of greenhouse gases battles to reduce severe local air pollution. The launch of the country’s first emissions trading scheme in mid-December will also serve to pressure large emitters, and to bolster new investment in clean capacity, although the system may not be fully operational for up to a year.

Energy planners must still contend with large amounts of energy curtailment from renewables, although this too has improved. The NEA reports that wind curtailment fell by 7.8 million MWh compared with 2016, and overall rates fell by just over 5%. Areas such as Gansu Province, where wind power has been habitually underused, have even posted reductions of over 10%.

Last November, the NEA said it intends to cut wastage from renewables plants entirely by 2020, as it raises the share of clean energy to 15% of its total energy mix, growing to 20% in 2030.

The explosion in domestic capacity addition comes as US President seeks to impose import tariffs of 30% on solar panels, aimed at preventing Chinese-made equipment undercutting products from US manufacturers. India too is considering similar tariffs.

Source : NewsBase

voda 30 januari 2018 14:43

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quote:
Betalen Met Gulden schreef op 30 januari 2018 14:34:
[Modbreak IEX: Gelieve hier geen reclame te maken, bericht is bij dezen verwijderd.]

De Gulden ligt achter ons. Ik heb nog stapels liggen, 1, 2.50, 10 en 50 Gulden stukken. :-)

Twinkeling 30 januari 2018 14:44

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Met een market cap van $ 85 miljoen natuurlijk totale onzin.

voda 30 januari 2018 14:59

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Chinese solarsector haalt schouders op over Amerikaanse sancties

Washington trekt een handelsmuur op tegen buitenlandse zonnepanelen. Chinese fabrikanten zijn niet bang voor omzetverlies

Medewerkers bevestigen zonnecellen aan panelen, waarna robotarmen de panelen via een lopende band naar de volgende stap in het productieproces brengen.
‘In deze fabriekshal worden dagelijks 7000 panelen geproduceerd’, zegt Wang Feng, manager bij een van de grootste zonnepaneelfabrieken van JingAo Solar in Hefei, een stad met bijna 8 miljoen inwoners in centraal China. Samen met concurrent Tongwei is JingAo een van de grotere banenmotors in de regio. Alleen al in deze fabriekshal, een van de vier op het reusachtige terrein, werken 300 mensen.

Een zonnecelfabriek van LDK Solar in Hefei.Foto: Reuters

Hun lot lijkt onzeker na importheffingen die Washington afgelopen week introduceerde, onder meer op zonnepanelen. De dreiging van een handelsoorlog is terug, met een tarief van 30% op de invoer van buitenlandse zonnepanelen en zonnecellen als nieuwste hoofdstuk.

Een storm die voorlopig voorbij gaat aan JingAo. ‘We hebben over het aantal orders niet te klagen. We draaien op volle capaciteit en zijn de productielijn aan het upgraden’, zegt Wang. Hij wijst naar de assemblagelijn waar nu nog zogeheten 4 bb-panelen van de band rollen. De afkorting staat voor busbar, een maatstaf van efficiëntie die te herkennen is aan het aantal verticale lijntjes in de zonnecellen. ‘We gaan over op 5 bb’, zegt Wang. ‘Ik denk dat we het daarmee alleen nog maar drukker krijgen.’

Illegale subsidies
Die vraag komt grotendeels van Chinese afnemers, die het het afgelopen jaar voor 53 gigawatt aan nieuwe zonnepanelen hebben geïnstalleerd. De totale capaciteit ligt nu 53,4% hoger dan in 2016.

De sancties zullen weinig effect hebben op de productie, verwacht secretaris-generaal Zhang Sen van de Chinese kamer van koophandel voor machines en elektronica. ‘Sinds 2011 al zijn er Amerikaanse maatregelen van kracht die de VS moeten beschermen tegen de zogenaamde illegale subsidies en dumping’, zegt hij. ‘Eerdere belemmeringen hebben er al toe geleid dat de export van Chinese zonnepanelen naar de VS tot een minimum is gereduceerd.’

In 2017 heeft China voor 1,7 gigawatt aan panelen naar de VS geëxporteerd, tegen een geschatte waarde van $630 mln. Een daling van 53% ten opzichte van het voorgaande jaar, waardoor de VS nu slechts voor 6% deel uitmaakt van de totale Chinese export van zonnecellen en zonnepanelen.

Zhang, wiens organisatie onderdeel uitmaakt van het ministerie van handel, heeft weinig begrip voor de sancties. 'Onze bedrijven zijn gewoon competitief en draaien solide omzetten.’ Landen die zijn uitgezonderd van de sancties, bijvoorbeeld India en Jordanië, zouden voor Chinese solarfabrikanten nog een achterdeur kunnen bieden naar de VS.

Binnen China zijn het dan ook vooral Amerikaanse bedrijven die zich zorgen maken over de maatregelen van president Donald Trump. ‘Niemand is gebaat bij een handelsoorlog’, stelt voorzitter William Zarit van AmCham, de lobbyclub van Amerikaanse bedrijven met activiteiten in China. Hij vreest vooral voor represailles. ‘Beleidsmakers in Peking hebben mij verteld dat als dit zo doorgaat, er tegenmaatregelen zullen komen.’ Die zullen in eerste instantie nauw worden afgesteld, zo is de verwachting, zodat de effecten op de Chinese economie beperkt zullen blijven.

Zarit, die zelf eind april op bezoek gaat in Washington, ziet liever dat Trump zich laat horen op fronten die zijn leden in China nu het hardste raken. ‘Markttoegang, en gelijke behandeling’, zegt hij. ‘Niet alleen praten in termen van handelstekorten, maar zich vooral ook hard maken om tot een gelijk speelveld te komen voor Amerikaanse bedrijven in China.’

Voor Wang van JingAo Solar geen reden om ongerust te worden. ‘Als een sector die door de overheid is aangewezen als belangrijk, gaat het ons tot nu toe goed af', zegt hij. JingAo is steeds minder afhankelijk van de staatssubsidies, die nu in stappen worden afgebouwd. ‘Deze robot heeft het werk overgenomen van vijf werknemers.'

Wat houden de Amerikaanse sancties in?

Een heffing van 30% op de invoer van buitenlandse zonnecellen en zonnepanelen, met een vrijstelling voor de eerste 2,5 gigawatt. Dat is in het kort de sanctiemaatregel die president Donald Trump op 22 januari ondertekende. De regels zijn onmiddellijk ingegaan. Een lichtpuntje voor importeurs: het invoertarief loopt in vier jaar geleidelijk terug tot 15%.

Tot hun chagrijn vallen ook Mexico, Canada en Zuid-Korea, landen die maar weinig zonnecellen en zonnepanelen exporteren naar de VS, onder de sanctielanden. Normaal gesproken zouden zij vanwege de geringe handelsvolumes zijn uitgezonderd van de nieuwe heffing, maar de president heeft van zijn discretionaire bevoegdheid gebruikgemaakt om daar een stokje voor te zetten.
Washington zegt wel een uitzondering te maken voor landen op de zogeheten ‘preferentielijst’ van de Wereldhandelsorganisatie. Dat zijn opkomende economieën die een voorkeursbehandeling genieten van de rijke landen, zoals Jordanië, India en de Filipijnen.

Kaalslag in Amerikaanse solarsector

De gedachte achter de heffing is dat Amerikaanse fabrikanten schade ondervinden van oneerlijke handelspraktijken. China zou, zo schrijft het Amerikaanse ministerie van handel, zijn producenten steunen met subsidies. Die kunnen daardoor zonnecellen en panelen onder een ‘eerlijke marktwaarde’ dumpen in de VS.

Antidumpingmaatregelen uit 2011 en 2012 hebben niet gewerkt, klagen de Amerikanen. China ontweek die door productie te verplaatsen naar Maleisië, Singapore, Duitsland en Zuid-Korea.

Tussen 2012 en 2016 groeide de Amerikaanse invoer van zonnecellen en panelen met 500% terwijl de prijzen met 60% kelderden. Gevolg: in vijf jaar tijd zijn 25 Amerikaanse fabrikanten van de markt verdwenen. Ze gingen failliet of verplaatsten hun productie naar het buitenland.
Eind 2017 was er nog maar één fabrikant over. Nog eens acht Amerikaanse bedrijven produceren zonnepanelen met geïmporteerde zonnecellen.

fd.nl/economie-politiek/1239680/chine...

[verwijderd] 30 januari 2018 15:10

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aha voda is ook moderator..
reclame maken? wtf?
gulden gulden gulden

voda 31 januari 2018 16:42

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Chinese industrie groeit iets minder hard
Dienstensector groeit in januari wel harder.

(ABM FN-Dow Jones) De bedrijvigheid in de Chinese industrie is januari iets minder hard gegroeid, maar de dienstensector deed het juist iets beter. Dit bleek woensdag uit overheidscijfers.

De inkoopmanagersindex voor de industrie daalde van 51,6 in december naar 51,3 in januari, de laagste stand sinds mei 2017.

De dienstensector in China groeide in januari wel in een hoger tempo. De inkoopmanagersindex liep op van 55,0 in december naar 55,3 deze maand, de hoogste stand in vier maanden tijd.

Een indexstand van meer dan 50 geeft aan dat er sprake is van groei, terwijl een cijfer beneden de 50 betekent dat de industrie krimpt.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

Copyright ABM Financial News. All rights reserved

(END) Dow Jones Newswires

voda 31 januari 2018 16:51

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EU-heffingen op Chinees gietijzer

Gepubliceerd op 31 jan 2018 om 12:48 | Views: 827

ArcelorMittal 16:29
29,23 -0,35 (-1,17%)

BRUSSEL (AFN) - De Europese Commissie legt definitieve importheffingen op voor gietijzer uit China. De heffingen lopen uiteen van 15,5 tot 38 procent en zijn bedoeld om dumping door Chinese bedrijven op de Europese markt tegen te gaan.

Het gaat onder meer om putdeksel en rioolroosters. Volgens de commissie is de markt voor gietijzer in de EU ongeveer 700 miljoen euro waard. Eind december werd een onderzoek geopend naar de dumppraktijken na klachten van Europese producenten over China en India. Er werd bepaald dat bij India geen sprake was van dumping.

voda 31 januari 2018 17:04

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Esperite biedt grootschalige DNA-analyse aan

Gepubliceerd op 31 jan 2018 om 07:24 | Views: 587

Esperite 16:37
0,52 +0,05 (+10,64%)

AMSTERDAM (AFN) - Stamcelbedrijf Esperite gaat samenwerken met BGI Genomics bij in kaart brengen van DNA, het zogeheten whole genome sequencing. Het Chinese BGI brengt daarbij de technologie en de infrastructuur in. Esperite gaat de dienst via zijn netwerk van meer dan zesduizend artsen, ziekenhuizen en klinieken in Europa, Azië, het Midden-Oosten en Afrika aanbieden.

Patiënten die hun DNA door BGI in kaart laten brengen, kunnen vervolgens met technieken van Esperite een analyse laten uitvoeren. Dan kunnen ze bijvoorbeeld achter erfelijke aandoeningen komen. Esperite stelt de dienst nu voor een groot publiek toegankelijk te maken. Volgens topman Frédéric Amar kunnen patiënten hun DNA voor minder dan duizend euro in kaart laten brengen.

BGI financiert de toegang van Esperite tot zijn technologie. In ruil daarvoor krijgt het bedrijf een converteerbare obligatielening van Esperite met een waarde van 520.000 euro. De obligatielening heeft een looptijd van een jaar en een rentepercentage van 1 procent.

L1 Capital

Eerder op de dag meldde Esperite al dat de Australische investeerder L1 Capital weer 250.000 euro steekt in het bedrijf. Het gaat om een al eerder aangekondigde investering in een veertiende financieringstranche.

De financiering maakt deel uit van een eerder overeengekomen financieringsovereenkomst van maximaal 13 miljoen euro.

voda 31 januari 2018 20:03

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China annual solar installations to surpass 105 GW

PV Magazine reported that EnergyTrend, a Taipei based research firm, estimates that China’s total grid-connected capacity additions could hit 46.7 GW this year, once the new 5 GW installation quota for Beijing’s Top Runner scheme is included. According to recent statistics from China’s National Energy Administration, the forecast marks a slight decline from the record 52.83 GW that was built in 2017.

EnergyTrend said that “The Chinese market continues to grow excessively, mainly driven by supportive policy and production capacity expansion.”

PV developers in China will likely rush to install projects at two different points in the year in 2018, in line with recent adjustments to the feed-in tariff (FIT), says the company. The Chinese government’s new FIT rates for 2018 went into effect at the start of this month, with rates for some projects falling by as much as 15%.

EnergyTrend, a unit of TrendForce, believes that the first development rush in China will occur at the end of the first half of the year, as ground-mounted PV projects that were registered with the government before the end of 2017 will be eligible for last year’s FIT rates, if the installations are finished by the end of June 2018.

However, all installations that are registered and completed within the current year will receive the 2018 FIT, which could fuel another rush to complete projects next December.

Over the course of the coming year, shifting deployment trends could see large utility-scale PV projects take a back seat to distributed-generation (DG) installations, EnergyTrend suggests. Roughly 19 GW of DG solar capacity was connected to the Chinese grid in 2017, up sharply from just 4.23 GW a year earlier.

Beijing has revealed plans to continue to support the deployment of DG solar projects, as well as the construction of small PV arrays under its rural poverty alleviation scheme, with tighter requirements looming for utility-scale PV installations.

Annual worldwide PV installations surpassed the 100 GW mark in 2017 for the first time, largely due to explosive deployment in China, where yearly investment reached a new record. The U.S. market came in second, with about 12 GW, EnergyTrend says, followed by India with 9.26 GW and Japan with just 6.09 GW.

Global deployment rose by 26% year on year in 2017, following a 42.5% year-on-year jump in 2016. The Asia-Pacific region accounted for about 72% of the global PV market last year, primarily due to the ongoing expansion of the Chinese market.

EnergyTrend expects global solar deployment to hit 105.88 GW this year, from roughly 108 GW in 2017. Its prediction is broadly in line with other recent forecasts for 2018. It believes that changing regional demand patterns throughout the world will facilitate the deployment of at least 15 GW per quarter,

It also expects to see a recovery in the European PV market. However, the research firm believes that the expansion of the Chinese PV market will start to slow down through the end of the decade, as the European market rebounds and emerges as a key driver for global solar deployment.

It notes how a number of utility-scale PV projects are set to be completed by the third quarter of this year in France, Spain and the Netherlands. It also argues that the expiration of the Minimum Import Price for solar components and cells entering Europe from China at the end of September, will facilitate greater competition on the continent.

Source : PV Magazine

Bijlage:

voda 31 januari 2018 20:12

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Chinese blizzards snarl railroads, coal deliveries amid power worries - Report

Reuters reported that China’s worst blizzards this winter have snarled the country’s railroads and highways, cutting off critical supplies of thermal coal, and fuelling a rally in prices to record highs and raising concerns about potential heating and electricity shortages. The chaos, with coal piling up at mines and ports after a week of heavy snowfall, comes two weeks before the week-long Spring Festival holiday, when hundreds of millions of people travel vast distances home to celebrate with their families.

The severe weather and congestion prompted four of China’s top utilities to warn last week of heating and electricity shortages due to tight supplies of coal ahead of and during the Lunar New Year holiday.

The snowstorms are expected to ease up in southern and central provinces, which are much warmer than the north, although temperatures will remain below average until Feb. 5, spurring heating demand.

An official at the railroad’s customer service hotline said that China Railway Corp issued orders in recent days restricting freight trains in some parts of the north from heading south to Yunnan, Guizhou, Guangxi and Guangdong, so they don’t get trapped due to bad weather.

It’s not clear how long the limits will be in place, she said. Coal deliveries have been made a priority, she added, underscoring growing concern in the government as cold weather sweeps across swathes of the nation.

The transport congestion, which will take time to clear, will also affect grain and fertiliser shipments. Thermal coal futures on Monday rose more than 1 percent to CNY 679.8 per tonne, their highest since the contract launched in 2015.

Source : Reuters

Bijlage:

voda 31 januari 2018 20:16

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Chinese experiment to tame wild home market

Bloomberg reported that Chinese President Mr Xi Jinping has unleashed the world's biggest experiment aimed at taming runaway property prices. After Xi used a milestone Communist Party Congress in October to push a housing model that emphasizes renting, a flurry of activity is underway by developers, banks, local governments and even the biggest stock exchange. The push is the first of a package of programs, including a long-awaited property tax, poised to unfold over several years to rein in one of the world's wildest real estate markets.

Mr Shen Jianguang, chief Asia economist at Mizuho Securities Asia in Hong Kong, said that "China's property market is on the brink of tremendous change. The push for rental properties shows a new model is starting to emerge."

Mr Xi is leveraging his immense power to try to solve a problem that's dogged policymakers around the globe: spiraling property prices in major metropolitan areas that have fueled rising inequality. The aim seems to be a new market model, somewhere between the capitalist frenzy that sent home prices in Shanghai and Beijing rocketing ever higher and the Communist system where dwellings were allocated by work units.

Establishing a vibrant rental market will help to defuse the risks from "irrational" home prices, said Deng Yongheng, of the University of Wisconsin, who helped carry out a study that showed a 1,538 percent gain in land prices in Beijing from 2004 to 2016. The long-term effects could range from driving consolidation among developers to fueling consumer spending as people pay less for housing, Wang Tao, an economist for UBS Group, wrote Thursday.

Around China, large rental complexes are being completed, under construction or in planning, and funding for such projects is being made available. The changes may alter developers' businesses, shake up government revenue and help make more Chinese citizens, like Germans, renters for life.

In theory, a thriving rental market would add housing supply and help stabilize prices after a 13-year property rally. The old model that prioritized home ownership encouraged "a lot of speculation and crazy price gains -- and that model is coming to an end," said Rosealea Yao, an analyst at Gavekal Dragonomics in Beijing.

City governments from Beijing to Shanghai have earmarked public land to auction to property companies that would develop rental projects only. Country Garden Holdings Co., China's largest developer by sales, has announced plans to make 1 million units available over three years. Banks are offering credit lines to developers for financing rental projects, and the Shanghai Stock Exchange is encouraging the creation of investment products backed by rental income.

Mr Xi is trying to alter the popular belief that property is a one-way bet, since any short-lived declines in prices have inevitably been followed by booms. Homeownership rates in China are among the highest in the world, at almost 90 percent, according to Cushman and Wakefield Inc. People also buy young. Parents often help their sons buy a place as a prerequisite for marriage.

Meanwhile, rentals have been a hard sell, in part because of limited tenant rights and the low quality of much of the stock, with some units even lacking their own bathrooms and kitchens.

Source : Bloomberg

AEX 921,92 -3,99 -0,43% 28 feb


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