Jiangsu New Energy Development

Jiangsu New Energy Development is a government body that invests funds received from:
• Large state-owned enterprises
• Provincial state-owned enterprises
• Private companies

The group belongs to Guoxin Investment Group, the largest state-owned group in Jiangsu. Jiangsu has two biomass power stations, three power stations under construction and other sites are being examined. 18 projects were being approved at the time of our visit (August 2007). The capacity of each is between 25,000-30,000 kw.

The group is also very active in wind power development within the region. Jiangsu's wind resources are estimated at 1.5 GW. The local market is also considered to be competitive with Xinjiang and Inner Mongolia because of relatively high electricity tariffs. The group has 800 MW of wind power projects in the pipeline and is collaborating with other companies in the development of a 1.5-2MW turbine (China currently only domestically produces 1 MW wind turbines) .