| Financier | Commitments |
|---|---|
| Borrower/Recipient | 141.82 |
| International Bank for Reconstruction and Development | 87.00 |
Renewable Energy Scale-up Program (CRESP)
Abstract*
The Renewable Energy Scale-up program for China aims to create a legal, regulatory, and institutional environment conducive to large-scale, renewable-based electricity generation, and to demonstrate early success in large-scale, renewable energy development with participating local developers in two provinces. The Project has the following components: The Institutional Development and Capacity Building component was designed to meet national priorities... Show More
Development Objective
The project development objective is to: - Create a legal, regulatory, and institutional environment conducive to large-scale, renewablebased electricity generation; and - Demonstrate early success in large-scale renewable energy development with participating local developers in two provinces.
Key Details
Project Details
P067828
Closed
Yanqin Song
N/A
August 31, 2000
(as of board presentation)
June 16, 2005
November 30, 2005
US$ 228.82 million
N/A
2005
US$ 87.00 million
B
January 15, 2013
December 31, 2011
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 87.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 87.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 228.82 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jun 16, 2005 | IBRD-47920 | Loan Commitment | 87,000,000.00 |
| Sep 15, 2013 | IBRD-47920 | Loan Repay | 2,190,500.00 |
| Mar 15, 2024 | IBRD-47920 | Int Charges | 391,116.20 |
| Mar 15, 2024 | IBRD-47920 | Loan Repay | 3,049,000.00 |
| Mar 15, 2023 | IBRD-47920 | Int Charges | 24,334.85 |
| Mar 15, 2023 | IBRD-47920 | Int Charges | 445,474.25 |
| Mar 15, 2023 | IBRD-47920 | Loan Repay | 2,951,600.00 |
| Sep 15, 2023 | IBRD-47920 | Int Charges | 7,038.27 |
| Sep 15, 2023 | IBRD-47920 | Int Charges | 435,079.75 |
| Sep 15, 2023 | IBRD-47920 | Loan Repay | 3,000,300.00 |
| Sep 15, 2022 | IBRD-47920 | Loan Repay | 2,907,400.00 |
| Sep 15, 2022 | IBRD-47920 | Int Charges | 177,332.78 |
| Sep 15, 2021 | IBRD-47920 | Int Charges | 96,661.56 |
| Sep 15, 2021 | IBRD-47920 | Loan Repay | 2,818,900.00 |
| Mar 15, 2022 | IBRD-47920 | Int Charges | 81,514.67 |
| Mar 15, 2022 | IBRD-47920 | Loan Repay | 2,863,100.00 |
| Sep 15, 2020 | IBRD-47920 | Loan Repay | 2,730,400.00 |
| Sep 15, 2020 | IBRD-47920 | Int Charges | 201,131.72 |
| Mar 15, 2021 | IBRD-47920 | Int Charges | 115,335.66 |
| Mar 15, 2021 | IBRD-47920 | Loan Repay | 2,774,600.00 |
| Mar 15, 2020 | IBRD-47920 | Int Charges | 450,333.72 |
| Mar 15, 2020 | IBRD-47920 | Loan Repay | 2,686,100.00 |
| Sep 15, 2019 | IBRD-47920 | Int Charges | 613,328.70 |
| Sep 15, 2019 | IBRD-47920 | Loan Repay | 2,646,300.00 |
| Mar 15, 2019 | IBRD-47920 | Int Charges | 618,356.60 |
| Mar 15, 2019 | IBRD-47920 | Loan Repay | 2,602,000.00 |
| Sep 15, 2018 | IBRD-47920 | Int Charges | 604,653.10 |
| Sep 15, 2018 | IBRD-47920 | Loan Repay | 2,562,200.00 |
| Mar 15, 2018 | IBRD-47920 | Int Charges | 435,044.97 |
| Mar 15, 2018 | IBRD-47920 | Loan Repay | 2,522,400.00 |
| Sep 15, 2017 | IBRD-47920 | Int Charges | 456,545.28 |
| Sep 15, 2017 | IBRD-47920 | Loan Repay | 2,482,500.00 |
| Mar 15, 2017 | IBRD-47920 | Loan Repay | 2,447,100.00 |
| Mar 15, 2017 | IBRD-47920 | Int Charges | 418,697.34 |
| Sep 15, 2016 | IBRD-47920 | Int Charges | 343,237.62 |
| Sep 15, 2016 | IBRD-47920 | Loan Repay | 2,407,300.00 |
| Sep 15, 2015 | IBRD-47920 | Int Charges | 211,885.94 |
| Sep 15, 2015 | IBRD-47920 | Loan Repay | 2,332,100.00 |
| Mar 15, 2016 | IBRD-47920 | Int Charges | 245,781.55 |
| Mar 15, 2016 | IBRD-47920 | Loan Repay | 2,367,500.00 |
| Sep 15, 2014 | IBRD-47920 | Int Charges | 0.01 |
| Sep 15, 2014 | IBRD-47920 | Int Charges | 187,373.62 |
| Sep 15, 2014 | IBRD-47920 | Loan Repay | 2,261,300.00 |
| Mar 15, 2015 | IBRD-47920 | Int Charges | 186,641.81 |
| Mar 15, 2015 | IBRD-47920 | Loan Repay | 2,296,700.00 |
| Mar 15, 2014 | IBRD-47920 | Int Charges | 207,101.31 |
| Mar 15, 2014 | IBRD-47920 | Loan Repay | 2,225,900.00 |
| Sep 15, 2013 | IBRD-47920 | Int Charges | 234,707.08 |
| Mar 15, 2024 | IBRD-47920 | Int Charges | 7,940.44 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Project Management | Satisfactory | 2011-06-27 |
| Procurement | Moderately Satisfactory | 2011-06-27 |
| Financial Management | Satisfactory | 2011-06-27 |
| Monitoring and Evaluation | Satisfactory | 2011-06-27 |
| Overall Implementation Progress (IP) | Satisfactory | 2011-06-27 |
| Progress towards achievement of PDO | Satisfactory | 2011-06-27 |
| Counterpart Funding | Satisfactory | 2011-06-27 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-25-2012 |
|---|---|
| Outcomes | Highly Satisfactory |
| Risk to Development Outcome | Negligible |
| Bank Performance | Substantial |
| Borrower Performance | Substantial |
| Government Performance | Highly Satisfactory |
| Implementing Agency | Substantial |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 07-29-2014 | PROJECT PERFORMANCE ASSESSMENT REPORT: 06-30-2017 |
|---|---|---|
| Outcome Rating | Moderately Satisfactory | Highly Satisfactory |
| Risk To Development Outcome | Significant | Negligible |
| Bank Performance | Moderately Satisfactory | Satisfactory |
| Borrower Performance | Satisfactory | Satisfactory |
| Government Performance | Satisfactory | Not Rated |
| Implementing Agency | Satisfactory | Not Rated |
| Icr Quality | Satisfactory | Not Rated |
| M&e Quality | Modest | Not Rated |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Market framework in pilot provinces established through laws and regulations. Value No evidence that market framework is in place Substantial evidence. Renewable Energy Law (REL) enacted and Implementat Date December 31, 2005 April 4, 2011 March 30, 2010 Comment There is ample evidence that a market framework has been established, not only in the provinces, but nationwide. The RE Law wasadopted in Feb. 2005, became effective in Jan. 2006 and was amended further in December 2010. It was complemented by rules andregulations, and targets set in the 11th FYP. Environment for development of renewables improved Value No evidence that the environment is improved Substantial evidence. Substantial evidence, through technical and social Date December 31, 2005 April 4, 2011 March 30, 2010 Comment The REL and related regulations provide the legal framework for the development of renewable energy, making project approvalprocedures clearer and more transparent. The outcome of strong government support for renewable energy development has been asignificantincrease in renewable electricity capacity and electricity production. Total RE capacity which already is 2.5 times morethan the target for the end of Phase 1. Improved quality and reduced cost among manufacturers and service providers in wind and biomass Value No evidence that cost and quality is improved In progress. Substantial evidence, through technical and soical Date December 31, 2005 April 4, 2011 September 30, 2010 Comment There are around 40 wind turbine integrators, of which 20 produce MW scale wind turbines - a substantial increase from 2005. Thenumber of biomass boiler manufacturers increased from 1 in 2005 to 5 in 2008. There has been an overall improvement in quality ofwind and biomass equipments in China, particularly through support under CRESP.At present, the leading domestic wind turbinemanufacturers, in particular the proponents of CRESP, have received design certification by international certification bodies, andthey areworking on type certification as well, meaning that their products have met high international standards. CRESPsupported one ofthe proponents to implement the biomass gasification generation project which has the largest installation capacityin the world.Since 2008, the average price for wind turbine in China has decreased at an annual rate of around 1,000RMB/kW.Currently, the bidding price for concession has declined to approximately RMB 4,000/kW or even below. Delivered renewable electricity in 2010 (TWh/yr) and installed renewable capacity in 2010 (GW) Value Delivered energy 35TWh, installed capacity 7GW # By the end of 2009, installed capacity for renew Delivered energy 60TWh, installed capacity 11.9GW Date December 31, 2005 June 11, 2010 September 30, 2010 Comment Annual reduced carbon emissions, (million tonnes); NOx SOx and TSP (thousand tonnes) Value 15 (Carbon) 111 (NOx) 554 (SOx) 15 (TSP) For 2007, annual emissions avoided due to electric 23 (Carbon) 171 (NOx) 852 (SOx) 23 (TSP) Date December 31, 2005 July 22, 2009 September 30, 2010 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Issuing of regulations to implement the law at national level by 2009 Value None Full Full Date December 31, 2005 April 4, 2011 December 30, 2009 Comment RE Law Amendment was adopted at the 12th Session of the Standing Committee of the 11th National People#s Congress on December 26,2009 and became effective on April 1, 2010.17 implementing regulations have been approved by ministry level authorities by 31December 2010). Law was passed. More have been developed as part of CRESP. Issuing of regulations for implementation of REL andtheir effective implementation in pilor provinces (Fujian, Inner Mongolia, Jiangsu, and Zhejiang) by 2009. Value None Full Full Date December 31, 2005 April 4, 2011 December 31, 2009 Comment Progress has been made nationwide, and has not remained limited to the pilot provinces. Renewable Energy Law and its implementingregulations are required to be implemented nationwide. Issuing of national standards for wind turbines, availabiity of testing facilities and certification by 2009. Value Partial Substantial progress. Full Date December 31, 2005 April 4, 2011 September 30, 2009 Comment 7 standards have been approved by the Standardization Administration of China (SAC) on November 10, 2010. The remaining one hasbeen submitted to SAC for approval in March, 2011, and it is expected that it will be approved before 30 September 2011. 2 windturbine testing centers are expected to be accredited to carry out power performance, power quality, acoustic noise and mechanicalload testing, which are the types of testing required for type certification. Companies participating in cost-shared technology and services development activities (with emphasis on biomass and wind) by 2008. Value 0 45 15 Date December 31, 2005 April 4, 2011 December 31, 2008 Comment 45 companies participate in cost-shared technology and service development activities. The target for this indicator has beensurpassed. Among them, the proponents associated with wind power technology, biomass, and solar PV are 18, 14 and 4 respectively,there are also 9 companies involved in small hydropower technology. Pipeline of renewable energy projects under development in the provinces by 2008 (MW capacity in pipeline) Value 0 More than 500 MW. 150 Date December 31, 2005 April 4, 2011 December 31, 2008 Comment The target for the end of the Phase has already been achieved. CRESP supported the development of a number of renewable energyprojects, not financed by the World Bank loan. These include:7 projects under the Provincial Demonstration Project facility; 14projects under the Investment Scale-up Support Facility (ISSF); 1 tidal energy project in Zhejiang; 1 inter-tidal wind project inJiangsu; 1 offshore wind project in Zhejiang; 1 offshore wind project in Fujian.These projects constitute a pipeline of 5 windprojects witha total capacity of 500 MW, 2 biomass projects with a total capacity of 6 MW, one tidal energy project with a capacityof 20 MW and8small hydro projects with an incremental capacity of 17.4 MW. 100MW wind farm at Changjiangao, Pingtan Island, Fujian selling 260 GWh/yer into local grid by 2008 Value 0 100 MW, 370 GWh 100MW 260GWh Date December 31, 2005 April 4, 2011 December 31, 2008 Comment The wind farm has been in operation since 2008. In 2010, the wind farm generated 370 GWh 25MW straw-fired biomass power plant at Mabei Village, Rudong County, Jiangsu selling 162 GWh/year into local grid. Value 0 25 MW141 GWh 25MW162 GWh Date December 31, 2005 April 4, 2011 September 30, 2011 Comment Progress on the Rudong Biomass Power Plant is satisfactory. The plant has entered into operation, and generated 156 GWh and sold141 GWh to the grid in 2010. Same PDOs apply Value Date December 31, 2005 July 22, 2009 September 30, 2010 Comment