KETEP 세계에너지시장정보

Setting the scene ............................................................................................................ 7 
 Regional imbalances in energy investment .................................................................... 7 
 Inside China’s official financing system .......................................................................... 8 

Dashboard ..................................................................................................................... 11 
 Overview ..................................................................................................................... 11 

Trends in China’s outbound energy finance .............................................................. 15 
 Overall financing trends ............................................................................................... 15 
 The changing role of China’s traditional official financiers ............................................ 17 
 The rise of other official providers ................................................................................ 19 
 The expanding role of Sinosure ................................................................................... 21 
 Implications for EMDE energy transitions .................................................................... 22 

Case studies ................................................................................................................. 24 
 Case 1. Uzbekistan 1-GW solar PV project ................................................................. 25 
  Project overview and impact ..................................................................................... 25 
  Financing model and China’s role ............................................................................ 26 
  Insights and implications .......................................................................................... 27 
 Case 2. Southern power grid’s acquisition of Enel Peru distribution assets ................. 28 
  Project overview and impact ..................................................................................... 28 
  Financing model and China’s role ............................................................................ 29 
  Insights and implications .......................................................................................... 30 
 Case 3. Saudi Arabia’s first green full-process heavy plate mill project ........................ 32 
  Project overview and impact ..................................................................................... 32 
  Financing model and China’s role ............................................................................ 33 
  Insights and implications .......................................................................................... 33 
 Case 4. TFC Solar PV project in South Africa .............................................................. 35 
  Project overview and impact ..................................................................................... 35 
  Financing model and China’s role ............................................................................ 36 
  Insights and implications .......................................................................................... 36 
 Case 5. Silk Road fund commitment in African Infrastructure Investment Fund IV ....... 38 
  Project overview and impact ..................................................................................... 38 
  Financing model and China’s role ............................................................................ 39 
  Insights and implications .......................................................................................... 40 
 Case 6. CNOOC investment in Guyana: Whiptail Oil Field .......................................... 41 
  Project overview and impact ..................................................................................... 41 
  Financing model and China’s role ............................................................................ 41 
  Insights and implications .......................................................................................... 42 
 Case 7. Palembang waste-to-energy plant .................................................................. 44 
  Project overview and impact ..................................................................................... 44 
  Financing model and China’s role ............................................................................ 44 
  Insights and implications .......................................................................................... 46 

Annex ............................................................................................................................ 47 
 Methodology ............................................................................................................ 47 
 Exchange rates and deflators ................................................................................... 49 
 IEA scenarios ........................................................................................................... 49 
 Abbreviations and acronyms .................................................................................... 50 
 Definitions ................................................................................................................ 50 
 Regional and country groupings ............................................................................... 54