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China’s SPIC Links New Offshore Wind Farms to National Grid

SPIC connected two wind farms off Guangdong province – the 315MW Jieyang Shenquan project and the 600MW Zhanjiang Xuwen project – to the national grid on Tuesday


The first project is undergoing environmental impact assessment and a final investment decision will be made in 2024 or 2025, its Korea chief executive said.
A file photo of a wind farm. The 800 megawatt project, expected to cost several billion dollars and finish commissioning in 2028-29, is wholly owned by Equinor but the company is looking for partners, he said. Photo: Reuters.

 

China’s State Power Investment Corporation (SPIC), the country’s top green power operator, connected two newly built offshore wind farms off southern China’s Guangdong province to the state grid on Tuesday, the company said on its official WeChat account.

The start-up of the 315-megawatt (MW) Jieyang Shenquan project and the 600-MW Zhanjiang Xuwen project effectively raises SPIC’s share of clean energy in its total installed power generation capacity to 60%, versus 43.3% five years ago, the company said.

SPIC said it is the world’s top renewables power operator of more than 100 gigawatts (GW), including more than 38 GW of solar power.

The Shenquan farm took 258 days from the start of construction to the connection to state grid, and is expected to supply to the grid one billion kilowatt hours of electricity a year and cut carbon dioxide emissions by 780,000 tonnes.

 

  • Reuters with additional editing by Kevin Hamlin

 


 

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Kevin Hamlin

Kevin Hamlin is a financial journalist with extensive experience covering Asia. Before joining Asia Financial, Kevin worked for Bloomberg News, spending 12 years as Senior China Economy Reporter in Beijing. Prior to that, he was Asia Bureau Chief of Institutional Investor for ten years.