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Local DRC releases Guangdong new bidding mechanisms for offshore wind farms
The Guangdong Development and Reform Commission (DRC) has drafted new measures for competitive bidding of offshore wind power projects within the province in an attempt to promote efficient development of offshore wind power and technology, industrial upgrading, as well as market-oriented development. The measures are currently being implemented in a trial period and apply to select projects as detailed below.
Scope of application:
1. Projects approved before 2019 – FIT (0.85CNY/kWh)
2. Projects with determined investment entities and approved after 2018 will be subject to competitive on-grid tariffs and development rankings
3. Projects that have not yet determined investment entities before May 18, 2018 will be required to determine the investment entities and will be subject to competitive on-grid tariffs and development rankings (Guangdong DRC)
Guangdong Zhuhai Guishan 102MW offshore wind farm (Operating)
According to the scope of application of this policy, Azure thinks that multiple offshore projects in Guangdong will be approved within this month. The Guangdong DRC has previously published an opinion on this policy in August earlier this year (Azure news). The policy has not changed much since the draft, and still favors local developers as only references in Guangdong province and China are taken in account. However based on discussions with local governments and players in Guangdong we believe this is an omission rather than a deliberate intention to exclude foreign investors from Guangdong.
Yangjiang DRC approves China’s largest offshore wind farm
CGN’s Yangjiang Fanshi I 1,000MW offshore wind farm has been approved for construction by the Yangjiang DRC. The 1,000MW offshore wind farm surpasses what used to be the largest wind farm in China, the Zhenjiang Xuwen 600MW offshore wind farm, by 400MW, making it now number one. CGN’s Yangjiang Fanshi I 1,000MW offshore wind farm is located south of Yangjiang’s Nanpeng Island in Guangdong Province. The project plans to deploy 5.5MW WTG and feature three 220kV offshore substations. The turbines will be installed in depths of 38m to 50m, and the wind farm will be constructed between 2020 and 2025 with a total investment above 18.8 billion CNY. (Yangjiang DRC)
CGN’s Yangjiang Fanshi I project belongs to the Yangjiang deep-water offshore wind zone II (as outlined in the Guangdong offshore wind development plan). With increases in water depth, floating foundations may have more advantage than the traditional WTG foundations and some of the developpers are interested to test floating technologies. Since November 2018, Yangjiang City has approved 3,300MW offshore wind projects but has more than 5,000MW of pipeline is still under review by the local government. Azure thinks that some of the remaining pipeline will be approved within this month.
6,000MW unsubsidized onshore wind project FSR passes review
The Feasibility Study Report (FSR) for the first phase of SPIC