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Wind: Guangdong Province announces the investment of 16 offshore wind farms
The Guangdong Provincial Development and Reform Commission has issued the "Guangdong Province Major Construction Project Plan for 2018" officially announcing 1,098 key projects, with a total investment of 5.67 trillion yuan including 600 billion yuan to be invested during 2018. The overall plan includes 16 offshore wind power projects with the first 99MW project already in operation. (GDDRC.GOV.CN)
The plan includes 6 offshore wind farms currently under construction with capacity of 1,618MW and 10 new offshore wind farms with capacity of 3,650MW (see detailed breakdown of project owners from our database below). The total capacity of 5.27 GW is lower but more realistic than the 10 GW of offshore wind which was earlier announced as part of the "Thirteenth Five-Year Plan"(2016-2020) for the Development of Marine Economy in Guangdong Province by 2020. However we advise wind investors to correlate these provincial level plans with national level NEA targets over the same period in order to assess any potential grid connection and FIT risk.
Source: Azure International
Zhangjiakou City announces 50 GW of renewable energy by 2030.
On March 22, 2018, Zhangjiakou City (Hebei Province) hosted the first GREAT WALL WORLD RENEWABLE ENERGY FORUM.
Starting from 2015, the installed capacity of renewable energy in Zhangjiakou has reached 11.45 GW, accounting for 71% of the total installed capacity of electricity. Looking forward, the city is planning to build a 10 GW-class wind power base as well as other large projects in the area. (People’s Daily)
A capacity of 50GW of renewable energy by 2030 has been officially announced. For illustration, this is equivalent to any of the following: 2.5 times the total wind and solar capacity installed in the province by the end of 2017, 17% of the total wind and solar capacity installed in China by the end of 2017, 1.5 times the renewable power capacity in Italy in 2016 or 1.2 times that of U.K. in 2017. Zhangjiakou internal energy consumption is however limited. In order to allow transportation and distribution of such an amount of renewable power towards Beijing and other load centers, a GigaWatt scale “Olympic photovoltaic corridor” T&D project is being built.
The Ministry of Finance adjusts standards for cost of marine area usage.
On March 13, 2018, the State Oceanic Administration of the Ministry of Finance has published the "Notice on Adjusting the Levy Standards for Use of Sea Areas and Non-Resident Islands". In the near future, public administrations are expected to introduce and implement new taxes and standards for "land" utilization and energy generation in marine areas.
The notice which will come into effect on May 1, 2018 suggests that offshore wind farm developers will in the future need to pay new fees and taxes for marine area usage which was mostly free in the past (SOA.GOV.CN)
Three Gorges New Energy and Tianjin Binhai New Area Sign a 1 GW offshore wind power project.
On March 27th, Three Gorges Energy and Tianjin Binhai New Area signed an "Investment Cooperation Agreement" under which Three Gorges New Energy will invest approximately RMB 18 billion in the Nangang Industrial Zone of Binhai New Area, Tianjin, and build a total of 1 GW of offshore wind power projects. The estimated annual power generation is 2.4 TWh, generating 2 billion RMB of annual income.
During the first phase, 70 turbines with a total capacity of 350 MW and a total investment of 5.2 billion RMB, will be built. The first phase project is estimated to generate about 0.8 TWh and 710 million RMB annually. All units are planned to be put into operation in 2022. (China Three Gorges New Energy Co.., Tianjin Government)
Marking the first significant announcement for offshore wind in Tianjin, this Three Gorges offshore project is likely to become the closest offshore wind farm to Beijing, as Tianjin serves as a harbor city for the capital. Through offshore wind power projects, Nangang Industrial Zone, will be able to promote local high-end manufacturing industries and local economic growth, likely offering new opportunities for wind industrial players.