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Completion of the Fujian Xinhua Bay offshore wind demonstration project
The Xinghua Bay offshore test wind farm has been inaugurated in Fujian Province. The project has been completer with a total investment of 1.47 billion RMB and is composed of 14 wind turbines, produced by 7 manufactures, with a total 80 MW installed capacity. During the first 4 months of operation, the plant has performed with an average availability of 99.3%, 417 average monthly utilization hours and a cumulative power generation equal to 17.7 GWh. (IN-EN)
Results of the Three Gorges demonstration projects are well awaited by the whole industry as it features a few new turbines, all above 5MW and with a mix of well known domestic players (Goldwind, Mingyang, XEMC, CSIC), international players (GE and Siemens) as well as relatively new players (Taiyuan Heavy Industry). The CAPEX of 18,375 RMB per kW is high compared to other offshore wind farms but very reasonable for a demonstration project which is more complex and costly in nature.
China's first provincial offshore wind data centre construction
Guangdong Province has started China's first provincial offshore wind big data centre project. Offshore wind power construction faces technical and commercial risks such as high CAPEX requirements, high equipment failure rate and difficult maintenance conditions. The creation of the new big data centre will enable the implementation of smart O&M solutions for offshore wind farms. (BJX)
The new project is aimed at supporting deployment of IoT technology. This approach, already applied to many different industries, should allow better production forecasting and predictive maintenance strategy.
38.5 TWh direct power trading in Liaoning province
On April 18, Liaoning Power Trading Centre Co. completed the first batch of direct power trading transactions between customers and power developers, with a total trading of 38.5 TWh. The transaction accounted for 60% of the 64 TWh of total power traded in Liaoning province in 2018. 131 power generation companies participated; among them 25 thermal power stations (30.7 TWh), 105 wind power stations (1 TWh) and 1 nuclear (6.8 TWh) power station. (StateGridNews)
Direct Power Trading is one of the key measures of the Chinese Power Reform, enabling consumers and producers to enter in direct transactions and pushing the grid to offer transparent pricing for its transmission services. However as predicted by Azure in publications 2 years ago, while the clean energy industry players were enthousiastic about the policy's potential to help reduce curtailment, the bulk of the trading is between large industrial players and coal fired power plants. With poor predictibility, it won't be easy for wind and solar to compete in this new environment.
Electricity price has dropped by 2.5 % in Hubei province
On April 23, after NDRC approval, Hubei province has announced a 0.0256 RMB/kWh commercial user and T&D price reduction plan, which is expected to help businesses save 757 million RMB. Hubei plans to cut the industrial and commercial electricity prices again in July, continuing the effort to standardize energy transmission and distribution prices. (Hubei Price bureau)
The reduction is aligned with the 10% electricity commercial price reduction plan announced by NDRC on April 2018 (for further information see the news published on April 23rd on our website). Hubei is one of the first provinces to align with the policy; and we expect other Chinese provinces to follow suit in the next weeks or months.