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Shandong, renewables account for 20% of new installed capacity
Shandong is speeding up the establishment of a clean energy supply system. On April 26th, State Grid Shandong Electric Power Co. announced that the province's renewable energy installed capacity has reached 26.04 GW, accounting for 20.7% of total installed capacity and, by the end of 2020, it is expected to reach 31 GW. Moreover, Shandong has recently actively promoted the construction of UHV transmission channels that,up to now, have guaranteed an incoming 400 GWhof energy,allowing to save the equivalent of 180 million tons of coal consumption. By 2019, the 1000 kV Shandong-Hebei UHV project will be completed and put into operation, andby 2020, Shandong’s grids expected to be more than 30 GW incoming power. (CEC)
Shandong is actively incentivizing clean-energy and cross-regional market transactions. Renewables capacity is expected to increase by 16% in less than 2 years. The province is currently promoting non-coal energy sources.The premium localization between Beijing and Shanghai offers huge potentialities for energy tradings. The development of UHV transmissions channels will generate high opportunities also for the neighboring provinces.
6.4 TWh nuclear power transmissions in Fujian province
During the first quarter of this year, Fujian province consumed 10.8 TWh of energy. Nuclear power delivered 6.4 TWh, two times the production registered during the same period of 2017. The total installed power capacity reached a 55.97 GW value, with clean energy accounting for 54.5%, and nuclear energy accounting for 8.71 GW, 15.6% of total, ranking second in the country. Moreover, the 1000-kV UHV T&D project between northern Zhejiang and Fuzhou has been put into operation, increasing power grids exchange capacity from 1.7 GW to 4.5 GW. (BJX)
Renewable energy is currently accounting for more than half of installed power capacity in Fujian. During the first quarter of 2018, nuclear power satisfied almost 60% of transactions in the province. Renewables are expected to represent a solution to support the continuous growth of demand in the area.Distribution networks development will support new power stations construction, offering the possibility to rely on other provinces demands and increasing power plants utilization hours.
1.52 GW offshore wind planned capacity in Zhejiang Province
On April 25th, Dongtou district in Zhejiang Province announced a plan to develop4 offshore wind farm projects, with a total installedcapacity equal to 1.52 GW. During the first phase, 2 wind farmsaccounting for1.28 GW requiring a total investment of 20 billion RMB are going to be developed by Envision Energy Co, which is also going to invest locally to build an assembly, transport and O&M facility. (CHINA WIND NEWS)
We believe this to be interesting news both because Zhejiang province has not made many significant offshore wind annoucements so far, compared to its neighboring coastal provinces Jiangsu and Fujian, and also because the development rights to the project are directly awarded to Envision which is one of the leading Chinese turbine manufacturers. It is unknown at this point whether Envision will develop and invest in the project or transfer the rights to one of the large State Owned generation companies.
The world’s largest water, wind and solar multi-energy complementary project
Yellow River National Electric Power Investment Co. will build the world’s largest solar, hydro andwind multi-energy demonstration project. The plan includes 4.16 GW of hydropower, 4 GW of photovoltaics, and 2 GW of wind power. After project completion, energy from the different sources will be exported via a common750 kV substation. (IN-EN)
While the artcile does not mention it explicitely, we expect that the project is using the pumped hydro energy storage functionof the hydro dam to balance for the irregular nature of wind and PV energy. This would be an effective way to reduce curtailment risks and grid unstability while provide opportunities to increase renewable energy penetration locally.
Beijing is increasing inter-regional power tradings
During the first quarter of 2018, Beijing Power Grid transmitted 29.8 TWh, a 13.88% year-on-year increase,including 18.3TWh purchased from North China Power Grid, an increase of 25.91% year-on-year, and 10.9 TWh produced within Beijing province, a year-on-year decrease of 1.84%. (BJX)