- Published: 26 November 2018
- Local DRC pre-approves SPIC Zhanjiang Xuwen offshore wind project
- Q1 ~ Q3 PV newly installed capacity decreases 19.7% YOY
- ZSOAF pre-approves CGN Daishan IV offshore wind project sea area use right
- 3-Gorges plans to transfer 61% stake in pumped storage power generation company
- JHD and Guangxi HOPE sign MOU for waste power battery recycling
Local DRC pre-approves SPIC Zhanjiang Xuwen offshore wind project
The Zhanjiang City Development and Reform Bureau has released a public notice regarding the Zhanjiang Xuwen offshore wind project and is now accepting feedback during the notice period. The project is divided into two phases and has a total planned installed capacity of 600MW. The estimated annual on-grid power for this project is 1.5Twh and the annual equivalent full load hours is 2505h. The project will also involve the construction of 2 units of 220kv offshore substations. (Zhanjiang DRC)
In December 2017, the Zhanjiang government, SPIC and Mingyang Wind Power signed an MOU for the Zhanjiang Xuwen offshore wind project. The agreement stated that:
- The Zhanjiang government will promote the project’s approval and support preferential policy.
- SPIC will ensure that the project begins construction in 2019 and deploys Mingyang’s WTG and O&M service.
- Mingyang will invest in building a new energy service center in Zhanjiang.
Q1 ~ Q3 PV newly installed capacity decreases 19.7% YOY
According to the National Energy Administration (NEA), China’s PV power generation newly installed capacity totaled 34.5GW in the first three quarters of 2018, down 19.7% year-on-year (YOY). Among that figure, centralized PV newly installed capacity made up 17.4GW and distributed PV newly installed capacity made up 17.1GW. By the end of September, the national PV total installed capacity was 164.7GW, with 117.9GW in centralized PV and 46.8GW in distributed PV. (NEA)
The chart above represents the percentage of PV newly installed capacity that each region accounts for of the total 34.5GW. The sharp decrease (19.7%) in Q1 ~ Q3 PV newly installed capacity can be seen as a direct result of the “PV 531” policy.
ZSOAF pre-approves CGN Daishan IV offshore wind project sea area use right
On November 13, the Zhoushan Ocean and Fishery Bureau released a public notice for the CGN Daishan IV Offshore Wind Power Project’s (Phase I) sea area use application, giving the public a period of 20 days to voice any objections or hearing requests. The CGN Daishan IV offshore wind farm is planned to have a total installed capacity of 216MW and a total investment of 4 billion CNY. (ZSOAF)
3-Gorges plans to transfer 61% stake in pumped storage power generation company
On November 19, 3-Gorges announced plans to transfer a 61% stake in Hohhot Pumped Storage Power Generation Co., Ltd. for a reserve price of 929 million CNY. The IMAR hydro pump power generation company was established in 2005 with a registered capital of 1.5 billion CNY. As of October 31, 2018, the company’s financial report stated that its operating income was 838 million CNY, total assets were 6.224 billion CNY, and owner's equity was 1.322 billion CNY. (CS)
JHD and Guangxi HOPE sign MOU for waste power battery recycling
On November 20, JHD (Guangdong Guanghua Sci-Tech Co., Ltd) and Guangxi HOPE Automobile Co., Ltd signed an MOU regarding waste power battery recycling. Through the cooperation between the two parties, organic integration of economic benefits, environmental benefits and social benefits can be realized, and a model for the recycling and utilization of power batteries as well as for a circular economy can be established. (Finance Sina)
As evidence of JHD’s commitment to environmental and social responsibility, the company was among the first batch of automobile, motorcycle, three-wheeled vehicle and freight car products and producers approved by the Ministry of Industry and Information Technology (MIIT) based on its Interim Measures for the Management of Recycling and Utilization of Power Batteries of New Energy Vehicles. Additionally, apart from this MOU JHD also signed with BJEV and Skywell (Nanjing Jinlong) to cooperate and advance sustainable development in China.