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Tianjin DRC releases 2019 onshore wind tariff competition results
14 onshore wind projects participated in the competitive bid representing a total capacity of 905MW. Developers have committed to on-grid tariffs ranging from 0.44 CNY/KWh to 0.55 CNY/KWh. (Tianjin DRC)
This is the second announcement of well-awaited competitive price bidding results in China, following Ningxia's results in December 2018 (see Azure News). Based on its relatively low wind resource, Tianjin is classified as a type IV zone, which up until last year meant an onshore wind FIT of 0.57 CNY/KWh. The results of the competition show developers have committed for on-grid tariffs which are 3% to 22% lower compared to the previous FIT level. The lower end now brings us closer to grid parity, as coal power plants in Tianjin sell electricity for 0.36 CNY/kWh. What remains unclear is the consequence of this bidding: results will determine the rank of each project on the Tianjin construction plan but we yet have to find out how many projects can get on the plan in total, and what happens if a project fails to get on the list several years in a row. Given that Tianjin is a "green zone" with no curtailment, the local DRC can decide of the construction plan without approval from central government.
Electricity price for commercial consumption to be reduced 10% in 2019
The Government Work Report of the second meeting of the 13th National People’s Congress revealed the 2019 goals of reinforcing power marketization reform, refining add-on pricing for electricity and reducing the cost of electricity consumption in manufacturing. It was also revealed that the average electricity price for commercial consumption would be reduced by 10% in 2019. (GOV)
According to a State Grid report, the electricity price burden of the commercial sector was reduced by 79.2 billion CNY last year, a decrease of 12.4%, therefore achieving the target of reducing average industrial and commercial electricity price by 10% in 2018.
Jiangsu DRC terminates more than 1.5GW of wind projects
Following National Development and Reform Commission (NDRC) requirements, Jiangsu DRC released the list of wind projects that are being terminated totaling 1,564.5MW, of which two are offshore:
In this document, it was also mentioned that in Jiangsu there are 1,846MW of wind projects that have been approved but have not yet started construction.
The two aforementioned terminated offshore wind projects are:
More than 8GW of wind projects approved but not yet built in IMAR
In Inner Mongolia Autonomous Region (IMAR), more than 8GW of wind projects have been approved but have not yet started construction, while another 1,718.5MW have been terminated by IMAR DRC.
SPIC and CSIC sign strategic cooperation agreement
State Power Investment Corporation (SPIC) and China Shipbuilding Industry Corporation (CSIC) have signed a strategic cooperation agreement under which the two parties will carry out extensive cooperation in the fields of nuclear energy, wind power, solar and hydro energy. (SPIC)
Construction on Nanjing 130MW/268MWh Battery Storage Power Plant begins
The Nanjing Battery Storage Power Plant, which began construction in Jiangbei New District on March 6, will be the largest grid energy storage station in China.(Jiangsu China)