Longyuan has declared an on-grid electricity price of 0.65CNY/kWh, 0.15CNY below the nationally established guiding price, for the Shanghai Fengxian 200MW offshore wind project, China’s first offshore wind project to undergo competitive bidding.
The project is located in the northern area of Hangzhou Bay, at a Wind Power Class 3 site with annual average wind speed of about 7.2m/s, hub height of 95m and annual average wind power density of about 349.16W/m2. (Shanghai DRC)
The declared price has a 40% weight in the competition method. According to rules set by Shanghai DRC, the lowest bidding price can get a score of 40, while other bidders' prices will be scored relative to the lowest. However, the lowest price is not guaranteed to win the bid for the project; other influences include developer references and WTG capacity (see graph). If the lowest price is 0.65CNY/kWh, and the national guidance price is 0.8CNY/kWh, the project can get a score of 36.5. The remaining 3.5 points can be determined by WTG capacity (>6MW can get 5 points, ≥5MW can get 3 points, <5MW gets 0 points) and company references (references in at least 200MW of offshore wind farm in Shanghai can get 4 points, 100MW-200MW can get 2 points).