Shanghai DRC releases China’s first offshore wind farm bidding results

Shanghai DRC releases China’s first offshore wind farm bidding results

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Results of China’s first offshore wind farm bidding show Shanghai Electric Power and Shanghai Green Energy Consortium have been awarded the highest scores for the Shanghai Fengxian offshore wind farm project. (Shanghai DRC)

From recent publicly released information, we know that Longyuan has declared an on-grid price of 0.65CNY/kWh, while Shanghai Electric Power and Shanghai Green Energy Consortium have declared an on-grid price of 0.7338CNY/kWh. However, as we noted in last week’s Azure newsletter (Week of August 26, 2019), “the lowest price is not guaranteed to win the bid for the project,” and we were expecting the consortium to have higher score given their strong references in the Shanghai area, having participated in the construction and operation of the Shanghai Donghai Bridge I 100MW offshore wind farm.