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 3-Gorges Guangdong Yangjiang 300MW offshore booster station, located 28km west of Shaying, Yangxi County, Yangjiang City, has a water depth of 27-32m.
The first domestic 10MW direct drive permanent magnet offshore wind turbine has been successfully developed by Dongfang Electric and will be sent to Fujian for installation in the Xinghua Bay Wind Farm.
According to the notice, all projects that will undergo competition must be listed in the Zhejiang Offshore Wind Farm Project Planning Report, which has yet to be released. Projects subject to competition include two types:
Just a couple of days before the national Chinese New Year celebrations, the Ministry of Finance (MOF), NDRC and NEA have jointly released an announcement on non-hydro renewable power development, reaffirming that all current and new subsidized projects under the Renewable Energy Development Fund should fit within the current REDF budget (meaning that there would be no immediate increase in renewable energy surcharges collected from end users which constitute the pool of funding for the REDF, nor any injection of capital in the REDF budget).
2020 is the transitional year for China’s next five-year-plan (FYP) period (2021-2025).