Hainan is making progress on the development of its 12.3 GW offshore wind plan. Huadian has launched tenders for preliminary studies for its project in Ledong, on the west coast of the island.
Despite efforts from the central government to boost coal production after record coal prices and power shortages last year, coal prices have remained high this year. This has extensively profited China’s coal mining industry. Shaanxi Coal Industry has announced its profits have tripled year on year during the first half of 2022.
Energy storage keeps making headlines as its role in China’s energy system is still being explored. Shandong gives priority to energy storage capacity to decide which market-oriented wind and solar projects get to be grid connected. In addition, many provinces are now requiring rooftop solar projects to be bundled with energy storage. We look at how the latter policy might impact business models for rooftop solar projects in our Corporate Net Zero Pathways column.
The Azure Research
and Strategy team
News Summary
-
Hainan Huadian Ledong 600MW offshore wind project launches preliminary work bidding -
Shandong clarifies grid connection rules for wind and solar projects: energy storage determining for grid connection -
Western Inner Mongolia cancels preferential electricity prices for strategic emerging industries -
China’s coal mines profits treble driven by high coal prices -
Energy storage systems bundling requirements for rooftop solar, another policy burden for solar power?
Hainan Huadian Ledong 600MW offshore wind project launches preliminary work bidding
The Huadian electronic commerce platform shows that Huadian group has launched tendering for the feasibility study report (FSR) and other preliminary works for the Hainan Huadian Ledong 600MW offshore wind project.
The project is located in the sea area on the west side of Ledong County, Hainan Province. The center of the site is about 35km from the shore, the site area is about 96km2, and the average water depth is 35m. The project will be composed of seventy-one 8.5MW wind turbines and will be equipped with a 220kV offshore booster station.
According to Hainan's 12.3GW offshore wind power competition configuration plan, Ledong will welcome two offshore wind sites: CZ10-1 600MW and CZ10-2 600MW.
(CHDTP)
Shandong clarifies grid connection rules for wind and solar projects: energy storage determining for grid connection
The Shandong Energy Bureau has recently released the ‘Guiding Opinions on Grid-connected Guarantee of Wind Power and solar Power Generation Projects in Shandong Province’. Grid connection priority for market-oriented projects will be decided according to energy storage capacity. Projects are then sequentially included in the annual development and construction capacity until the capacity limit is reached for that year.
Wind and solar projects are divided into guaranteed projects, market-oriented projects and on-site consumption projects:
Guaranteed projects mainly include household solar, industrial and commercial distributed solar projects, county-wide distributed solar, offshore wind power, offshore solar projects supported by relevant provincial policies, and others.
Market-oriented projects refer to onshore wind power and onshore centralized solar projects that deploy energy storage on a voluntary basis to obtain grid connection.
On-site consumption (e.g. renewable captive power plant) projects mainly include projects not connected to the public power grid, new energy self-provided power stations, power to gas (P2G) hydrogen production, seawater desalination, and other projects.
(Shandong GOV)
Western Inner Mongolia cancels preferential electricity prices for strategic emerging industries
China’s coal mines profits triple driven by high coal prices
According to the Shaanxi Coal Industry (陕西煤业) semi-annual report, in the first half of 2022, Shaanxi Coal Industry achieved revenues of CNY 83.69 billion (USD 12 billion), a year-on-year increase of 14.86%, and realized a net profit of CNY 24.598 billion (USD 3.6 billion), a year-on-year increase of 196.60%. This makes Shanxi Coal Industry the second most profitable company in China’s western region after the liquor producer Guizhou Moutai.
Profit increases are mostly driven by high coal prices, as coal sales volume decreased by 17.7% while coal prices rose 42 % year on year.
(Sina)
Corporate Net Zero Pathways
Many provinces are now requiring rooftop solar projects to be bundled with energy storage. We look at how the latter policy might impact business models for rooftop solar projects in our Corporate Net Zero Pathways column.
ORIGINAL LINK:
Many provinces now require rooftop solar to be bundled with ESS
END
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