China Three Gorges has announced plans to build a 16 GW renewable energy cluster in China’s Inner Mongolia region, including 8 GW of solar power, 4 GW of wind power, a 200 MW solar thermal system, a 4 GW and an energy storage system of 500 MWh. .
China Three Gorges Renewables, a unit of state-owned China Three Gorges Corp., has announced plans to build a giant renewable energy cluster in the Kubuqi Desert, Ordos, Inner Mongolia.
The National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) are in charge of the CNY79.79 billion ($11 billion) project.
The 16 GW project will consist of 22 booster stations, each with a capacity of 220 kV, covering an area of approximately 1,400 square kilometers. It includes 8 GW of PV energy, 4 GW of wind energy, a 200 MW solar thermal system, a 4 GW coal-fired power plant for frequency and peak control, and a 500 MWh energy storage system with electrochemical storage and electrically heated molten energy. salt storage.
The PV and solar thermal energy sections have received government approval before the announcement date, while the wind and coal energy sections have obtained administrative permits. Other necessary approvals are currently being processed.
A joint venture will finance the project, with a subsidiary of China Three Gorges Renewables owning 56% and a regional energy group from Inner Mongolia holding 44%. Of the total investments, 20% (approximately CNY 15.96 billion) will come from its own resources, while the remaining 80% will be financed through bank loans and financial leasing.
China Three Gorges Renewables plans to start construction in September 2024, and completion and connection to the power grid are expected in June 2027. The electricity generated will be transported to the Beijing-Tianjin-Hebei region and northern China via the soon to be built ±800 meters. kV ultra-high voltage transmission project, Mengxi-Jing-Jin-Ji Line.
The largest shareholder of China Three Gorges Renewables is China Three Gorges Corp., which is under the direct control of the State Assets Supervision and Administration Commission (SASAC) of the State Council. The company is a strategic entity for China Three Gorges Corp.’s renewable energy projects, including the development of onshore wind power, offshore wind power and solar power.
By the end of 2023, China Three Gorges Renewables’ power generation assets covered 30 provinces across China, with a total installed capacity of more than 40 GW and total assets of more than CNY 310 billion.
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