CTG to build 1GW offshore wind park in Tianjin for $2.9b
The first phase is estimated to cost $825m.
China Three Gorges New Energy, an affiliate of the Chinese state-run hydropower company China Three Gorges Corporation (CTG), will build a 1,000 MW offshore wind park in the Tianjin Economic-Technological Development Area (TEDA) off the Nangang Industrial Zone in Tianjin on China’s northeastern coast for a total investment of CNY18bn (US$2.9bn).
The first phase of the project, estimated at CNY5.2bn (US$825m), will comprise the installation of 70 offshore wind turbines rated 5 MW each, for a total capacity of 350 MW. Government approval is expected in 2019 and construction should start in 2020. When commissioned in 2022, the offshore wind park is expected to produce 2.4 TWh/year, of which 840 GWh/year for the first phase. The produced power will be supplying the petrochemical industry in the Development Area.
This article was originally published by Enerdata.