CTG to build 1GW offshore wind park in Tianjin for $2.9b | Asian Power
,China

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.

Get Asian Power in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The plant’s 40-year license expires in 2025.
The company plans to go carbon neutral by 2050.
The plant will produce around 550 tons of hydrogen a year.
It plans to invest A$1b in renewables and low carbon energy.
Deadline for entries to the inaugural awards programme is on 24 September.
The shares were bought for $453m.
The power minister said energy transition is taking place at a rapid pace.
Newly appointed Daniel Westerman wants the grid to handle 100% renewable energy by 2025.
This is the company’s first venture into Korea's offshore wind market.
The PV farm has a 60 MWp capacity.
The project has an estimated cost of $100b.
The plant has a capacity of 4.75 GW and would be built in Gujarat, India.
The company plans to transition to low-carbon.
The government made the decision a year after the plant’s completion.