China state-backed power company plans 2 GW high-tech solar plant
2018.01.29 From:
China’s SPIC Shijiazhuang Dongfang Energy said on Thursday it plans
to build a high-tech solar power plant in Inner Mongolia with capacity
of 2 gigawatts (GW), which would be one of the largest of its kind in
the world’s top solar market.
The project would cost about 46
billion yuan ($7.27 billion) and use concentrated solar power (CSP)
technology, part of Beijing’s years-long push to boost clean energy use
and develop its energy storage expertise.
The company statement
to the Shenzhen exchange outlining preliminary plans for the plant did
not say when construction would start or when it expects the project to
be complete.
The company is majority owned by state-owned State Power Investment Corp (SPIC).
The
company said it would invest 4.6 billion yuan ($728 million) in the
first phase to build 200 MW of capacity, including additional equipment
like transformer substations.
Unlike photovoltaic (PV) plants,
which use panels, CSP technology generates solar power by using mirrors
or lenses to concentrate sunlight. It can then store thermal energy in
molten salt or synthetic oil, allowing CSP plants to continue generating
power after sunset.
China has been promoting CSP projects and
their energy storage capability to ease the nation’s increasing energy
waste problem. Stranded and wasted power is caused when there is not
enough transmission capacity to handle electricity generated by wind,
solar and hydro-power plants. Storing the power helps to alleviate that
wastage problem.
The country aims to install at least 5 GW of CSP
capacity by 2020 and boost large-scale energy storage capacity over the
next decade.
The state planner has approved 20 pilot CSP schemes with installed capacity totalling 1.35 GW and plans to include more projects in the near term.
Dongfang said in the statement its project will be entitled to receive subsidies from central and local governments.
Relevant CSP Conference:2018 CSP Focus Conference(March 22-23 Beijing)
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