Shandong Peninsula North 5 Offshore Wind Power Project is a 600MW offshore wind power project. It is planned in Yellow Sea, Shandong, China. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. The project construction is likely to commence in 2025 and is expected to enter into commercial operation in 2029. Buy the profile here.

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Description

The project is being developed and currently owned by CGN New Energy Holdings. The company has a stake of 100%. The project will be spread over an area of 94km².

Development status

The project construction is expected to commence from 2025. Subsequent to that it will enter into commercial operation by 2029.

For more details on Shandong Peninsula North 5 Offshore Wind Power Project, buy the profile here.

About CGN New Energy Holdings

CGN New Energy Holdings Co Ltd (CGN New Energy), a subsidiary of CGN Energy International Holdings Co Ltd, is an independent power producer. It generates electricity and steam using conventional and non-conventional energy sources. The company business includes: Solar, Wind, Hydro and Integrate. The company acquires clean and renewable power generation projects besides developing greenfield and brownfield projects. CGN New Energy constructs and operates wind, solar, gas-fired, coal-fired, oil-fired, hydro, cogeneration, and fuel cell plants in China and South Korea. The company’s portfolio of assets also comprises steam project. Its major customers are electricity off-takers. The company sells power through Korea Power Exchange. CGN New Energy is headquartered in Hong Kong.

This content was updated on 4 January 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.