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October 5, 2021updated 14 Oct 2021 2:10pm

Daishan No. 4 Offshore Wind Farm, China

By Carmen

Daishan No. 4 Offshore Wind Farm is a 234MW offshore wind power project. The project is located in Hangzhou Bay, Zhejiang, China. The project is currently active. It has been developed in multiple phases. The project construction commenced in 2019 and subsequently entered into commercial operation in December 2020.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Project TypeTotal Capacity (MW)Active Capacity (MW)Pipeline Capacity (MW)Project StatusProject LocationProject DeveloperOffshore234234-ActiveZhejiang, ChinaChina General Nuclear Power Corp

Description

The project is developed and owned by China General Nuclear Power.

The wind turbines in the project are installed on fixed foundations. An array of monopile foundations feature in the project.

The project generates 610,000MWh electricity thereby offsetting 464,000t of carbon dioxide emissions (CO2) a year.

Development Status

The project is currently active. The project construction commenced in 2019 and subsequently entered into commercial operation in December 2020.

Contractors Involved

Daishan No. 4 Offshore Wind Farm (Daishan No. 4 Offshore Wind Farm Phase IA) is equipped with Envision Energy EN148-4.5 turbines. The phase consists of 32 turbines with 4.5MW nameplate capacity.

Daishan No. 4 Offshore Wind Farm (Daishan No. 4 Offshore Wind Farm Phase IB) is equipped with Envision Energy EN148-4.5 turbines. The phase consists of 4 turbines with 4.5MW nameplate capacity.

Daishan No. 4 Offshore Wind Farm (Daishan No. 4 Offshore Wind Farm Phase II) is equipped with XEMC Windpower XE140-4.0MW turbines. The phase consists of 18 turbines with 4MW nameplate capacity.

About China General Nuclear Power

China General Nuclear Power Corp (CGN), formerly China Guangdong Nuclear Power Group (CGNPC) is a clean energy company that offers clean energy products and renewable energy services. The company’s products include nuclear power and HPR1000, among others. It offers services such as nuclear power, new energy, nuclear fuel, financial and nuclear technology. CGN constructs, manages and operates multiple nuclear power projects and other clean energy projects. The company provides consulting services such as preliminary feasibility study, operation management, construction management, and design management services. Its has its operations in the UK, Malaysia, South Korea, Namibia, and Singapore. CGN is headquartered in Shenzhen, China.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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