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November 26, 2021

Guangdong Guishan Zhuhai Wind Farm, China

By Carmen

Guangdong Guishan Zhuhai Wind Farm is a 120MW offshore wind power project. The project is located in Lingding Sea, Guangdong, China. The project is currently active. It has been developed in multiple phases. The project construction commenced in 2017 and subsequently entered into commercial operation in 2018.

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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 Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Offshore 120 120 Active Guangdong, China

Description

China Ming Yang Wind Power Group, China Southern Power Grid Comprehensive Energy, China Three Gorges New Energy, Datang International Power Generation, Guangdong Electric Power Development, Guangdong Energy Group and Guangzhou Development Group are currently owning the project.

The wind turbines in the Guangdong Guishan Zhuhai Wind Farm Phase Ia are installed on fixed foundations. An array of jacket foundations feature in the phase.

The wind turbines in the Guangdong Guishan Zhuhai Wind Farm Phase Ib are installed on fixed foundations. An array of jacket foundations feature in the phase.

The project generates 266,000MWh electricity thereby offsetting 206,700t of carbon dioxide emissions (CO2) a year.

Development Status

The project is currently active. The project construction commenced in 2017 and subsequently entered into commercial operation in 2018.

Contractors Involved

Guangdong Guishan Zhuhai Wind Farm (Guangdong Guishan Zhuhai Wind Farm Phase Ia) is equipped with China Ming Yang Wind Power Group SCD 3.0MW turbines. The phase consists of 34 turbines with 3MW nameplate capacity.

Guangdong Guishan Zhuhai Wind Farm (Guangdong Guishan Zhuhai Wind Farm Phase Ib) is equipped with China Ming Yang Wind Power Group SCD 6.0MW turbines. The phase consists of 3 turbines with 6MW nameplate capacity.

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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