View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
October 5, 2021updated 13 Oct 2021 8:46am

Guangdong Zhuhai Jinwan Hai Upwind Power Project, China

By Carmen

Guangdong Zhuhai Jinwan Hai Upwind Power Project is a 302.5MW offshore wind power project. The project is located in South China Sea, Guangdong, 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 November 2020.

Free Report
img

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.

Project TypeTotal Capacity (MW)Active Capacity (MW)Pipeline Capacity (MW)Project StatusProject LocationProject DeveloperOffshore302.5302.5-ActiveGuangdong, ChinaGuangdong Yudean Zhuhai Offshore Wind Co

Description

The project was developed by Guangdong Yudean Zhuhai Offshore Wind and is currently owned by Guangdong Energy Group.

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

The project generates 729,000MWh electricity thereby offsetting 433,000t of carbon dioxide emissions (CO2) a year. The project cost is $746.78m.

Development Status

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

Contractors Involved

Guangdong Electric Power Design Institute was selected to render EPC services for the wind power project.

Guangdong Zhuhai Jinwan Hai Upwind Power Project (Guangdong Zhuhai Jinwan Hai Upwind Power Project Phase I) is equipped with China Ming Yang Wind Power Group MySE5.5MW turbines. The phase consists of 30 turbines with 5.5MW nameplate capacity.

Guangdong Zhuhai Jinwan Hai Upwind Power Project (Guangdong Zhuhai Jinwan Hai Upwind Power Project Phase II) is equipped with China Ming Yang Wind Power Group MySE5.5MW turbines. The phase consists of 25 turbines with 5.5MW 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.

Related Companies

Free Report
img

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.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology