Hebei Zhangjiakou Wanquan Xiemarin Wind Farm, China

Hebei Zhangjiakou Wanquan Xiemarin Wind Farm is a 100MW onshore wind power project. It is planned in Hebei, China. The project is currently in permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2023.

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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
Onshore	100	–	100	Permitting	Hebei, China	CECEP Wind-Power

Description

The project is being developed and currently owned by CECEP Wind-Power.

The project cost is expected to be around $118.428m.

The wind power project will consists of 50 turbines each with 2 MW nameplate capacity.

Development Status

The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2023.

About CECEP Wind-Power

CECEP Wind-Power Corp Co Ltd (CECEP) is a renewable energy company that develops and operates wind energy projects. The company’s business activities include development, investment, construction, management, operation and maintenance of wind power projects. It develops wind power in Hebei province and Gansu province with pipeline projects in Xinjiang, Gansu, lnner Mongolia, Hebei, Jilin, Jiangsu, Heilongjiang, Zhejiang, Fujian and Hainan provinces in China. CECEP operates Wind Power Concession Project in Changma. The company also saves natural resources and protects the environment through green power operations and clean technology. CECEP is headquartered in Beijing, 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.