Inner Mongolia Zhonghaiyou Huade Wind Farm Phase-1, China

Inner Mongolia Zhonghaiyou Huade Wind Farm Phase-1 is a 49.5MW onshore wind power project. It is located in Inner Mongolia, China. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in December 2009.

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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	49.5	49.5	–	Active	Inner Mongolia, China	CNOOC New Energy Investment

Description

The project is developed and owned by CNOOC New Energy Investment.

The project generates 130,000MWh electricity and supplies enough clean energy to power 6,369 households, offsetting 120,000t of carbon dioxide emissions (CO2) a year. The project cost is $73.203m.

Development Status

The project is currently active. The project got commissioned in December 2009.

Contractors Involved

Xinjiang Goldwind Science & Technology was selected as the turbine supplier for the wind power project. The company provided 33 turbines, each with 1.5MW nameplate capacity.

About CNOOC New Energy Investment

CNOOC New Energy Investment Co., Ltd. is engaged in the development and utilization of renewable and alternative energies. The company’s core business covers technology development and utilization in coal gasification, coal to liquid, and coal chemistry; development and utilization of the renewable energies such as wind energy, solar energy, bio-energy, etc.; development and utilization of hydrogen and geothermal energy, ocean gas hydrate; development and utilization of technologies associated with production of the above stated forms of energy as well as energy saving technologies.

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.