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December 7, 2021

SPIC Jieyang Huilai No. 2 Offshore Wind Farm Project, China

By Carmen

SPIC Jieyang Huilai No. 2 Offshore Wind Farm Project is a 500MW offshore wind power project. It is planned in South China Sea, Guangdong, China. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2026.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Offshore 500 500 Permitting Guangdong, China State Power Investment

Description

The project is being developed and currently owned by State Power Investment.

The project cost is expected to be around $1,377.7m.

Development Status

The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2026.

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About State Power Investment

State Power Investment Corp Ltd (SPIC) is a state-owned energy company that generates, distributes and sells electricity. The company constructs, operates and maintains nuclear power, thermal power, hydro and solar power plants. It offers services such as project management; operation and maintenance of power plants; power station engineering; project contracting and consultation solutions. In addition, it develops, invests, constructs, produces, operates and trades bauxite, alumina, and electrolytic aluminum. It generates electricity from various renewable energy sources including thermal, hydro, wind and nuclear. The company owns and operates power projects in Africa, Asia, Europe, Oceania, North America and South America. SPIC 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.

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