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October 5, 2021updated 14 Oct 2021 2:26pm

SPIC Jigansu Dafeng H3 Offshore Wind Farm, China

By Carmen

SPIC Jigansu Dafeng H3 Offshore Wind Farm is a 302.4MW offshore wind power project. The project is located in East China Sea, Jiangsu, China. The project is currently active. It has been developed in single phase. The project construction commenced in 2017 and subsequently entered into commercial operation in December 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 TypeTotal Capacity (MW)Active Capacity (MW)Pipeline Capacity (MW)Project StatusProject LocationProject DeveloperOffshore302.4302.4-ActiveJiangsu, ChinaChina Power Investment Corp (Inactive)

Description

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

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

The project generates 850,000MWh of electricity. The project cost is $884.82m.

Development Status

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

Contractors Involved

Huadian Heavy Industries was selected to render EPC services for the wind power project.

Envision Energy was selected as the turbine supplier for the wind power project. The company provided 72 units of EN136-4.2 turbines, each with 4.2MW nameplate capacity.

About China Power Investment

State Power Investment Corp Ltd (SPIC), established by the merger of China Power Investment Corp and State Nuclear Power Technology Corp, is a state-owned power generator enterprise. The company owns and operates power generation plants and offers hydro-power, thermal power, nuclear power and new energy generation services. The company carries out research and development, designing, and manufacturing of nuclear power components and equipment. SPIC’s business activities include project contracting, mining investments, life cycle services and technical supports. The company operates in China, Japan, Malta, Australia, India, Turkey, Pakistan, Brazil and Myanmar. 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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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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