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  1. Market Data
November 26, 2021

Tianjin Sinohydro Offshore Wind Farm, China

By Carmen

Tianjin Sinohydro Offshore Wind Farm is a 90MW offshore wind power project. The project is located in Bohai Sea, Hebei, 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 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.
by GlobalData
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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Offshore 90 90 Active Hebei, China Sinohydro

Description

The project was developed by Sinohydro.

The wind turbines in the project are installed on fixed foundations. An array of high-rise pile cap foundations feature in the project.

The project generates 180,000MWh electricity and supplies enough clean energy to power 80,000 households, offsetting 192,000t of carbon dioxide emissions (CO2) a year. The project cost is $267.939m.

Development Status

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

Contractors Involved

Siemens Gamesa Renewable Energy was selected as the turbine supplier for the wind power project. The company provided 18 units of G132-5.0 MW turbines, each with 5MW nameplate capacity.

About Sinohydro

Sinohydro Corp Ltd (Sinohydro), a subsidiary of Power Construction Corporation of China, is a state-owned engineering and construction company executing large- and medium-scale hydropower projects. Its portfolio of services includes general construction; engineering, procurement and construction (EPC); and investment. The company carries out the construction of water conservancy, hydropower stations, power, transportation, civil work, mining, and real estate projects. The company also offers project financing, design, implementation, and operation of infrastructures such as power, transportation, civil work, mining, and real estate. The company has regional offices in several countries across Asia-Pacific, Africa, America, Eurasia, West Asia, and North Africa. Sinohydro 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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Free Report
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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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