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  1. Market Data
December 6, 2021

Asia Pacific’s five largest wind energy construction projects that commenced in Q3 2021

By Carmen

Here are Asia Pacific’s five largest wind energy construction projects that were initiated in Q3 2021, according to GlobalData’s construction projects database.

1. Xiangyang 1 GW Wind and Photovoltaic Power Plant – $772m

The project involves the construction of a 1GW Wind and Photovoltaic power plant in Xiangyang, Hubei, China.

Construction work started in Q3 2021 and is expected to be completed in Q4 2022.

The aim of the project is to meet the growing demand for electricity in China.

2. Dulacca Wind Farm 180 MW – $328m

The project involves the construction of a 180MW wind farm at Dulacca in Queensland, Australia.

Construction work commenced in Q3 2021 and is expected to finish in Q3 2023.

The project site is located approximately halfway between the small communities of Dulacca and Drillham in the Western Downs Region of Queensland.

3. Jiuquan Subei Mazongshan No.1 Area B Wind Farm 200MW – $190m

The project involves the construction of a 200MW wind farm in the Subei County of Jiuquan, Gansu, China.

Construction work started in Q3 2021 and is forecast to complete in Q4 2023.

The project aims to increase the electricity generation capacity using renewable sources to meet the growing demand for energy in the region.

4. Karara Wind Farm 103 MW – $183m

The project involves the construction of a 103MW wind farm on 36,000ha of land in Karara, Queensland, Australia.

Construction work commenced in Q3 2021 and is expected to be completed in Q4 2024.

The project aims to meet the growing demand for power in the region.

5. Golmud Dongtai Wind Farm 100MW – $156m

The project involves the construction of a 100MW wind farm project in Golmud, Dongtai, Qinghai, China.

Construction work started in Q3 2021 and is expected to be completed in Q4 2021.

The main aim of the project is to generate renewable electricity to meet current and future demand for power in the region.

Methodology: This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.

Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.

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  1. Market Data
November 8, 2021

Asia Pacific’s five largest wind energy construction projects that commenced in Q3 2021

By Carmen

Here are Asia Pacific’s five largest wind energy construction projects that were initiated in Q3 2021, according to GlobalData’s construction projects database.

Free Report
img

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.

1. Xiangyang 1 GW Wind Power And Photovoltaic Power Plant – $772m

The project involves the construction of a 1GW Wind Power And Photovoltaic power Plant in Xiangyang, Hubei, China.

Construction work started in Q3 2021 and is expected to be completed in Q4 2022.

The aim of the project is to meet the growing demand for electricity in China.

2. Dulacca Wind Farm 180 MW – $328m

The project involves the construction of a 180MW wind farm at Dulacca in Queensland, Australia.

Construction work commenced in Q3 2021 and is expected to finish in Q3 2023.

The project site is located approximately halfway between the small communities of Dulacca and Drillham in the Western Downs Region of Queensland.

3. Jiuquan Subei Mazongshan No.1 Area B Wind Farm 200MW – $190m

The project involves the construction of a 200MW wind farm in the Subei County of Jiuquan, Gansu, China.

Construction work started in Q3 2021 and is forecast to complete in Q4 2023.

The project aims to increase the electricity generation capacity using renewable sources to meet the growing demand for energy in the region.

4. Karara Wind Farm 103 MW – $183m

The project involves the construction of a 103MW wind farm on 36,000ha of land in Karara, Queensland, Australia.

Construction work commenced in Q3 2021 and is expected to be completed in Q4 2024.

The project aims to meet the growing demand for power in the region.

5. Golmud Dongtai Wind Farm 100MW – $156m

The project involves the construction of a 100MW wind farm project in Golmud, Dongtai, Qinghai, China.

Construction work started in Q3 2021 and is expected to be completed in Q4 2021.

The main aim of the project is to generate renewable electricity to meet current and future demand for power in the region.

Methodology:This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.

Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.

Related Companies

Free Report
img

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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