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August 31, 2021

Zhangbei National Wind and Solar Energy Storage and Transmission Demonstration Project I – BESS, China

By Carmen

The Zhangbei National Wind and Solar Energy Storage and Transmission Demonstration Project I – BESS is a 6,000kW energy storage project located in Hebei, China.

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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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The electro-chemical battery energy storage project uses lithium-ion as its storage technology. The project was commissioned in 2011.

Description

The Zhangbei National Wind and Solar Energy Storage and Transmission Demonstration Project I – BESS is owned by State Grid Corporation of China (100%).

The key applications of the project are frequency regulation, ramping, renewables capacity firming and renewables energy time shift.

Contractors involved

BYD and State Grid Corporation of China have delivered the battery energy storage project.

Additional information

The Zhangbei National Wind and Solar Energy Storage and Transmission Demonstration Project will eventually grow to include 500 MW of installed wind capacity, 100 MW of installed solar PV capacity and 110 MW of energy storage with an overall investment of 12 billion RMB (1.89 billion USD).

Methodology

All publicly-announced energy storage projects included in this analysis are drawn from GlobalData’s Power IC. The information regarding the projects are sourced through secondary information sources such as country specific power players, company news and reports, statistical organisations, regulatory body, government planning reports and their publications and is further validated through primary from various stakeholders such as power utility companies, consultants, energy associations of respective countries, government bodies and professionals from leading players in 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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