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Energy China plans $3.6 billion investment in integrated energy project in Inner Mongolia

  • 1 year, 7 months ago (2020-12-21)
  • David Flin
Asia 730 Solar 173 Storage 25 Wind 191

China Energy Engineering Group (Energy China) has signed a framework agreement with Erdos city government in Inner Mongolia to set up and integrated energy base involving an investment of $3.63 billion. The project will add 1 GW wind power generation capacity and 5 GW solar capacity, in addition to the already planned 8 GW coal-fired power plant capacity. Energy China also plans to build electric storage facilities alongside the generation capacity, although no further details on the planned storage facilities have yet been released.

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SASAC , the State-Owned Assets Supervision and Administration Commission of the State Council, said in a statement: “Once launched, the integrated energy project will generate around 33 TWh electricity each year, of which more than 41 per cent will be generated from renewable sources.”

China is encouraging energy companies and local government to add power storage facilities when building new solar and wind power projects. This is in order to improve the stability and flexibility of the power grid.

Chinese President Xi Jinping said at a UN summit earlier this month that China will boost its installed capacity of wind and solar power to over 1200 GW by 2030 and increase the share of non-fossil fuels in primary energy consumption to around 25 per cent over the same period.