In China, the construction of a photovoltaic power plant has started, which, once commissioned, should be the largest of its kind in the world. Behind the investment is the third largest energy company in China, which announced last year that it would end some of its coal-fired power plants within a few years, replacing them with a generation based on renewable energy sources.
The Chinese energy concern China Huadian Corporation has so far relied on generating energy in thermal power plants. According to Reuters, in 2019 the fleet of his power plants totaled 153 GW, of which 108 GW were coal and gas fired sources.
Last year, the management of the Chinese company announced that by 2025 it will shut down coal-fired units with a capacity of over 3 GW, replacing them with a generation based on renewable sources.
China Huadian Corporation plans to build wind and solar farms with a total capacity of 75 GW by 2025. As a result, the share of the power of non-fossil fuel sources in the Chinese company’s mix is expected to increase to 50%, and in the middle of this decade Huadian is expected to peak in CO2 emissions and then only to decline.
In this way, the Chinese company is to fit into China’s strategy of achieving peak carbon dioxide emissions by 2030.
A key investment in the transformation of the China Huadian Corporation’s business is the project of a large-scale photovoltaic power plant with a target capacity of 3.3 GW, which is to be built in Sichuan Province in southwest China. The area where the photovoltaic panels will be installed is to retain functions related to agriculture and animal husbandry.
According to PV Magazine, the total cost of this project is expected to reach 16 billion yuan, or approximately $ 2.51 billion.
The solar power plant, which is being built by China Huadian Corporation, should be the largest of its kind in the world when it is commissioned. For now, the largest is another PV plant which is located in China and which was put into operation in 2020 in Qinghai Province. Its capacity is 2.2 GW, which consists of about 7 million photovoltaic panels. The state-owned concern Huanghe Hydropower was responsible for the implementation of this investment.
The PV power plant launched in Qinghai province in terms of capacity surpassed the previous leader – a photovoltaic park with a capacity of 2.05 GW, launched earlier in 2020 in the Indian state of Karnataka.
The Sichuan investment has been included in the Beijing government’s five-year investment plan – alongside 8 other solar PV projects.
At the end of 2020, the total capacity of photovoltaic power plants in China was 253.4 GW, increasing almost 6-fold since 2015. In the first 9 months of 2021, PV power plants with a capacity of almost 30 GW were built in China.
According to the plan of the Chinese authorities, by 2030 the capacity of solar and wind farms in the Middle Kingdom is to increase to 1.2 TW, which means that in the current decade, about 665 GW of new capacity must be generated.
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