On March 25, Guangdong Electric Power Development Co.Ltd(000539) announced that it planned to invest 2.227 billion yuan to build a 400000 kilowatt hour volt power generation project in Xinjiang.
Under the background of “double carbon”, the development and construction of wind power and photovoltaic power generation once again ushered in a huge tuyere. Since last year, Guangdong electric power has accelerated the expansion of wind power generation projects across the country, with an investment scale of tens of billions of yuan.
new energy layout enters Xinjiang for the first time
According to the announcement, in order to further optimize the power supply structure and improve the proportion of clean energy, the board of directors of Guangdong electric power agreed to wholly establish tumushuk Yuedian Hanhai new energy Co., Ltd. and planned to invest in the 400000 kW photovoltaic power generation project in tumushuk City, the third division of Xinjiang Production and Construction Corps, with a total investment of 2.227 billion yuan.
It is reported that the project covers an area of about 12200 mu, and will also build an energy storage system. According to the feasibility study report, the project site is rich in Cecep Solar Energy Co.Ltd(000591) resources, and the estimated average annual utilization hours is 1572 hours. The overall investment is economically feasible.
The announcement said that the project is the first stop for the company to implement the strategic deployment of the great development of new energy in the 14th five year plan, explore the market in areas rich in new energy resources in Northwest China, and layout new energy in Xinjiang. It is conducive to promoting the company to further expand the power service area, complement and integrate the development of multiple energy in Xinjiang, and help the company’s transformation and upgrading of clean and low-carbon energy.
60 billion yuan new energy power generation project
Recently, the national development and Reform Commission and the National Energy Administration jointly issued the “14th five year plan” for modern energy system. New energy has become a key link in the modern energy system.
As early as last year, Guangdong electric power has begun to make full efforts in the field of new energy, and the investment and development speed of photovoltaic and wind power projects has increased significantly. According to incomplete statistics, since last year, the company has accelerated the layout of wind power and photovoltaic power generation projects in Tumushuke City, Xinjiang, Yangjiang City, Guangdong, Gangcha County, Qinghai, Dafang County, Guizhou and Huangnan Prefecture, Qinghai, with a cumulative investment of more than 60 billion yuan.
At the same time, the company’s new energy installed capacity also continued to increase. In 2021, a total of 1.3652 million kw of new energy installed capacity was added, including 1.035 million kw of offshore wind power, 357700 kW of onshore wind power and 4000 kW of photovoltaic power generation. By the end of 2021, Guangdong electric power had a total installed capacity of 1.9744 million kw of wind power, photovoltaic and other new energy, including 1.2155 million kw of offshore wind power, 768900 kW of onshore wind power and 4000 kW of photovoltaic power generation.
“14th five year plan” new new new energy installed capacity 14gw
Insiders said that China’s thermal power generation has accounted for about 70% of the national power generation for a long time. Under the background of the state vigorously promoting the “double carbon” development and the sharp rise in coal prices, the transformation of traditional thermal power enterprises is imminent.
According to the data, as the largest listed power company in Guangdong Province, the net profit of Guangdong power in 2019 and 2020 was 1.147 billion yuan and 1.746 billion yuan respectively, with a year-on-year increase of 141.70% and 52.28% respectively. However, due to the soaring coal price, the company expects the net profit to shrink sharply year-on-year in 2021, with a maximum loss of 3.5 billion yuan.
According to the data, the main business of Guangdong electric power is still thermal power generation, the fuel cost accounts for a large proportion of the operating cost, and the price fluctuation of coal and natural gas has a great impact on the company’s performance. In this situation, accelerating the transformation of new energy has become the top priority of the company’s “14th five year plan” development plan.
According to the plan, during the 14th Five Year Plan period, Guangdong electric power plans to add 14 million kw of new energy installed capacity, including about 7 million kw of wind power (including about 2.8 million kw of offshore wind power) and about 7 million kw of photovoltaic power.
According to the data, at present, the project scale of Guangdong electric power new energy has been approved or filed is about 5 million KW, and the nuclear preparation case is about 4.5 million KW. In addition, the company is speeding up the resource acquisition, development and construction of offshore wind power projects, promoting the integrated development of “wind and fire hydrogen storage” and “source network load storage”, and developing new energy projects in Guangdong Province. At the same time, the company also actively explored the development space of new energy in other provinces and regions of China, strengthened the development of new energy in Xinjiang, Qinghai, Guizhou and other regions, and made every effort to promote the leapfrog development of new energy.
