China's Mega Renewable Project: 11GW & Beyond

Nov 20, 2023 12:53 PM ET
  • China Energy Investment Corp. and China Longyuan Power Group Corp. are investing $416 million to build the world's second largest renewable energy project. This 11-gigawatt power plant in Gansu province will reduce emissions and provide back-up energy storage. Construction will begin soon after government approval.
China's Mega Renewable Project: 11GW & Beyond

China Energy Investment Corp. and its listed unit China Longyuan Power Group Corp. are investing a combined 3 billion yuan ($416 million) in a joint venture to build the Badain Jaran Renewable Energy Project in Gansu province, China. The project will have 11 gigawatts of clean energy capacity, along with backup energy storage and fossil fuel power plants. This project would be one of the largest renewable energy projects in the world, second only to the planned 20-gawatt Jiuquan wind base in Gansu province. The companies are awaiting government approval before beginning construction.

What Is the Cost of China's Largest Renewable Energy Project?

  • The Badain Jaran Renewable Energy Project is located in Gansu province, China.
  • The project will have a total capacity of 11 gigawatts of clean energy, with backup energy storage and fossil fuel power plants.
  • Upon completion, it will be the world's second largest renewable energy project behind the 20-gigawatt Jiuquan wind base in Gansu province.
  • China Energy Investment Corp. and China Longyuan Power Group Corp. are investing a combined 3 billion yuan ($416 million) in the joint venture.
  • The project will require government approval before construction can begin.
  • The project is expected to reduce China's carbon emissions by 30 million tons of carbon dioxide per year.
  • The project is also expected to provide power to approximately 10 million households.
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Source:
bloomberg.com

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