Subsidiaries of China’s state-run energy holding company China Energy Engineering Corp have commenced the construction of two major solar plants, to total 500MW in combined capacity.
China Energy’s Shanxi Electric Power Engineering has started building the two 250MW plants in Licheng and Pingsbun counties in Shanxi Province.
The development was filed on the Hong Kong Stock Exchange.
The group’s Jiangsu Electric Power Design Institute has also started construction of a 130.88/286.6 MWh grid side electrochemical storage system, claimed to be the largest in the country, although further details have been open to conjecture, in particular the storage technology to be used or the two-hour duration system.
China, alongside the US, will hold more than half of the global energy storage market by 2024, according to a recent report from Wood Mackenzie.
Are you interested in China’s renewables journey? You’ll be amazed at the heights they’re willing to go to, to secure a more sustainable future.
If you’re able to be in Kuala Lumpur, join us at Asian Utility Week, and discover the smart energy future for the continent.