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    Guangdong power market sees renewable capacity top 10 GW

    sxcoal.com Production & Sales 2024-02-07 08:55:45

    The scale of renewable power capacity participating in Guangdong's market trading has exceeded 10 GW for the first time, accounting for around 7% of total installed capacity in the southern Chinese province.

     

    Guangdong became the first region within China Southern Grid to trial renewable power trading in the spot market at the end of 2022. Renewables traded around 0.1 TWh on the market last year.

     

    From January, wind and solar farms with voltages of 220 kV and above in Guangdong began participating widely in spot market transactions.

     

    By end-2023, total grid-connected wind and centralized solar capacity in Guangdong had surpassed 30 GW, including plants below 220 kV.

     

    According to the province's carbon emission reduction plan, wind and solar capacity is slated to reach over 74 GW by 2030, when renewables will account for a much larger portion in the spot market.

     

    (Writing by Alex Guo  Editing by Riley Liang)
    For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

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