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China

State-owned enterprise dominates China's first offshore tender

CHINA: Subsidiaries of state-owned enterprises have won the public tender for China's first four offshore wind power concession projects, totaling 1GW, in east China's Jiangsu Province.

The Shanghai East Sea Bridge offshore wind farm, so far the largest pilot offshore wind farm project in the country, totalling 100MW
The Shanghai East Sea Bridge offshore wind farm, so far the largest pilot offshore wind farm project in the country, totalling 100MW

The results were announced by China’s National Development and Reform Commission on October 8 in Beijing. The winners are:

  • Datang New Energy, a subsidiary of Datang, which won the Binhai 300MW wind project. The project will use Sinovel turbines.
  • China Power Investment, a subsidiary of China Power Investment Corporation, wins the Sheyang 300MW wind project. The project will use Sinovel turbines.
  • Shandong Luneng Group, a subsidiary of State Grid, wins the Dongtai 200MW inter-tidal wind project. The project will use Shanghai Electric turbines.
  • Longyuan, a subsidiary of Guodian, wins the Dafeng 200MW inter-tidal wind project. The project will use Goldwind turbines.

China Power Investment Corporation (CPIC) offered the lowest bidding price of CHY0.6101/kW for two projects.

The bid winning prices are CHY0.7370/kWh for Binhai wind farm, CHY0.7047/kWh for Sheyang wind farm, CHY0.6235/kWh for Dongtai wind farm and CHY0.6396/kWh for Dafeng wind farm.

As these prices approach the benchmark for inland wind farms, industry experts largely believe the winning company will lose money on the offshore projects.

Offshore wind development in China is still in its early stages. This is largely due to complex operating environments and construction difficulties. For example, the Chinese coast is regularly ravaged by typhoons.

The present public tender for the first concessions for offshore wind farms was launched to accumulate technology and management expertise for larger-scale offshore wind power projects in the future, according to officials from China's National Energy Bureau.

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