Renewable Energy Projects Update in China: Wind-Solar-Hydrogen vs Residential Solar
Key Ideas
  • Longi Green Energy obtains regulatory approval for a 1.05 GW wind-solar-hydrogen project in Inner Mongolia, aiming to produce 54,000 tons of green hydrogen annually for biomass processing.
  • Jolywood Technology delays its 7.2 GW residential solar project due to adverse market conditions, putting the plan on hold for now.
  • Aiko Solar partners with Shantie Green Energy Technology to develop a 1 GW renewable energy project in Shandong province within the next one to two years, leveraging Aiko's n-type ABC series modules.
  • The industry showcases a mix of challenges and opportunities, from project delays to strategic cooperation agreements, reflecting the evolving landscape of renewable energy in China.
Longi Green Energy has received regulatory approval for a significant renewable energy project in Wulate Rear Banner, Inner Mongolia. The project, valued at approximately $975.7 million, aims to develop 1.05 GW of renewable energy capacity, consisting of 850 MW of wind energy, 200 MW of solar energy, and 157.5 MW/315 MWh of energy storage. Additionally, the project is set to produce 54,000 tons of green hydrogen annually for a biomass processing facility, with construction scheduled to commence in 2025 and operations expected to start in 2026. On the other hand, Jolywood Technology has faced challenges in the residential solar market due to unfavorable market conditions. The company has decided to postpone its ambitious residential solar development agreement with Shanghai Yuan Ye New Energy, which aimed to achieve 7.2 GW of total installed capacity within five years. This delay highlights the impact of market dynamics on renewable energy projects. In a separate development, Aiko Solar and Shantie Green Energy Technology have entered into a strategic cooperation agreement to work on a 1 GW renewable energy project in Shandong province over the next one to two years. This collaboration will leverage Aiko's n-type ABC series modules, showcasing a commitment to expanding renewable energy capacity in the region. Overall, the updates in the renewable energy sector in China portray a mix of progress and challenges. While some projects receive regulatory approval and secure investments for innovative ventures like wind-solar-hydrogen integration, others face setbacks due to market conditions. The industry's response to these dynamics includes strategic partnerships and agreements, reflecting the ongoing evolution of renewable energy technologies and practices.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.