The pace of large-scale development of renewable energy in China is accelerating
Author : PCEC
16 February 2022
The China Renewable Energy Scale Development Project (CRESP) announced new results earlier this month from Phase II of its project. According to estimates, through the implementation of the CRESP Phase II Project, the annual wind power generation can increase by 1,024 GWh, replace 3 million tons of standard coal consumption, and reduce carbon dioxide emissions by 9.16 million tons.
Image: China National Energy Administration
The CRESP Phase II project is an international cooperation project jointly implemented by the China National Energy Administration, the World Bank (WB) and the Global Environment Facility (GEF). The project promotes the scale and sustainable development of renewable energy in China by reducing costs and improving efficiency.
The project was initiated in 2014 and completed in 2021, using a total of $27.28 million in GEF grants. The project supports a total of 146 activities in five categories: renewable energy policy research, grid-connected consumption, technological progress, pilot demonstration, and capacity building. During the implementation of the project, the cost difference between China's coal power and wind power was reduced to 1.1 cents/kWh, and the cost difference between coal power and photovoltaic power generation was reduced to 4.3 cents/kWh.
Phase II of CRESP mainly supports research into the optimisation of planning and layout of large-scale onshore wind power bases, research on the coordinated operation mechanism of the Hami energy base, and research into coordinated development planning of new energy and power grids in the northwest region. Among them, the research results of planning and layout optimisation of large-scale onshore wind power bases have been applied to the construction of wind power bases in Inner Mongolia and Qinghai.
The project also focuses on promoting the advancement of renewable energy technology, especially in offshore wind power. The project systematically supports the basic work to promote the development of the offshore wind power industry.
Contact Details and Archive...