Huge Profits at Hyundai Heavy's China Turbine Plant
Hyundai Heavy Industries Co. is the world’s biggest shipyard, and has recently invested in the construction of a new wind turbine plant in China. The plant, located in Weihai in the eastern province of Shandong is set to open in October and is expected to generate $50 million in sales in its first year. By 2015, the plant is
Hyundai Heavy plans to use the factory to bid for work on a massive new offshore wind farm being planned off the coast of Shanghai. The plant will be capable of producing 300 2-megawatt turbines annually.
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“China is a market you can’t ignore,” says Kim Kweon Tae, head of Hyundai Heavy’s low-carbon energy business. “There will be a lot of competition but we plan to offer better quality and services.”
Hyundai Heavy is looking to raise clean energy sales to 4 trillion won ($3.8 billion) in 2016. This is a dramatic rise from the 600 billion won brought in by the company last year. The company is also looking to acquire solar power companies to boost its solar offerings.
“We are open to opportunities for takeovers in the solar energy business,” says Kim. “We have been approached, but we aren’t in a rush.”
The first turbines produced by the new plant in China will go to the development of a wind farm in Pakistan in a joint agreement between Korea Southern Power Co., Hyundai Engineering Co., Hyundai Corp., and Yunus Brothers of Pakistan. The wind farm will provide 50 megawatts of electricity to power 60,000 homes a year.
Sungrow links Europe's largest energy storage plant to grid
Europe's largest energy storage project, the 100MW/100MWh Minety plant featuring Sungrow's 1500V energy storage system solutions, has been successfully connected to the UK grid.
The UK experienced the most debilitating blackout in nearly a decade in August 2019. The incident exposed the serious lack of frequency regulation of the national grid and demonstrated that the construction of energy storage projects that can regulate the frequency of the grid in a timely fashion should be prioritised. The Minety project, which began at the end of 2019, considerably mitigates the problem and is designed for facilitating grid stability and maximising renewable energy utilisation.
Sungrow supplied both NCM and LFP battery energy storage system solutions featuring high integration, which minimise the footprint, slash the commissioning duration and significantly reduce the system cost by 5%. The solution well meets the latest UK frequency regulation requirement called dynamic containment - requesting the plant to respond to the power instruction of the grid within 1 second, making the project one of the rare 30% of the UK's storage plants equipped with this function.
"We are proud of being part of this landmark project, offering solutions with extreme efficiency and safety while in compliance with the stringent UK grid codes," said James Wu, Vice President of Sungrow, which shipped more than 800MWh of energy storage systems in 2020.
Battery storage capacity in the UK is likely to heavily increase as move towards operating a zero-carbon energy system. At the end of 2019 the GB battery storage capacity was 0.88GWh. National Grid forecasts it could be as high as 2.30GWh in 2025.
Global energy storage updates
TEVOCS has announced the launch of a powerful series of universal portable power stations that provide reliable power for off-grid situations, travel, home backup and more. With an impressive 2080WH capacity and 2000W output, the TEVOCS power station is billed as 'the ultimate power station for modern life' and is available here.
Enlight Renewable Energy has completed the acquisition of 90.1% of the holdings in Clēnera LLC, a leading and seasoned company in the field of initiation, development, construction and operation of solar energy and energy storage projects in the United States.
Last month Canadian Solar Inc. was awarded the first utility-scale battery storage project in Colombia of 45 MW/45 MWh. The project was awarded in the public tender launched by Colombia's Ministry of Energy and Mines, via its affiliate UPME, the Mining and Energy Planning Unit.