FEBRUARY 25, 2022
State Grid Corporation of China (SGCC) Chairman Xin Baoan said Wednesday in a commentary published in the state-owned
People’s Daily that SGCC aims to have 100GW of battery storage by 2030, up from 3GW today. This is a very ambitious goal, given that BloombergNEF forecasts that all of China will have about 96GW of battery storage by 2030.
Under a five-year plan released this week, China is aiming to slash battery storage costs by around 30% by 2025, paving the way for local industries to dominate the global market by 2030. In addition, the fifteenth five-year plan drafted by the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) gives special attention to compressed air storage and envisages that this technology will realize engineering applications in units of 100MW of capacity.
But SGCC's plans don't end only with battery storage, the grid operator is also planning to increase its pumped storage capacity from the current 26.3GW to 100GW by 2030. This builds on its announcement in January when it said it had commissioned the world’s largest pumped-hydro facility. Located in Hebei province, the
3.6GW Fengning Pumped Storage Power Station consists of 12 reversible pump generating sets with a capacity of 300MW each and has a power generation capacity from storage of 6.612 billion kWh. To put SGCC's plans into perspective, China is targeting 120GW of operational pumped-hydro facilities by 2030, according to the NEA.
FEBRUARY 25, 2022
Wuxi-based monocrystalline silicon products manufacturer Wuxi Shangji Automation Co Ltd. announced it plans to invest RMB11.8 billion ($1.67 billion) in expanding its manufacturing capacity for polysilicon by 100,000 MT and its capacity for silicon metal by another 150,000 MT. The new production site will be located in Baotou, Inner Mongolia. The plan will be implemented in two phases. At the end of 2021, Shangji Automation had a monocrystalline wafer capacity of 30 GW. Besides this investment, Shangji jointly invested in granular silicon production with GCL-Poly with a capacity of 300,000 MT, with Shangji taking a 35% share in that project.
Wang Bohua, chairman of the China Photovoltaic Industry Association (CPIA), said that the Chinese PV market may grow by between 75 and 90 GW this year, with a significant increase of 36.7% to 64% over 2021. According to Wang, China will install between 83 and 99 GW on average from 2022 to 2025. He also stated that the Chinese polysilicon industry produced 505,000 metric tons of raw material last year, up 28.8% from the previous year. China also manufactured last year 227 GW of wafers (up 40.7%), 198 GW of solar cells (up 46.9%), and 189 GW of modules, up 46.1%
global.chinadaily.com.cn
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