Corporate Net Zero pathways: Could the rise of a green power market explain China’s lowest offshore wind on grid bid price (0.302 CNY/kWh) in Shanghai?
A record bid price confounding industry experts Amid one of China’s most severe COVID lockdowns, the Shanghai Development and Reform Commission (DRC) announced the official winner of the Shanghai Jinshan Offshore Wind Phase 1 Project. The consortium composed of China Three Gorges, Shanghai Green Environmental Protection Energy Company, and CNOOC Rongfeng Energy, was awarded the …