Electricity market

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 …

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? Read More »

Corporate Net Zero Pathways: Zhejiang’s green electricity direct trading has exceeded 1 TWh in the first quarter of 2022

On March 17, Zhejiang’s provincial power exchange organized the third trading round of intra-provincial green electricity for 2022. With a total of over 1 TWh traded between power generators and power users/retailers, Zhejiang’s green electricity trading volume in the first three months is already twice that of last year’s total. The trading was exclusively organized …

Corporate Net Zero Pathways: Zhejiang’s green electricity direct trading has exceeded 1 TWh in the first quarter of 2022 Read More »

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CNOOC signed 100 GWh of green electricity PPAs

CNOOC Oil & Petrochemicals Co. Ltd., the refining arm of China National Offshore Oil Corp. (CNOOC) in Huizhou, Guangdong province, has signed green electricity PPAs (power purchase agreements) worth 100 GWh in 2022. This is by far the largest deal for green power for one single power user in Guangdong. The agreement is composed of 38 GWh …

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