12.3 billion! Guangdong Hydropower plans to invest in a 2 million kilowatt integrated optical and storage project

The project configuration energy storage system capacity is 25% of the project’s installed capacity, and the energy storage time is 4 hours. The energy storage system is configured according to 500MW/2000MWh, consisting of 200 2.5MW/10MWh energy storage units. System equipment composition.

Data shows that Guangdong Hydropower is the leading enterprise in water conservancy construction and the main force in subway construction in Guangdong Province. It has undertaken the construction of Xinfengjiang Hydropower Station, Feilaixia Water Conservancy Project and other major water conservancy projects in the province.

Since 2003, Guangdong Hydropower has entered into the clean energy power generation business and has invested in the construction of hydropower, wind power, and photovoltaic power in Xinjiang, Guangdong, Hunan, Shandong, Gansu, Hainan, Gansu and other provinces and regions. Power generation projects.

According to Guangdong Hydropower’s 2021 annual report, its total installed capacity of clean energy projects that have been put into power generation is 1,542.38MW, including 263MW of hydropower, 673MW of wind power, and 606.38MW of photovoltaic power. Clean energy power generation has also become its second largest source of revenue, accounting for 11.77%.

After entering 2022, Guangdong Hydropower has accelerated the construction of clean energy power generation projects, including agricultural photovoltaic complementary, wind and solar complementary, etc. As of August 2022, the company has accumulated a total of clean energy projects that have been put into production for power generation. The installed capacity is 1802.38MW.

Among them, photovoltaic power generation increased significantly by 160MW to 766.38MW, and hydropower and wind power both increased by 50MW, to 313MW and 723MW respectively.

According to the plan, the construction period of Guangdong Hydropower’s 2 million kilowatt photovoltaic storage integration project in Bachu County is 20 months. By then, the installed capacity of Guangdong Hydropower’s photovoltaic power generation will be greatly increased, which will also promote cleanliness. The proportion of energy power generation revenue further increased.

In terms of investment return cycle, Guangdong Hydropower wrote in the announcement: The on-grid electricity price of this project is 0.262 yuan/kWh (tax included). When considering energy storage charging subsidies and discharge income, the financial internal rate of return of the project's total investment after income tax is 5.63%, the financial internal rate of return of capital is 8.88%, and the investment payback period is 13.88 years. The financial evaluation is feasible.

Compared with other clean energy power generation projects, the overall investment scale of integrated photovoltaic and storage power generation projects is relatively low, and its investment return cycle is short, attracting many state-owned enterprises.The attention of central enterprises.

A week ago, Guangdong Electric Power A, a listed company under the Guangdong Provincial Energy Group, also announced its investment in a 2 million kilowatt photovoltaic and storage integration project with a total investment of 12.9 billion yuan.