Country for PR: China
Contributor: PR Newswire Asia (China)
Tuesday, July 28 2020 - 10:05
AsiaNet
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Shanghai Electric Shares China's Wind Power Market Outlook in talk with Bloomberg NEF
SHANGHAI, July 28, 2020 /PRNewswire-AsiaNet/ --

With China's first 8MW offshore wind 
turbine(https://en.prnasia.com/releases/apac/china-s-first-8mw-offshore-wind-tur
bine-installed-by-shanghai-electric-enters-full-load-operation-282704.shtml) 
featuring "black start" technology entered its service recently, Shanghai 
Electric (SHA:601727/HK:02727) had an opportunity with BloombergNEF to share 
its strategy and insights into China's wind power market, as well as the 
company's development in delivering the wind energy systems with higher 
reliability, robustness and stability for a more secure, sustainable and 
low-carbon economy in the future.

Photo - https://photos.prnasia.com/prnh/20200728/2867906-1-a
caption - China’s first 8MW offshore wind turbine featuring “black start” 
technology

The market of both offshore and onshore wind energy systems in China is 
welcoming "large capacity turbine units and digital 
transformation(https://en.prnasia.com/releases/apac/shanghai-electric-s-seuniclo
ud-platform-wins-world-s-first-industrial-intelligence-award-at-waic-2020-285743
.shtml)," and Shanghai Electric is "building a test and verification platform 
for 10 megawatt-plus offshore wind turbines and an integrated system for 
renewable energy," said Pengju Kang, chief digital officer and engineering 
general manager at Shanghai Electric Wind Power Group (SEWPG) in an interview 
with Bloomberg NEF.

Speaking of the significance of this landmark project during the interview, Mr. 
Kang said that Shanghai Electric is riding on the growing momentum of China's 
offshore turbine market, which is expected to see the grid-connected wind power 
surging to 26GW by the end of 2025, to accelerate R&D and deliver the 
world-leading renewable energy solutions.

"Currently, we are building a test and verification platform for 10 
megawatt-plus offshore wind turbines and exploring 5G and industrial internet 
of things to establish an integrated system for renewable energy combining 
wind, solar power and energy storage," said Pengju Kang.

"There will be a strong demand for floating units in the far-reaching and 
deep-sea market in China, as these areas account for more than 80% of total 
offshore wind resources. We are exploring how to break through technical 
challenges such as the lower limit of water depth for the application of 
floating turbines and the marine environment of far-reaching sea area and 
strong typhoons," he added.

SEWPG is also expending global footprints, with customized special units based 
on 2.5MW and 4MW product platforms for overseas onshore wind energy markets. 
The company is now developing models suitable for the 60Hz power grid overseas 
to meet the regional demand in countries such as Japan, the US and Canada.

As the global supply chains have closely integrated into China's wind power 
ecosystem, Shanghai Electric, a service provider in the whole lifecycle of wind 
power systems, has built strategic partnerships with international companies in 
almost every segment of the value chain including generators, gearboxes, 
bearings, digital tools and platforms for R&D and design.

Shanghai Electric has recorded the sharpest revenue increase from renewables in 
recent years, with a 51% year-on-year growth from 2018 to 2019, in contrast to 
only 8.4% from its thermal power during the same period. In late June, the 
company announced the plan for an initial public offering (IPO) of its wind 
power division Shanghai Electric Wind Power Group.   

Logo - https://photos.prnasia.com/prnh/20200424/2786026-1-LOGO

SOURCE: Shanghai Electric 
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