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Oil majors expand wind power campaign

Abstract : China's major oil and gas companies are stepping up efforts to develop wind power, as the focus on renewables gains traction amid ongoing efforts to achieve peak carbon dioxide emissions by 2030.

China’s major oil and gas companies are stepping up efforts to
develop wind power, as the focus on renewables gains traction amid
ongoing efforts to achieve peak carbon dioxide emissions by 2030.

China Petrochemical Corp, also known as Sinopec, recently started its
first wind power project to further expand its clean energy footprint.

Located in Shanxi province, the 20-megawatt distributed wind power
project, including eight wind turbines with on-grid power reaching 42.87
million kilowatts every year, is in accordance with the company’s plan
to further explore the new energy sector, with a focus on wind, solar,
geothermal and hydrogen power.

It will reduce standard coal consumption by up to 13,200 metric tons
and substantially reduce emissions of carbon dioxide and dust, the
company said.

Compared with big wind farms, where power originates from remote
commercial wind farms and is transmitted to load centers over long
transmission lines, distributed wind power is generated close to the
consumption center and used on-site or in the local distribution system
to meet energy demands. It is flexible and can produce clean power for
homes, farms, businesses and other locations.

In addition to Sinopec, China National Petroleum Corp, the country’s
largest oil and gas producer by annual output, has also entered the wind
energy sector with a plant in Shandong, while China National Offshore
Oil Corp, China’s largest producer of offshore oil and gas, has outlined
plans to spend 3 percent to 5 percent of its annual budget on the
offshore wind power sector after its first offshore wind power project
was connected to the grid and began generating power recently.

Located off the coast of Jiangsu province, the project, with a total
installed capacity of 300 MW, is scheduled to fully come into on-grid
production by the end of this year, and its annual on-grid power
generation is expected to reach approximately 860 million kWh by then,
said the offshore oil and gas specialist.

Chinese energy giants’ lackluster performances during the first six
months of the year have also quickened their efforts to tap the
renewables sector.

BP Energy Outlook 2020 forecasts that strong growth of the renewable
power sector will be a key driver of energy transition in China, which
is also expected to remain the world’s largest primary energy consumer
despite slowing demand growth.

According to the renewable energy generation data in 2019 released by
the National Energy Administration, hydropower, solar power, wind power
and biomass account for 63.73 percent, 19.89 percent, 10.10 percent and
5.45 percent of the total, up 5.7 percent, 10.9 percent, 26.3 percent
and 20.4 percent on a yearly basis, respectively. Wind power saw the
fastest growth among all sectors.

Analysts said the wind power focus of the oil giants reiterates their
ambitions in advancing energy transformation and implementing the green
and low-carbon strategy.

Such efforts are also in accordance with government efforts to
promote renewable energy, as progress toward using more clean energy has
been accelerating over the past few years in the country, said Wang
Ziyue, an analyst at research firm BloombergNEF.

Peng Peng, secretary-general of the China New Energy Investment and
Financing Alliance, an industry group, said after 15 years of rapid
development of wind power, most of the regions suitable for turbine
installation are already been developed, with as much as 80 percent of
the good quality projects being operated by State-owned power companies.

(Source: China Daily)

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Source: Oil majors expand wind power campaign

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