Beijing Jingneng injects $3.3b into 5GW renewable project: report
It is expected to begin operations in 2021.
State-owned utility Beijing Jingneng Power plans to invest $3.3b (CNY23b) in a 5GW project that will combine wind and solar power generation, hydrogen production and energy storage.
The project is planned in the northern Chinese region of Inner Mongolia, according to a local government report posted on Chinese media site The Paper.
Construction of the project is expected to begin this year, with operations starting in 2021. Upon completion, the plant will be able to produce 400,000 to 500,000 tonnes of hydrogen per year.
China has been testing out integrated projects that combine intermittent renewable power with storage as a means to improve efficiency and boost clean energy consumption.
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