PVTIME – On December 28, the phase I of a 500MW fishery photovoltaic power generation project with the largest single contiguous scale in the Guangdong-Hong Kong-Macao Greater Bay Area was successfully connected to the grid.
The project is located in Haiyan Town, Gungdong Province, China. The project was jointly invested and constructed by Guangzhou Hengyun Enterprises Holding Ltd.(000531.SZ) and China Energy Engineering Group Guangzhou Electric Power Design Institute Co., Ltd., with a total investment of approximately 2.2 billion yuan. The total installed capacity of the project is 500MW (200MW Phase I), and it is expected to provide 543 million kilowatt-hours of clean electricity each year, meeting the annual electricity consumption of 110,000 households.
At present, the phase II 300MW is under construction and is expected to be put into operation in 2022. The project is expected to increase the local tax revenue by more than 1 billion yuan during the 25-year operation period.
The project will bring many benefits to Haiyan Town. It will greatly increase the proportion of renewable energy usage in the town. Upon completion, comparing with coal-fired power plants of the same scale, it can save about 193,000MT of standard coal and reduce about 534,000MT of carbon dioxide emission each year, which is equivalent to the carbon sink of about 75,000 mu of forest in the Greater Bay Area and equivalent to plant trees in 20% area of Haiyan Town.
The project achieves multiple uses in one place, which will not only increase land utilization and output value, but will also increase fishermen’s income. The multi-functional model of “photovoltaic power generation + fish farming + tourism + science education” will become a new sightseeing spot.
