About 14th five-year plan for pumped hydropower storage
On June 1, 2022, the “14th Five-Year Plan for Renewable Energy Development” proposed to pilot the construction of flexible and decentralized small and medium-sized pumped storage power stations in the southern Middle East region of China to improve regional new energy consumption capacity.
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6 FAQs about [14th five-year plan for pumped hydropower storage]
How many pumped-storage hydropower stations will China have in 2025?
ZOU MING/FOR CHINA DAILY According to estimates from the China Renewable Energy Engineering Institute, with more than 200 pumped-storage hydropower stations to be installed during the 14th Five-Year Plan (2021-25) period, its total installed capacity will reach 62 million kW by 2025.
What pumped storage power stations ushered in a new peak?
During the “Twelfth Five-Year Plan” and “Thirteenth Five-Year Plan” periods, to adapt to the rapid development of new energy and UHV power grids, pumped storage power stations such as Fengning in Hebei Province and Jixi in Anhui Province ushered in a new peak.
How many pumped storage power stations did China approve?
The country approved 110 pumped storage power stations with a total installed capacity of 148.901 gigawatts, which is 2.8 times the capacity approved during the “13th Five-Year Plan” period. China has completed 70.90 % of the total capacity target of 210 gigawatts for key implementation projects during the “14th Five-Year Plan”.
Will pumped-storage hydroelectric industry enter a new stage of development?
Liu Changyi, deputy general manager of State Grid Xinyuan Co Ltd — a major pumped-storage hydroelectric company — said that the industry will enter a new stage of development and usher in great opportunities during the 14th Five-Year Plan period.
How much investment is required to build a pumped storage power station?
Analysis of the investment composition proportion of two pumped storage power stations in the Central China region. According to Table 6, the total investment required to construct a pumped storage power station is approximately 9 billion yuan. The static total investment of the project accounts for about 82 % of the total investment.
How much pumped storage capacity will be approved in 14th five-year plan?
During the 14th Five-Year Plan period, about 210 gigawatts of pumped storage capacity will be approved. Under the huge market demand, more and more survey and design units have entered the field of pumped storage, forming competitive pressure on traditional pumped storage design units. Statistical data of design units, as shown in Table 3. Table 3.
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