PR84924

SHANGHAI, July 28, 2020 /PRNewswire=KYODO JBN/ --

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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