Hogan Lovell OffshoreBook 2023 230809 OnlinePDF - Flipbook - Page 57
Offshore Wind Worldwide 2023
The price could be more attractive if China
resolves to implement a scheme similar to
the Contracts for Difference scheme that is
currently used in the UK, whose implementation in China is being discussed among
practitioners and regulators in the offshore
wind power industry.
On 13 November 2019, the local counterpart of NDRC of Wenzhou, Zhejiang Province announced that the Bid Tariffs for
five offshore wind power projects awarded
under the Competitive Allocation Scheme
were RMB 0.785/kWh, RMB 0.785/kWh, RMB
0.770/kWh, RMB 0.770/kWh and RMB 0.770/
kWh respectively. On the same day, the local
counterpart of NEA of Ningbo, Zhejiang
Province, announced that the Bid Tariffs for
two offshore wind power projects awarded
under the Competitive Allocation Scheme were RMB 0.760/kWh and RMB 0.765/
kWh respectively. On 25 December 2019,
the local counterpart of NEA in Shandong
Province announced that the Bid Tariffs for
four offshore wind power projects awarded
under the Competitive Allocation Scheme
was RMB 0.790/kWh, which is quite close to
the Guiding Wind Power Tariff of RMB 0.8/
kWh for near-shore wind power projects
57
approved in 2019 as provided in the Circular
on Improving the On-grid Price Policy for
Wind Power, issued by the NDRC on 21 May
2019.17
On 24 November 2020, the Local NDRC in
Shanghai Municipality announced that the
Bid Tariff for the offshore wind power project at Donghai Bridge awarded under the
Competitive Allocation Scheme was RMB
0.727/kWh and the Guiding Wind Power
Tariff for near-shore wind power projects
approved in 2020 is RMB 0.75/kWh as provided in the Circular on Improving the On-grid
Price Policy for Wind Power, issued by the
NDRC on 21 May 2019.
As discussed in section 2.3 above, since
2022, central governmental subsidies are
not applicable to newly installed offshore
wind power projects. An increasing number
of local governments started to provide
subsidies for projects within their respective
sea areas, which led to a decreasing Bid Tariff
for offshore wind power projects. On 2 April
2022, the local NDRC in Shanghai Municipality announced that the Bid Tariff for
the Shanghai Jinshan offshore wind power
phase I project awarded under Competitive
17 "The Results of 2019 Competitive Allocation for Offshore Wind Power Projects by Wenzhou Development and Reform Commission", published by
Wenzhou Development and Reform Commission on 13 October 2019
(http://wzfgw.wenzhou.gov.cn/art/2019/11/13/art_1229203933_2091484.html);
"The Results of 2019 Competitive Allocation for Offshore Wind Power by Ningbo Energy Administration", published by Ningbo Development and Reform
Commission on 28 August 2019; (http://fgw.ningbo.gov.cn/art/2019/11/13/art_1229019928_43966199.html);
"The Results of 2019 Competitive Allocation for Offshore Wind Power Projects by Shandong Province", published by Shandong Energy Administration on 25
December 2019 (http://www.chinawindnews.com/10476.html);
"The Results of Competitive Allocation for Donghai Bridge Offshore Wind Power Projects", published by Shanghai Development and Reform Commission on
24 December 2020 (http://fgw.sh.gov.cn/zgjjl/20201126/e5850c3c6df647f4ad24628404a0311e.html);
"The Disclosure of 2020 Competitive Allocation for Fujian Offshore Wind Power Projects by Fujian Development and Reform Commission", published by
Fujian Development and Reform Commission on 24 December 2020 (https://baijiahao.baidu.com/s?id=1686953746133580346&wfr=spider&for=pc);
"The Results of 2020 Competitive Allocation for Fujian Offshore Wind Power Projects", published by Fujian Development and Reform Commission on 8
January 2021 (http://news.bjx.com.cn/html/20210108/1128289.shtml); and
"The Results of 2021 Competitive Allocation for Jiangsu Offshore Wind Power Projects", published by Jiangsu Development and Reform Commission on 1
January 2022 (https://www.ne21.com/news/show-167585.html).
