Hogan Lovell OffshoreBook 2023 230809 OnlinePDF - Flipbook - Page 52
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China
Shanghai branches of NDRC and MOF on
18 November 2022, offshore wind power
projects put into operation from 2022 to
2026 in far and deep sea areas or at least 50
kilometres from the shore are entitled to an
award of RMB 500/kW to be paid off in five
years, 20% per annum.
commencement of the construction of the
project. Some provinces, such as Guangdong Province, Jiangsu Province and Fujian
Province, allow the developer to apply to the
original Project Approval Authority to obtain
an extension of the date of commencement
of the construction.
2.4 Timeframe for the realisation
of the project
In accordance with the Offshore Wind Power
Measures and the Wind Power Interim Measures, before commencing the construction
of the project the developer must obtain the
project approval (Project Approval) from the
Local NEA and certain other permits specified in section 3 below. If the developer fails
to commence the construction of the project
within a specified time period set forth by the
local authorities after obtaining the Project
Approval, the Local NEA may revoke the Project Approval and the Local SOA may revoke
the Certificate of Use of Sea Areas (as defined
below).
The extension can only be granted once,
for a period of one year. Additionally, developers are required to make commitments
to the Local NEA regarding the timeline for
the commencement of the construction,
the completion of all the WTGs and all other
works related to the project, and the completion of the connection of the plant to the grid.
The Local NEA may re-examine the commitments made by the developers, and publish
information showing the extent to which
these commitments have been met.
For example, the Local SOA in Shenzhen specifies that it would revoke the Certificate of
Use of Sea Areas if the developer fails to commence construction for more than two years
after having obtained the Project Approval.
Jiangsu Province, in its Competitive Allocation Scheme for the year of 2021, requires the
developer to commence construction within
one year after obtaining the Project Approval,
otherwise the Project Approval would be
revoked by the Local NEA in Jiangsu Province.
The construction of the first wind turbine
generator (WTG) foundation marks the
Notably, the NDRC, the National Bureau of
Statistics of China and the NEA released
the Notification on Further Improving the
Work Related to the Exclusion of the New
Renewable Energy Consumption from Total
Energy Consumption Control on 15 August
2022, which appears to signal that in the near
future, all renewable energy power projects,
including offshore wind power projects may
benefit from the green electricity certificate
(GEC) scheme. Currently, the GECs are only
issued to electricity generators in onshore
wind power and centralised photovoltaic
projects as pilot schemes, allowing these
generators to sell the GECs to individuals or
companies to fulfil their ESG goals, or fulfil
certain renewable energy consumption
responsibilities.
