1.Accelerating Energy Transition
After the project is put into operation, the new energy consumption rate in Ulanqab has increased to 95%, reducing annual curtailed wind power by over 120 million kilowatt-hours, equivalent to cutting carbon dioxide emissions by 100,000 tons. The Energy Storage System (ESS) effectively mitigates wind power fluctuations, raising the green power penetration rate in the industrial park to over 80%, supporting Inner Mongolia in achieving its “dual-carbon” goals.
2.Significant Economic Benefits
Through peak-valley arbitrage and ancillary service revenues, the ESS generates an annual income of 32 million RMB. The project’s overall payback period is shortened to 7 years, with an internal rate of return (IRR) reaching 8.5%.
3.Industry Demonstration Effect
As the world’s first 100-megawatt-level “source-grid-load-storage integration” industrial park project, its successful model has been replicated in international projects such as the Magat ESS expansion in the Philippines, showcasing CEEC’s global competitiveness in the ESS sector.
Date
2024
Client
Ulanqab
Category
PV & Wind ESS Projects
Location
Neimenggu
