New Strategy: State Power Investment Boosts Asia's Carbon Neutral Progress
As the challenges posed by global climate change become increasingly severe, transitioning to a green, low-carbon future has become a shared vision and urgent mission for all of humanity. "Strive to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060." This is not only China's solemn commitment to the international community but also a far-reaching plan for its future development.
State Power Investment Corporation (SPIC), as the world's largest clean energy power generation company, is promoting green, low-carbon, and sustainable development in Asia and globally at an unprecedented speed and scale. It is reported that SPIC is the first energy company in China to possess all types of power generation, including photovoltaic, wind, nuclear, hydro, coal, gas, and biomass. After more than a decade of green and low-carbon transformation and development, SPIC has achieved a clean energy installation of over 170 million kilowatts, with a clean energy installation ratio exceeding 70%.
"Four Equilibria" - A New Chapter in Green Development
In July this year, SPIC further clarified its green development path by fully implementing the "Equilibrium Growth Strategy." The core of this strategy lies in the "Four Equilibria": balancing scale growth with investment capacity, balancing the development of traditional industries with innovative business models, balancing the optimization of power sources and regional layout, and balancing the quality improvement of existing assets with the optimization of new increments.
Advertisement
Under the guidance of the "Equilibrium Growth" strategy, SPIC is driving profound changes in the energy industry with innovative practices, contributing to the construction of a clean, safe, and efficient future energy system. At the recent 2024 Asian Green and Low-Carbon Development Roundtable Forum, SPIC shared its successful cases and experiences in promoting green and low-carbon transformation, demonstrating its leading role in green development in Asia and globally. These technological practices and promotions are concrete implementations of the "Equilibrium Growth" strategy, providing strong support for building a clean, low-carbon, safe, and efficient future energy system.
Technology Leads, Charting a New Pattern for Green Energy
In today's profound transformation of the global energy structure, technological innovation has become the core driving force for green transformation. In July this year, the Central Committee of the Communist Party of China and the State Council issued the "Opinions on Accelerating the Comprehensive Green Transformation of Economic and Social Development," which requires adhering to innovative transformation, strengthening technological innovation, policy and institutional innovation, and business model innovation that support green transformation, and promoting a green and low-carbon technological revolution. As a leading company in global clean energy power generation, SPIC has always placed technological innovation at the core of its development strategy, demonstrating its strong technological strength and innovative capabilities in various fields such as new energy base construction, distributed energy development, and offshore wind power expansion.
Under the leadership of SPIC, China's "Three North" regions - North China, Northeast China, and Northwest China, which are rich in wind and solar resources, are experiencing a green energy revolution. The large new energy bases developed by SPIC here, through ultra-high voltage transmission technology, transport this green electricity from afar to the central and eastern load centers, achieving efficient energy utilization and optimized allocation.
SPIC is also actively exploring the deep integration of distributed energy with industries such as industry and transportation, creating a new model of "Integrated Smart Zero-Carbon Power Plant," which has improved resource utilization efficiency and enhanced regional energy security. The "Energy Transition Transformer" award won by the Suzhou Integrated Smart Zero-Carbon Power Plant further highlights SPIC's outstanding achievements in green innovation practices.In the field of offshore wind power, the second phase of the U1 site of the Shandong Peninsula South Offshore Wind Power Base was successfully connected to the grid on October 26th, marking the full operation of China's largest parity offshore wind power project—the Shandong Peninsula South U site offshore wind power project. Located in the maritime area south of Rushan City, Shandong Province, the project has a total installed capacity of 900 megawatts and is constructed in two phases, with a total of 106 wind turbine units installed. Upon full production, it is expected to provide about 2.55 billion kilowatt-hours of clean electricity annually, equivalent to saving 829,000 tons of standard coal and reducing 2.299 million tons of carbon dioxide emissions. The smooth connection and operation of these projects further consolidate the leading position of the State Power Investment Corporation (SPIC) in the offshore wind power sector, making a positive contribution to promoting green and low-carbon transformation and injecting new vitality into the diversified development of the marine economy.
In addition, the successful development of the "Guohet No.1" nuclear power project by SPIC signifies a significant achievement for China in the field of nuclear power autonomy, contributing unique value to the construction of a clean and efficient future energy structure. The independent research and development of the "Guohet No.1" nuclear power project marks China's entry into a new stage of development in the field of third-generation nuclear power technology.
SPIC's strategy of leading with technology and developing both land and sea has expanded the breadth and depth of green energy development from different dimensions, optimizing the variety of power sources and regional layout. By balancing scale growth with investment capacity and optimizing the variety of power sources and regional layout, SPIC has formed a synergistic development across regions and industries, helping to accelerate China's green transformation process and contributing Chinese wisdom to global green development.
Win-win cooperation, building a community with a shared future for energy
On the 10th anniversary of the "four revolutions and one cooperation" new energy security strategy,
SPIC, guided by this strategy, has comprehensively carried out international energy cooperation and unswervingly promoted the high-quality development of the "Belt and Road" initiative.
From energy supply to clean energy, from project cooperation to technology sharing, from single projects to industrial chain construction, and to regional cooperation and win-win, SPIC works hand in hand with partners to jointly build a new industrial chain for green energy, promote the upgrading of the energy industry, and draw a new blueprint for green energy.
In the vast deserts of Saudi Arabia, the Red Sea Comprehensive Smart Energy Project, with a total investment of over 1.6 billion US dollars, is becoming the world's largest off-grid comprehensive smart energy and energy storage project. The project optimizes the entire chain of energy supply through the coordinated supply of various types of energy such as "photovoltaic + energy storage" power supply, seawater desalination, and sewage treatment.
On the southern grasslands of Kazakhstan, the Zhanatas Wind Power Project, with an annual power generation capacity of 350 million kilowatt-hours, provides stable power support for more than one million local households. The project not only alleviates power shortages but also saves 109,500 tons of standard coal annually, reduces the emission of various pollutants, and provides a demonstration for the "decarbonization" of Kazakhstan's energy system, becoming a new milestone in China-Kazakhstan production capacity cooperation. Kazakh Energy Ministry's Chief Expert of the Renewable Energy Development Department, Utemuratov Aiden, mentioned at the 2024 Asian Green Low-Carbon Development Roundtable Forum that Kazakhstan and China's efforts in green economic transformation have opened up new opportunities for the development of global renewable energy. Kazakhstan is actively negotiating cooperation with Chinese companies such as SPIC in the field of green energy.
On the tropical coastline of Bangladesh, the Cox's Bazar Wind Power Project, as the country's first centralized wind power project, has achieved a "zero" breakthrough in wind power construction and is hailed as a "model of China-Bangladesh energy cooperation." The project provides 145 million kilowatt-hours of green electricity annually, reducing coal consumption and carbon dioxide emissions, enhancing SPIC's global influence in the energy sector, and promoting international cooperation in the field of green development.The innovative projects that State Power Investment Corporation (SPIC) has successfully implemented not only inject vitality into the local economy but also contribute Chinese strength to the global transition towards green and low-carbon development.
People-to-people bonds reflect social responsibility in shared prosperity and symbiosis.
Since its inception, the "Belt and Road" initiative has become an important platform for promoting global economic integration and fostering regional cooperation. While SPIC leaves a green development footprint overseas, it also continuously supplies light and heat, building a bridge of mutual understanding among people.
In Turkey, SPIC's Hunutlu Power Plant stood firm as an unshakable pillar in the disaster area during the major earthquake in 2023. Despite being only 110 kilometers away from the epicenter, the power plant remained as stable as Mount Tai, ensuring the continuity of power supply and providing solid energy support for rescue operations in the disaster area.
In the northern frontier of Myanmar, the Xiaoqipei Hydropower Station, invested and constructed by SPIC, illuminates the night sky of northern Myanmar. The Xiaoqipei Hydropower Station not only ended the long history of electricity scarcity in the area but also brought continuous power supply to the local community through the innovative "photovoltaic + energy storage" model.
"Mutual understanding among people" has become an intangible business card for SPIC to lead green development in Asia. While promoting the transition to green energy, SPIC is also committed to improving the quality of life for local residents, achieving balanced growth between corporate development and social responsibility. As stated by Li Baoqing, General Manager of SPIC Group, "SPIC uses project construction as a bridge, closely integrating green energy cooperation with the promotion of cultural integration and mutual learning of civilizations, and continuously tells the world the touching story of Chinese enterprises and people from various countries jointly building the 'Belt and Road' and developing green energy."