[Harbin Electric Wind Energy signed a contract with Inner Mongolia Alashan League]On the morning of November 18, 2022, Hadian Wind Energy Co., Ltd. and the Alashan League Administrative Office of Inner Mongolia held the signing ceremony of the cooperation agreement. The two sides will work together to introduce clean energy industry ecology, establish new energy industry clusters, build wind power industry bases and invest in the development of wind power photovoltaic projects. In order to promote green low-carbon transformation of the regional economy and high-quality leapfrog development, they will actively implement the 30.60 national new energy strategy. Editor/Zhao E
The latest simulation study shows that the Australian national electricity market can achieve nearly 100% renewable energy supply with only 24 gigawatts/120 gigawatt hours of energy storage, of which renewable energy accounts for 98.5% and the remaining 1.5% is supplemented by other energy sources. This simulation is based on actual electricity data since August 2021, scaling wind and photovoltaic power generation to 60% and 45% of annual demand, respectively, and utilizing existing hydropower synergy balance. The estimated power supply cost is $126 per megawatt hour, which is equivalent to the wholesale electricity price level in the past five years.Editor/Yang Meiling
In 2025, the EU will add 27.1 gigawatt hours of battery energy storage capacity, a year-on-year increase of 45%, setting a historical record. Since 2021, the total scale of energy storage in the European Union has surged from 7.8 gigawatt hours to 77.3 gigawatt hours, an increase of nearly tenfold. The report points out that public utility scale projects have become the main force, accounting for 55% of the annual new installed capacity, indicating a significant shift in market structure. To meet the energy flexibility needs by 2030, the EU needs to increase its energy storage capacity tenfold to approximately 750 gigawatt hours to support large-scale integration of renewable energy.Editor/Yang Meiling