Shandong Provincial Energy Administration has invited bids to develop ten offshore solar photovoltaic (PV) sites with a total installed capacity of 11.25 GW.
The projects will be developed in Binzhou, Dongying, Weifang, Yantai, Weihai, Qingdao, and other regions near the coast of Shandong province.
The last date to submit the bids is June 1, 2022.
The pile-based fixed offshore solar projects in Shandong will be allocated through market competition.
According to Shandong province’s overall offshore solar capacity deployment, the installations will adhere to the unified planning and layout at the provincial level, allocation of resources, and development and construction.
Bidders must be registered in China with independent legal person status and capable of integrating the investment, construction, and operation of offshore new energy projects or surface PV projects.
In the past three years, bidders should not have been involved in any major production safety accident in the field of new energy. They should have a sound safety management system and a good production safety record.
Group companies or subsidiaries that the group has authorized can participate in the competitive bidding process as a declaration enterprise, and investment entities authorized by the group in the form of individual declarations or consortia. For the declaration of a consortium, it is necessary to clarify the shareholding ratio, ensure that one party holds more than 50% of the shares, and submit a consortium agreement.
In the last financial year, bidders’ total assets should be 15 billion yuan (~$2.22 billion) and above, and the net assets should be 3 billion yuan (~$444.21 million) and above. If a consortium is declared, the total assets and net assets will be calculated according to the shareholding ratio of each party.
China added 55 GW of solar capacity in 2021, and module exports surpassed 100 GW, despite the COVID-19 pandemic and supply chain issues. The cumulative solar installations at the end of 2021 stood at 306 GW, with 35% made up of distributed systems. Wind accounted for nearly 8% of the installations and solar for 12.9%.
Rakesh Ranjan is a staff reporter at Mercom India. Prior to joining Mercom, he worked in many roles as a business correspondent, assistant editor, senior content writer, and sub-editor with bcfocus.com, CIOReview/Silicon India, Verbinden Communication, and Bangalore Bias. Rakesh holds a Bachelor’s degree in English from Indira Gandhi National Open University (IGNOU). More articles from Rakesh Ranjan.