Executive Viability Abstract
This feasibility study evaluates the development of a multi-gigawatt Solar-Wind Hybrid Power Park in China's Gobi Desert region. Leveraging the national 'Dual Carbon' strategy (2030 peak, 2060 neutrality), the project integrates Ultra-High Voltage (UHV) transmission infrastructure with large-scale energy storage. The study confirms high financial viability driven by decreasing LCOE, strong policy support, and growing demand for Green Electricity Certificates (GECs) among industrial consumers.
Return on Investment
14.8%
Payback Span
7.5 years
Net Present Value
$1.42 Billion USD
IRR Index
12.5%
## Project Overview
The project focuses on the 'Desert, Gobi, and Wilderness' base development strategy initiated by the National Development and Reform Commission (NDRC). By combining wind and solar, the facility achieves a more stable power output profile than standalone plants.
## Market Analysis
China is currently the world's largest renewable energy market. Demand is driven by aggressive decarbonization targets for state-owned enterprises and a burgeoning electric vehicle (EV) infrastructure. The transition from feed-in tariffs to market-based trading and GECs provides a diversified revenue stream. Market volatility is mitigated by long-term corporate PPAs and provincial grid priority.
## Technical Feasibility
1. **Complementarity**: Solar peaks during day-light hours while wind speeds in the Gobi often increase at night and during winter months, smoothing the generation curve.
2. **UHV Integration**: Utilization of 800kV/1100kV UHVDC lines to transport power from the west to high-demand eastern coastal provinces.
3. **Sand Fixation**: Integration of photovoltaic panels with desertification control (Agrivoltaics) to stabilize soil and create local micro-climates.
## Capex Summary
- **Solar PV (Bifacial)**: 45% of total investment.
- **Wind Turbines (6MW+ units)**: 30% of total investment.
- **BESS (Energy Storage)**: 15% of total investment (4h duration).
- **Grid Connection & Infrastructure**: 10%.
## Revenue Model
- **Grid Sales**: Competitive market bidding and benchmark pricing.
- **Green Electricity Certificates (GECs)**: Direct sale to corporate entities seeking carbon offsets.
- **Ancillary Services**: Providing frequency regulation via the BESS system to the provincial grid operator.