Here are Asia Pacific’s five largest wind energy construction projects that were initiated in Q4 2021, according to GlobalData’s construction projects database.
1. Qingdao Shenyuanhai Offshore Wind Farm 2000 MW – $4,238m
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By GlobalDataThe project involves the construction of the 2,000MW Qingdao Shenyuanhai offshore wind farm in Qingdao, Shandong, China.
Construction work started in Q4 2021 and is expected to be completed in Q4 2024.
The project aims to increase the power generation capacity to meet the growing demand using renewable sources in the region.
2. Heng County 2.6GW Integrated Wind and Solar Storage Base – $2,002m
The project involves the construction of a wind and solar storage facilities in Hengzhou, Guangxi, China.
Construction work commenced in Q4 2021 and is expected to finish in Q4 2023.
The project aims to enhance power generation to meet the growing demand and provide power to households in the region.
3. Yulin Wind and Photovoltaic Power Base 1400 MW – $1,486m
The project involves the construction of a wind and photovoltaic power plant in Yulin, Shaanxi, China.
Construction work started in Q4 2021 and is forecast to complete in Q4 2023.
The aim of the project is to meet the growing demand for electricity in China.
4. Rye Park Wind Farm 396 MW – $515m
The project involves the construction of a 396MW wind farm in Sydney, New South Wales, Australia.
Construction work commenced in Q4 2021 and is expected to be completed in Q4 2024.
The main aim of the project is to enhance the production of electricity using renewable sources and is expected to generate enough power for 215,000 homes annually. The project is part of the Australian Government’s aim to generate 20% of power from renewable energy by 2020.
5. Harapaki Wind Farm 176.3 MW – $330m
The project involves the construction of a 176.3MW wind farm at Maungaharuru Range, Hawke’s Bay Region, New Zealand.
Construction work started in Q4 2021 and is expected to be completed in Q4 2024.
The project aims to enhance the renewable power generation capacity to meet the growing demand for electricity in the region.
Methodology:
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.