The 6 GW capacity would make it the largest wind base in the world, at an estimated cost of RMB 42.5 bn ($6.2bn). So far, MidAmerican´s 2 GW Wind XI project held the top spot.
SPIC will develop the project on a zero-subsidy basis, i.e. in competition to coal power plants in the province which receive a price benchmark of 283 Yuan/MWh (41.3 $/MWh). This will be the standard approach for all large wind and solar farms in China from 2020 on.
State-owned conglomerate SPIC (State Power Investment Corp.) was only recently established through the merger of large power producer CPIC and nuclear giant SNPTC.
Read more on company strategies in the fossil and renewable industry in the next edition of our Global Energy Briefing (German and English version available)