Which project plan does the pumped storage investment belong to

Will pumped storage projects be accelerated during the 14th five-year plan?

On April 2, 2022, the National Development and Reform Commission and the Energy Administration jointly issued a notice to accelerate the development and construction of pumped storage projects during the 14th Five-Year Plan period.

What is pumped storage hydropower (PSH)?

Pumped Storage Hydropower (PSH) is the largest form of renewable energy storage, with nearly 200 GW installed capacity providing more than 90% of all long duration energy storage across the world with over 400 projects in operation. The guidance note delivers recommendations to reduce risks and enhance certainty in project development and delivery.

What is pumped storage hydropower?

Enabling new pumped storage hydropower: A guidance note for key decision makers to de-risk pumped storage investments Pumped Storage Hydropower (PSH) is the largest form of renewable energy storage, with nearly 200 GW installed capacity providing more than 90% of all long duration energy storage across the world with over 400 projects in operation.

How much does a pumped storage project cost?

Several pumped-storage projects are being devel-oped as part of integrated renewable energy parks, including two by Greenko: Pinnapuram (with the associated development of 400 MW of wind and 2000 MW of solar PV) and the 1260 MW Saundatti pumped storage project in the southwestern state of Karnataka, at an estimated overall cost of US$ 2 billion.

How much investment is required to build a pumped storage power station?

According to Table 6, the total investment required to construct a pumped storage power station is approximately 9 billion yuan. The static total investment of the project accounts for about 82 % of the total investment.

How many pumped storage projects have been approved in China?

From the approval situation: Since the “14th Five-Year Plan” in central China, a total of 25 pumped storage projects have been approved, with an approved installed capacity of 33.496 gigawatts, ranking the most in the geographical region of the country.