Gan pumped hydropower storage winning bid announcement

Why is China building pumped-storage hydropower facilities?

China is building pumped-storage hydropower facilities to increase the flexibility of the power grid and accommodate growing wind and solar power. As of May 2023, China had 50 gigawatts (GW) of operational pumped-storage capacity, 30% of global capacity and more than any other country.

Where is China's pumped-hydro storage project located?

State Grid Corp. of China says it has finalized a pumped-hydro storage project consisting of four reversible pump-turbine generator units, each with a capacity of 350 MW. It is located near Xiamen, in China’s Fujian province.

Which pumped hydro project will win a government tender?

The winning pumped hydro project is the 800 megawatt (MW), 15 hour (11,900 MWh) Pheonix project next to Lake Burrendong, near Mudgee in the central west renewable energy zone. It is being developed by Philippine-controlled Acen Renewables, which is showing a dab hand at winning government tenders.

How big is China's pumped-storage capacity?

China’s pumped-storage capacity is set to increase even more, with 89 GW of capacity currently under construction. Developers are seeking governmental approvals, land rights, or financing for an additional 276 GW of pumped-storage projects, according to the data from Global Energy Monitor. Pumped storage is a type of energy storage.

Did pumped hydro storage fail?

Pumped hydro storage had failed in the state government’s two previous tenders, with contracts going out to just three eight-hour battery projects – at Limondale, Richmond Valley and Goulburn River – and the country’s first advanced compressed air storage project at a mine near Broken Hill. Indeed, pumped hydro has been a struggle.

Will pumped storage hydropower meet Irena's 420 gigawatt target by 2050?

A massive planned buildout of pumped storage hydropower (PSH) in Eastern Asia, driven by China, would allow this region to single-handedly meet the International Renewable Energy Agency’s (IRENA) 1.5°C Scenario target of 420 gigawatts of pumped storage worldwide by 2050, according to new data from Global Energy Monitor.