SPIC's Hubei 100MW/500MWh all-vanadium redox flow battery energy storage project started
Source: Yunshang Xiangyang Author: Plateau Time: 2021-08-31
On the morning of August 29th, the groundbreaking ceremony for the base project of SPIC Hubei Ludong Zhongvana New Energy Co., Ltd. and the 100MW/500MWh all-vanadium redox flow battery energy storage project was held in Xiangyang High-tech Zone.
It is understood that the company plans to invest 9.32 billion yuan in the high-tech zone. Among them, 4.32 billion yuan was invested to build a 100MW all-vanadium redox flow battery energy storage power station and a 500MW distributed rooftop photovoltaic installation project, and 5 billion yuan was invested to build a 1GW wind power photovoltaic power generation project. The 100MW all-vanadium redox flow battery energy storage power station project with an investment of 1.9 billion yuan, with a construction area of about 120 acres, is expected to achieve a total output value of 2.095 billion yuan and tax revenue of 52 million yuan after it is fully operational within five years.
Up to now, the 100MW all-vanadium redox flow battery energy storage power station and the 500MW distributed rooftop photovoltaic installation project have signed an agreement to enter the park with the high-tech zone, and the preliminary work such as project filing, exploration and feasibility study has been completed.