China Petroleum & Chemical Corporation (Sinopec) has launched its first hydrogen demonstration project in Inner Mongolia, called the Inner Mongolia Erdos Wind-Solar Green Hydrogen Project.
The project aims to produce green hydrogen using solar and wind energy resources in the Erdos region, with a projected annual production capacity of 30,000 tons of green hydrogen and 240,000 tons of green oxygen. The facility will cover wind and photovoltaic power generation, power transmission and transformation, hydrogen production by water electrolysis, hydrogen storage, and transport, with an investment of CNY5.7 billion (US$828.04 million).
The project has achieved several technological breakthroughs, including hydrogen production under renewable fluctuating power conditions. By leveraging advanced clean energy production technologies such as wind, power, and hydrogen production by water electrolysis, Sinopec has been able to reduce hydrogen production costs, improve system efficiency, and guarantee safety and reliability. The installed power-generating capacity of wind and PV power will reach 450 MW and 270 MW respectively, while the hydrogen production by water electrolysis will achieve a capacity of 30,000 tons annually, and the hydrogen storage capacity will reach 288,000 standard m3.
Three Gorges New Energy has started the construction on a 16 GW solar-plus-storage project in Inner Mongolia's Kubuqi Desert.
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United Green Group (UGG) and Tucher Group GmbH have secured a US$31.6 million syndicated loan from the European Bank for Reconstruction and Development (EBRD), Triodos Investment Management and FMO for the construction of the largest solar plant in Mongolia.
Read moreMPC Renewable Energies, a subsidiary of international investment manager MPC Capital AG, along with the project developer Ferrostaal, the Danish Climate Investment Fund (DCIF) and other project partners, has achieved financial closing for the Sainshand 55 MW onshore windpark in Mongolia, for US$120 million.
Read moreThe 55-MW Sainshand wind farm in Mongolia, the third privately financed wind farm in the country, will receive a US$ 120 million project financing package from a group of international investors and financiers.
Read moreThe European Bank for Reconstruction and Development (EBRD) is considering providing a senior loan of up to US$30 million for the construction of the 55 MW Sainshand wind park in Mongolia’s Gobi desert.
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