Offshore wind power farm

Offshore wind power farm

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Offshore wind power farm
Offshore wind power farm
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Renewable Resources and Alternative Energy
Alternative Energy
Business Model Description

An offshore wind farm generates electricity utilizing offshore wind resources. Revenue includes the rates charged for incorporation into the power network, while costs include equipment, operation and maintenance, depreciation, and other expenses.

Expected Impact

Offshore power plants increase the use of clean energy and contribute to sustainable development, enhancing the surrounding population's well-being.

How is this information gathered?
Updated: 11 Dec, 2023 Date of Production: 30 Sep, 2021
China
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in GPM)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
> USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Affordable and Clean Energy (SDG 7)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Climate Action (SDG 13)

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Sector Sources
  • (1) State Council, 2021, Action Plan for Carbon Dioxide Peaking Before 2030 (2) IRENA, 2019, Renewable energy: a gender perspective. https://www.irena.org/publications/2019/Jan/Renewable-Energy-A-Gender-Perspective (3) Forward Intelligence, Market Foresight and Investment Strategy Report of China's Wind Power Industry, https://bg.qianzhan.com/report/detail/f7fa9c50850a4f16.html?v=footer2" 4) Guiding Opinions of the State Council on Accelerating the Establishment of a Sound Economic System with Green, Low-carbon and Circular Development (No. 4 [2021] of the State Council), http://www.gov.cn/zhengce/content/2021-02/22/content_5588274.htm 5) XNY365, http://www.xny365.com/zhuanjia/article-53293.html (6) Zhu Linzhi, Chen Ning, Han Hualing. Keys Problems and Solutions of Wind Power Accommodation [J]. Automation of Electric Power Systems, 2011, 035(022):29-34.
IOA Sources
  • (7) Prospectus: China Three Gorges Renewables (Group) Co., Ltd.: http://www.cninfo.com.cn/new/disclosure/detail?plate=sse&orgId=9900016549&stockCode=600905&announcementId=1209936204&announcementTime=2021-05-07 (8) 2020 Annual Report: Zhongmin Energy Co., Ltd.， http://www.cninfo.com.cn/new/disclosure/detail?plate=sse&orgId=gssh0600163&stockCode=600163&announcementId=1209841202&announcementTime=2021-04-28 (9) Announcement: Fujian Funeng Co.,Ltd., http://www.cninfo.com.cn/new/disclosure/detail?plate=sse&orgId=gssh0600483&stockCode=600483&announcementId=1210483496&announcementTime=2021-07-15 10) Announcement: Jiangsu Zhongtian Technology Co., Ltd., https://ggjd.cnstock.com/company/scp_ggjd/tjd_ggkx/202112/4797467.htm 11) Securities Daily，2022，The "14th five year plan" installed capacity is expected to exceed expectations and the offshore wind power industry boom is high，http://www.zqrb.cn/finance/hangyedongtai/2022-11-16/A1668550698416.html (12) National Energy Administration, http://www.nea.gov.cn/2021-03/30/c_139846095.htm (13) State Council, 2020, The Outline for the 14th Five-Year Plan for Economic and Social Development and Long-Range Objectives through the Year 2035, http://www.gov.cn/xinwen/2021-03/13/content_5592681.htm (14) National Energy Administration, 2021, The "Notice on Matters Concerning the Development and Construction Plan for Wind Power and Photovoltaic Power Generation in 2021, http://zfxxgk.nea.gov.cn/2021-05/11/c_139958210.htm (15) National Development and Reform Commission, 2019, Notice on Improving the Policies for On-Grid Wind Power Prices, http://www.gov.cn/xinwen/2019-05/25/content_5394615.htm(http://www.gov.cn/xinwen/2019-05/25/content_5394615.htm) (16) National Energy Administration and State Oceanic Administration, Notice on issuing the Measures for the Administration of the Development and Construction of Offshore Wind Power, http://zfxxgk.nea.gov.cn/auto87/201701/t20170104_2417.htm(http://zfxxgk.nea.gov.cn/auto87/201701/t20170104_2417.htm) (17) 2020 Annual Report: Cecep Wind-power Corporation, http://www.cninfo.com.cn/new/disclosure/detail?plate=sse&orgId=9900029306&stockCode=601016&announcementId=1209358601&announcementTime=2021-03-10 (18) 2020 Annual Report: Jiangsu New Energy Development Co., Ltd., http://www.cninfo.com.cn/new/disclosure/detail?plate=sse&orgId=gfbj0833368&stockCode=603693&announcementId=1209810338&announcementTime=2021-04-27 (19) in-en.com, 2021, Offshore wind power is the trendsetter of the times, https://wind.in-en.com/html/wind-2409182.shtml (20) 2021 Insight: Competitive Landscape and Market Share of China Wind Power Industry, https://www.qianzhan.com/analyst/detail/220/210804-5fafc548.html (21) Ningbo Daily, 2021, Ningbo's first offshore wind power project was put into operation, https://www.ningbo.gov.cn/art/2021/12/24/art_1229196404_59042026.html (22) https://wind.in-en.com/html/wind-2409182.shtml (23) National Development and Reform Commission and National Energy Administration, 14th Five-Year Plan for Modern Energy Systems, http://zfxxgk.nea.gov.cn/2022-01/29/c_1310524241.htm(http://zfxxgk.nea.gov.cn/2022-01/29/c_1310524241.htm) (24) Ministry of Finance and State Administration of Taxation, 2015, Notice on Value-Added Tax Policies for Wind Power Generation, http://www.chinatax.gov.cn/chinatax/n359/c1521611/content.html(http://www.chinatax.gov.cn/chinatax/n359/c1521611/content.html) (25) 2021 Joint Report on Multilateral Development Banks' Climate Finance, https://www.isdb.org/sites/default/files/media/documents/2022-02/MDBs%20Report%20on%20SDGs_vf.pdf (26) in-en.com, 2021, The offshore wind bottleneck is here, https://wind.in-en.com/html/wind-2399283.shtml