State Power Investment Corp Ltd
Total capacity of implemented projects
10 - 50 GW
Countries of projects presence
4
State Power Investment Corp Ltd (SPIC) is a Chinese state-owned enterprise that specializes in the development and operation of power generation projects. The company was established in 2015 through the merger of two state-owned power companies, China Power Investment Corporation and State Nuclear Power Technology Corporation. SPIC is headquartered in Beijing, China and has operations across the globe.
SPIC is committed to developing renewable energy projects in the following sectors: conventional power, nuclear, solar, and wind. The company's mission is to provide clean and sustainable energy solutions to meet the growing demand for electricity in China and around the world.
Conventional Power
SPIC has a strong presence in the conventional power sector, with a focus on coal-fired power plants. The company operates a number of coal-fired power plants in China, including the Huaneng Shandong Rizhao Power Plant, the Huaneng Yuhuan Power Plant, and the Huaneng Dalian Power Plant. These plants have a combined installed capacity of over 13,000 MW and provide electricity to millions of people in China.
SPIC is also investing in the development of clean coal technologies to reduce the environmental impact of its coal-fired power plants. The company is working on the development of ultra-supercritical technology, which can reduce carbon emissions by up to 30% compared to traditional coal-fired power plants.
Nuclear
SPIC is one of the leading nuclear power companies in China, with a focus on the development and operation of nuclear power plants. The company operates two nuclear power plants in China, the Hongyanhe Nuclear Power Plant and the Haiyang Nuclear Power Plant. These plants have a combined installed capacity of over 6,000 MW and provide clean and reliable electricity to millions of people in China.
SPIC is also investing in the development of advanced nuclear technologies, such as small modular reactors (SMRs) and thorium-based reactors. SMRs are smaller and more flexible than traditional nuclear reactors, making them ideal for use in remote areas or as a backup power source. Thorium-based reactors use thorium instead of uranium as fuel, which is more abundant and produces less nuclear waste.
Solar
SPIC is a leading developer of solar power projects in China, with a focus on both utility-scale and distributed solar projects. The company operates a number of solar power plants in China, including the Qinghai Golmud Solar Power Plant, the Ningxia Yanchi Solar Power Plant, and the Shanxi Datong Solar Power Plant. These plants have a combined installed capacity of over 1,000 MW and provide clean and renewable electricity to millions of people in China.
SPIC is also investing in the development of new solar technologies, such as concentrated solar power (CSP) and floating solar power plants. CSP uses mirrors or lenses to concentrate sunlight onto a small area, which can generate higher temperatures and more electricity than traditional solar panels. Floating solar power plants are installed on bodies of water, such as lakes or reservoirs, which can help to reduce land use and increase energy efficiency.
Wind
SPIC is a leading developer of wind power projects in China, with a focus on both onshore and offshore wind projects. The company operates a number of wind farms in China, including the Jiangsu Rudong Offshore Wind Farm, the Hebei Zhangbei Offshore Wind Farm, and the Inner Mongolia Wulanchabu Wind Farm. These wind farms have a combined installed capacity of over 2,000 MW and provide clean and renewable electricity to millions of people in China.
SPIC is also investing in the development of new wind technologies, such as floating wind turbines and hybrid wind-solar projects. Floating wind turbines are installed on floating platforms in deep water, which can access stronger and more consistent winds than onshore wind turbines. Hybrid wind-solar projects combine wind and solar power generation to provide a more stable and reliable source of renewable energy.
Conclusion
SPIC is a leading developer of renewable energy projects in China, with a focus on conventional power, nuclear, solar, and wind. The company is committed to providing clean and sustainable energy solutions to meet the growing demand for electricity in China and around the world. With its strong presence in the energy sector and its focus on innovation and technology, SPIC is well-positioned to lead the transition to a low-carbon future.