Jun Solar Photovoltaic Power Generation Project

What is the world's largest photovoltaic green hydrogen production project?

Upon completion, the project will produce an annual green hydrogen output of 20,000 tons, making it the world's largest photovoltaic green hydrogen production project. Sinopec Lands World’s Largest Photovoltaic Green Hydrogen Production Project in Kuqa, Xinjiang.

Can solar power produce green hydrogen?

The Project takes advantage of the wealth of photovoltaic resources in Kuqa to achieve 20,000 tons per annum of green hydrogen by using solar power to electrolyze water, along with the capacity to store 210,000 cubic meters of hydrogen and transport 28,000 cubic meters per hour.

What is Sinopec Xinjiang Kuqa green hydrogen pilot project?

KUQA, China, Aug. 31, 2023 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") completed the construction of the Sinopec Xinjiang Kuqa Green Hydrogen Pilot Project (the "Project"), China's largest photovoltaic green hydrogen production project lately.

When is China's first hybrid energy photovoltaic power station fully operational?

China's first hybrid energy photovoltaic power station using both solar and tidal power in Wenling City of east China's Zhejiang Province is fully operational, May 30, 2022. /CFP

How will PV power generation affect the NPV of a project?

Although the initial investment cost is large, national policies such as tax preferences greatly mitigate the upfront costs, and the green environmental attributes of PV power generation will provide additional income for the project. The NPV of the project will turn from negative to positive over time.

How much did solar PV invest in 2022?

Global solar PV investments in capacity additions increased by over 20% in 2022 and surpassed USD 320 billion, marking another record year. Solar PV comprised almost 45% of total global electricity generation investment in 2022, triple the spending on all fossil fuel technologies collectively.