What is a wind power concession?

Wind power concession refers to a wind resource zone that has a commercial development value and can install wind turbines of appropriate size on the basis of a preliminary survey of wind resources by the government of the wind resource area or its authorized company, and selects owners through bidding; The successful bidder shall bear all investment and risks in the investment, construction and operation of the project in accordance with the provisions of the concession agreement.

During the concession period, the owner owns the ownership and operation rights of the project; the government promises to purchase all the electricity generated by the project using wind power, and the power grid management department in the locality and the developer sign the power purchase contract with a period not less than the project operating period, and the electricity price is quoted by the bid. determine. The concession period is generally 20 to 25 years. Upon expiration, the ownership and use rights of all assets of the wind power project are handed over to the local government or a designated agent free of charge.