China's State Grid to Spend $5.7 Billion on Pumped Hydro Plants
- Five projects to have 6GW capacity and come online from 2026
- China aims to have 40GW of pumped hydro capacity by 2020
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State Grid Corp. of China, the dominant electricity distributor in the world’s biggest energy consumer, will invest 38.7 billion yuan ($5.7 billion) to build five pumped hydro storage plants as part of the nation’s efforts to ease idled solar and wind power capacity.
The projects, in Hebei, Jilin, Zhejiang, Shandong provinces and the far west Xinjiang autonomous region, will have a total capacity of 6 gigawatts and are expected to come online from 2026, the company said Wednesday in a statement.