News >  Boosting “Grid Parity” ZTT Opens the Golden Development Period of Offshore Wind Power

Boosting “Grid Parity” ZTT Opens the Golden Development Period of Offshore Wind Power

2021-4-23 11:04:18

On January 9, 2019, National Development and Reform Commission(NDRC)and National Energy Administration (NEA) issued the Notice on Actively Promoting the Grid Parity of Wind Power and Photovoltaic Power Generation, aiming at promoting the high-quality development of renewable energy and improving the market competitiveness of wind power and photovoltaic power generation. In response to the national goal of “striving to peak carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060”,  special development plans have been issued in various places to actively support the development of offshore wind power.

“Grid Parity”  means that reducing the cost of leveling electricity is the way to win, while the continuous evolution and innovation of technology is the key to reduce costs and increase efficiency. ZTT has many advantages in the domestic submarine cable market competition. The company has accumulated in the submarine cable field for more than 20 years, whose technology research and development capability has got ahead of the domestic counterparts. According to the appraisal organized by the national competent department, the ±400kV DC submarine cable, the 45-220kV light AC submarine cable and the 500kV XLPE AC submarine cable with the highest voltage in Zhoushan, State Grid, all rank first in China. The company has international leading R&D achievements, advanced production equipment, mature and stable manufacturing technology and experienced talent team. On the basis of ensuring efficient production and optimal quality, ZTT can effectively control the production cost to the lowest in the industry, and provide more competitive and cost-effective submarine cables and supporting accessories for the  “Grid Parity” offshore wind power project.

 

ZTT began to deploy overseas markets in 2008, and has achieved more than 80 performances in Southeast Asia, Europe and the United States, totaling 1,500 kilometers. These achievements covered offshore wind power, oil and gas, power transmission and other industries. Among them, the 155kV turnkey project of Dedian Wind Power makes ZTT achieve a “zero”  breakthrough in doing offshore wind power turnkey by Asian manufacturers in Europe. After years of research and development and overseas project delivery, Zhongtian Technology Submarine Cable has obtained a full range of submarine cable type test reports and pre-qualification reports from medium voltage to high voltage and AC to DC. With the release of domestic submarine cable production capacity, there is great potential for international market development in the future.

It is understood that the marine industry will usher in a golden development period during the “14th Five-Year Plan”  period. ZTT, as a green technology group conforming to the new economic order of  “clean and low-carbon” , has made sufficient preparations. ZTT will seize the important opportunity of developing offshore wind power, strive to be the main force of the super-long track for peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060, actively promote technological progress and industrial upgrading, as well as assist the policy of “Grid Parity”. And on this basis, by promoting the large-scale development of offshore wind power and simultaneously expand the international marine market, ZTT will achieve high growth of economic quality. In addition, coinciding with the 52nd World Earth Day, Zhongtian people have been taking actions to convey the concept of environmental protection and advocate green life, hoping protect Mother Earth with everyone.


 

ZTT Group

ZTT Group, a global and leading manufacturer is active in the research development, design, production, supply, and installation complete with a wide product range in telecom, energy, renewable energy and marine system.

ZTT was listed on the Shanghai Stock Exchange (Stock Code 600522.SH) on Oct 24, 2002. ZTT has broken through the US$8.89 billion marks in revenue in 2019. A truly global company whose products are shipped to 147 countries. ZTT stronghold comprises 58 overseas branch offices, 6 registered subsidiaries, 89 plants (inclusive of 7 overseas plants), 7 research & development centers and over 16,000 employees.