Costs weigh heavily on offshore wind power for HKLocal | 6 May 2020 2:16 pm
Hong Kong's needs to resolve technical and financial issues, as well as the tariff impact in exploiting the renewable energy potential of offshore wind power, the Secretary for the Environment, Wong Kam-sing, said today.
He said that based on an assessment of power companies, there are two offshore sites, off the sea of Ninepin Group and the waters near Lamma Island, which are more suitable for developing wind farms on a commercial scale.
The two power companies have also been conducting wind measurement work at these locations.
“Yet, the combined cost of the two projects will be over HK$10 billion and their total capacity is about 300 megawatts. The amount of electricity provided is estimated to be less than 1.5 percent of Hong Kong's total electricity consumption. The cost is relatively higher than using natural gas for electricity generation,'' Wong said.
Despite the uncertainties on offshore wind farms within Hong Kong, he said the feasibility and cost effectiveness will be explored.