Defining the options for the Renewable Energy market in Inner Mongolia
MRC Consultants and Transaction Advisers (a member of the MRC Group of Companies has been collaborating with a Chinese university as part of the project “Mechanism and Implementation Plan for renewable energy (RE) in the Spot Market of Inner Mongolia”, that is part of the China Renewable Energy Scale Development Program Phase II, been developed by the Government of China in cooperation with the World Bank and the Global Environment Facility.
There is a wide understanding, on the need of undergoing a profound transformation of the global energy system from one that is largely based on fossil fuels to one that enhances efficiency, is based on renewable energy and pursues extensive electrification while increasing system flexibility.
This project deals with an assessment of international experience in different countries related with the measures to maintain an affordable and reliable balance of supply and demand in this evolving landscape. Specially focused on presenting the development and deployment of solutions and mechanisms that increase the system flexibility needed to integrate high shares of solar and wind power, while ensuring adequate performance of the wholesale electricity markets in these countries.
This project provides deep analysis of the following items:
- the institutional construction, power trading mechanism design, policies, recent operating, and provide operable and framework recommendations to integrate VRE within the ongoing construction of power spot market in China.
- the successful practices of regional integration between power markets (especial focus on the European market and other more relaxed references such as SIEPAC).
- the problems and motivations of RE development.
- the successful practices of RE trading in those spot markets, including policies, mechanism, measures, etc.
We also prepared related seminars based on PMO and sponsors’ requirements and participated in the meeting discussion with the local experts and formulated a summary of findings and conclusions.
For more information contact:
MRC: José María López firstname.lastname@example.org