China’s SPIC directs first green power trade with Ningxia’s electrolytic aluminium industry

State Power Investment Aluminum and Power Company has overall completed the first electrolytic aluminium industry in Ningxia, China, by collaborating with Fujian Company, Wuling Power, and Zhongwei New Energy Company. This involved two electrolytic aluminium units, Qingtongxia Branch and Ningdong Branch, resulting in a green power transaction with a volume of 9 million kWh.

As a pioneer in green power trading in Ningxia, Aluminum Electricity Co., Ltd. took the initiative to procure green power from new energy companies for the two electrolytic aluminium companies. Several new energy companies were negotiated with during the process, but a cooperation agreement was eventually reached with Fujian Company, Wuling Electric Power, and Zhongwei New Energy Company.

This green electricity transaction positively impacts the environment by significantly reducing the carbon dioxide emissions, sulphur dioxide, and nitrogen oxides by 8,106.3 tonnes, 4.23 tonnes, and 3.87 tonnes, respectively, for the electrolytic aluminium companies. Moreover, it provides a reliable and transparent way to obtain green electricity for the electrolytic aluminium industry.

Looking ahead, the company plans to increase the proportion of green electricity transactions in collaboration with the group company in Nanjing. The aim is to achieve carbon neutrality in the electrolytic aluminium industry as soon as possible.

Green power trading refers to medium- and long-term power trading with "green power products as the subject matter." This satisfies the needs of power users who wish to purchase and consume green power while providing corresponding green power consumption certification. The current power market supply and demand scenario emphasises the importance and urgency of "building a new power system with new energy as the main body." It is obvious that green power trading is vital to advancing renewable energy consumption in a market-standardised decorum.