Since 2023, Yunnan Province has signed 126 new energy storage projects with a combined investment exceeding RMB 130 billion, according to the Yunnan Provincial Investment Promotion Bureau.
Source: Kunming Daily
Since 2023, Yunnan Province has signed 126 new energy storage projects with a combined investment exceeding RMB 130 billion, according to the Yunnan Provincial Investment Promotion Bureau. Each project averages over RMB 1 billion in investment and spans the entire value chain—from battery cell manufacturing and system integration to power station operation and battery recycling—highlighting the province’s strong performance in attracting energy storage investment.
Relying on its rich clean energy resources and strategic location, Yunnan is accelerating the development of an integrated “wind–solar–hydro–storage” energy system, with a focus on lithium batteries, pumped hydro, and hydrogen storage. The province is beginning to see clear signs of industrial clustering. Since 2023, newly launched projects have brought in over RMB 80 billion in planned investment. Among them is a vanadium redox flow battery project in Chuxiong Prefecture, which will further extend the province’s green vanadium-titanium supply chain. Once completed, it is expected to be the largest project of its kind in China.
To fast-track implementation, Yunnan has pioneered a "regulation capacity market" mechanism, offering leasing incentives of up to 1.8 times capacity for lithium iron phosphate projects and up to 3 times for vanadium flow battery projects. The province also promotes a “conditional acceptance + parallel approval” model to shorten review timelines. With abundant natural resources and robust industrial infrastructure, Yunnan has built a closed-loop ecosystem encompassing materials, manufacturing, and application. A notable example is the 300MW/600MWh shared storage project in Nanshanba, Dayao County, which went from groundbreaking to grid connection in just 63 days.
Thanks to its innovative policies, efficient services, and fully integrated supply chain, the average implementation period for energy storage projects in Yunnan is just six months—well ahead of industry norms and widely regarded as the “Yunnan Speed.”
Reproduced article do not represent the position of New Energy Era.