Core Insights - Guangdong's first batch of 110 kV renewable energy power plants has officially participated in the electricity spot market, marking a significant step towards integrating renewable energy into the market [1][2][3] - The total installed capacity of wind and centralized solar power in Guangdong has exceeded 60 million kW, driving the transformation of the region's energy structure [2] - The participation of these renewable energy plants in the spot market is expected to enhance system safety and balance electricity supply and demand [3] Group 1 - Nine renewable energy power plants, including Chengtou Wind Farm and Zeyang Photovoltaic Power Station, have a combined grid capacity of approximately 462,000 kW and traded 8.081 million kWh on their first day [1] - The Tuo Lian Street 88 MW fish-solar complementary photovoltaic project, covering an area of about 1,600 acres, is expected to generate 120 million kWh annually, reducing CO2 emissions by approximately 110,000 tons per year [1] - Since the continuous operation of the spot market began in November 2021, the total trading volume of renewable energy has exceeded 3 billion kWh [2] Group 2 - Guangdong has been a leader in market-oriented reforms for renewable energy pricing and has initiated pilot projects for renewable energy participation in the electricity spot market since December 2022 [2] - As of January 1, 2024, all 220 kV and above renewable energy stations in Guangdong will fully participate in the electricity spot market, with an entry scale exceeding 17 million kW [2] - The integration of 110 kV renewable energy power plants into the spot market is a crucial step in promoting the comprehensive entry of renewable energy into the electricity market [3]