Company Wins Chinese Pumped Storage Deal

China State Grid Corp., the nation’s largest energy provider, bought four pumped-storage units from Germany’s Voith GmbH for a renewable-power plant in Jiangxi province.

The plant will generate 2,400 megawatts once built, valuing the order at 70 million euros ($86 million). The facility will store power generated from renewable sources and release it through turbines during periods of high demand.

China, the world’s biggest carbon emitter, has 24 pumped- storage plants, with a total installed capacity of about 18,700 megawatts. Beijing aims to generate 11% of its energy from renewable sources by 2015 and 20% by 2020.

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