Fang Qin, President of ABB North Asia and ABB (China) Co., Ltd., recently said at the ABB Power World event media meeting that ABB ’s investment in China will exceed US $ 100 million in 2011, and the investment during the “12th Five-Year Plan†period will exceed 500 million US dollars. "ABB has obtained a US $ 350 million UHV order from China Southern Power Grid," Fang Qin also said that he will continue to increase investment in smart grids.
Fang Qin said, "Smart grids provide a huge opportunity to build a low-carbon transmission system. By reducing the consumption of fossil fuels to reduce global greenhouse gas emissions demand means more distributed power generation, more wind power and solar energy, etc. Renewable energy generation and a two-way grid that can receive and deliver reliable power.
Fang Qin said that the smart grid is developed gradually. Although there are still some smart grid technologies yet to be developed, ABB has been researching and developing in many related technical fields for many years. ABB's proven technologies and products have been applied in the market. In China, ABB has applied HVDC technology to many "West to East" projects, including the construction of three UHV DC transmission lines in Xiangjiaba-Shanghai, Jinping-Sunan, Nuozhadu-Guangdong. Among them, the Xiangjiaba-Shanghai 800 kV transmission line, which was put into use in July 2010, is the world's first UHV DC transmission line, and also the world's longest transmission line with the longest transmission capacity. The remaining two lines are currently under construction.
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