A clean, low-carbon, safe and efficient energy system will become the future development direction. On the evening of September 13, 2021, Guidong Electric Power announced that it had signed an investment structure agreement for wind-solar-thermal-storage projects with the People's Government of Babu District, Hezhou City. The Agreement covers four parts: wind power projects, pumped storage projects, cogeneration projects, and photovoltaic projects, with a cumulative installed capacity of 2GW and a total investment of approximately 11 billion yuan.
Total investment of approximately 11 billion yuan for the four major projects
Among them, the wind power projects include the Renyi Wind Farm in Babu District and the Shangcheng Wind Farm in Babu District, with a planned total installed capacity of approximately 300MW and a planned investment of approximately 2 billion yuan; the pumped storage project has a planned installed capacity of 1.2GW and a planned investment of approximately 6.5 billion yuan; the cogeneration project involves Guidong Electric Power's thermal power unit cogeneration transformation of cogeneration projects within Babu District, Hezhou City, with a planned investment of approximately 5 billion yuan; the photovoltaic project involves the development of photovoltaic power generation projects in areas within Babu District, Hezhou City, such as reservoirs and their surrounding tidal flat land suitable for construction, factory rooftops, abandoned mining areas, agricultural product production bases, and barren hills and wasteland, with a planned development of photovoltaic projects with an installed capacity of more than 500MW and a planned investment of approximately 2 billion yuan.
The wind-solar-thermal-storage energy project is located in Babu District, Hezhou City, Guangxi, and is in line with the company's development strategy of accelerating its layout in the new energy field. According to its previous semi-annual report, as of June 30, 2021, the total installed capacity of power sources controlled by Guidong Electric Power (wholly-owned and controlled) was 1,577.6 MW (including 857.6 MW of hydropower, 700 MW of thermal power, and 20 MW of photovoltaic power generation). It is a power generation enterprise mainly engaged in hydropower generation, supplemented by thermal power generation.