Guangdong Hydropower plans to invest 14 billion yuan to build a centralized photovoltaic power generation project

Recently, Guangdong Hydropower No. 2 Bureau Co., Ltd. (hereinafter referred to as the "Company") and Shenzhen Tianli Energy Storage Technology Co., Ltd. (hereinafter referred to as "Tianli Energy Storage") signed the "New Energy and New Materials Investment Cooperation Agreement" with the Management Committee of Yunnan Simao Industrial Park, Pu'er City, Yunnan Province (hereinafter referred to as "Simao Management Committee"). The company plans to invest in the construction of a 3.5GW centralized photovoltaic power generation project in Pu'er City, Yunnan Province, with a total investment of 14 billion yuan.

Main contents of the agreement

1. Cooperation model: The three parties establish rights, responsibilities and interests through the following methods. The Simao Management Committee allocates photovoltaic power generation projects to the company based on Tianli Energy Storage's investment in Pu'er. The Simao Management Committee actively coordinates and strives for photovoltaic power generation indicators in accordance with the relevant provisions of the national, Yunnan Province and Pu'er City's new energy policies, supports the company to develop photovoltaic power generation projects within the jurisdiction of Pu'er City, and invests in and constructs photovoltaic power generation projects according to the relevant time sequence requirements of Yunnan Province and Pu'er City. Tianli Energy Storage is responsible for the investment, operation and management of industrial projects.

2. Cooperation projects: "Photovoltaic power generation project" and "Solid-state power/energy storage battery + intelligent power/energy storage equipment integration project".

3. Project content: According to the relevant provisions of the national, Yunnan Province and Pu'er City's new energy policies, the Simao Management Committee supports the company to develop a 3.5GW centralized photovoltaic power generation project in the Pu'er urban area, with a total investment of 14 billion yuan. Tianli Energy Storage promises to invest in the construction of "solid-state power/energy storage battery + intelligent power/energy storage equipment integrated project" (hereinafter referred to as "industrial project") in the area designated by the Simao Management Committee, with a total investment of 7.2 billion yuan.