State Power Investment Corporation plans to build 500MW photovoltaic project

On December 14, Guodian Electric Power announced that it planned to build a 500000 kilowatt photovoltaic project in the first phase of Tianjin Haijing Salt and Light Complementary Project. The total dynamic investment of the project is 2.989 billion yuan , the proportion of capital is 20%, and the rest is solved by bank loans. According to the share ratio, the company will increase the capital of Tianjin New Energy by 508 million yuan for the investment and construction of this project. The

project is invested, constructed, operated and managed by Tianjin Guodian Power Haijing New Energy Co., Ltd., a joint venture established by Tianjin New Energy, a wholly-owned subsidiary of the company, and Tianjin Changlu Haijing Group Co., Ltd. in accordance with the 85%: 15% share ratio.

This project is located in the southwest of Tianjin Binhai New Area, with abundant light resources. According to the feasibility study report of the project, the annual average power generation is 790 million kWh, the annual average equivalent utilization hours are 1316 hours, and the comprehensive on-grid electricity price is 0.3655 yuan/kWh. The internal rate of return of the project capital is 6.88%. It has invested in the construction of a 500MW photovoltaic project, completed the registration in August 2022, and has obtained supporting documents such as land pre-examination, environmental assessment and water and soil conservation.