On August 24, Teda announced that it planned to invest 100 million yuan in China and Teda Electric Power to establish a joint venture company, Guohua Teda New Energy Development Co., Ltd . In the future, as the implementation subject of green new energy projects, the joint venture company will invest in centralized photovoltaic , distributed photovoltaic, BIPV and other fields, and plan "green electricity into Tianjin", "green ammonia" and "green hydrogen" base projects, focusing on new energy investment in the future. Guohua Teda New Energy Development Co., Ltd., a

joint venture company, has a registered capital of 100 million yuan and is engaged in the development, investment, construction, acquisition and management of new energy projects such as wind power, photovoltaic, energy storage, smart energy and hydrogen energy. Among them, TEda invested 39 million yuan and held 39% of the shares; Guohua invested 51 million yuan and held 51% of the shares; TEda Power invested 10 million yuan and held 10% of the shares.
Among them, Guohua Energy Investment Co., Ltd. is a wholly-owned subsidiary of the State Energy Group of the Central Enterprise, and Tianjin Teda Electric Power Co., Ltd. is a holding subsidiary of Tianjin Teda Investment Holding Co., Ltd., which is mainly responsible for the construction of power infrastructure, operation management and power service in the Eastern District of Tianjin Development Zone. Provide safe, continuous, stable and reliable power supply, and its income is mainly from electricity sales.
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