On September 10, Shanghai Electric Power issued the resolution announcement of the fifth meeting of the ninth board of directors, which passed the proposal of "Investment Decision of Shangdian Green Energy Fengxian No.1 Offshore Photovoltaic Project ".
The announcement shows that Fengxian No.1 offshore photovoltaic project is located in the sea area of Fengxian District, Shanghai, with an installed capacity of 500000 kilowatts , which is the first batch of offshore photovoltaic pilot projects in Shanghai. Shanghai Electric Power Green Energy Co., Ltd., a wholly-owned subsidiary of Shanghai Electric Power, will implement the construction with a total dynamic tax-inclusive investment of no more than 3.780 billion yuan , with a capital of 20% of the total planned investment, and the remaining part will be solved in the form of loans.