[Changyuan Power plans to invest 7 billion yuan in new energy projects] On July 24, 2024, Changyuan Power Co., Ltd., a subsidiary of the State Energy Group, officially announced the latest progress of its cooperation with the People's Government of Songzi City. The two parties have signed a strategic cooperation announcement on the investment and development of new energy projects. This move aims to actively respond to the country's ambitious goals of carbon peak and carbon neutrality, and accelerate the vigorous development of the new energy industry in Songzi area by integrating the resources and expertise between local governments and enterprises. On July 20, 2024, the Songzi Municipal Government and Changyuan Power jointly signed the "State Energy Changyuan Songzi City New Energy Project Investment and Development Cooperation Agreement", marking a substantial step forward in the cooperation between the two parties in the new energy construction in Songzi City, Jingzhou City, Hubei Province. The cooperation agreement clearly states that the two parties will work together to plan and implement a series of new energy projects in the region, with a total installed capacity target of no less than 1.5 million kilowatts, of which the installed capacity of wind power projects will be no less than 650,000 kilowatts, and the total investment amount of the overall project is expected to be as high as 7 billion yuan. This cooperation not only reflects the firm confidence of both parties in the future development of the new energy field, but also demonstrates their determination to jointly commit to the green transformation and sustainable development of the local economy.Editor/Zhang Liyuan

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