On November 8, 2025, Huadian Energy Co., Ltd. officially disclosed its external investment announcement, planning to invest 6.083 billion yuan to build a wind power project with a total installed capacity of 1.4 million kilowatts, as the core component of the 2 × 660000 kilowatt "upper large pressure small" cogeneration unit and new energy integrated joint venture project of Heilongjiang Huadian Fulaerji Power Plant. The project has been reviewed by the company's board of directors and still needs to be submitted for review at the second extraordinary shareholders' meeting in 2025, marking that Huadian Energy's layout in the clean energy market in Heilongjiang has entered the stage of large-scale implementation.

The 1.4 million kilowatt wind power project planned this time consists of six individual projects, covering five cities in Heilongjiang Province including Mudanjiang, Harbin, Qiqihar, Shuangyashan, and Heihe, forming a comprehensive clean energy layout. Among them, the Mudanjiang Mulingmaqiao River and Harbin Hulan Phase III projects both have a capacity of 300000 kilowatts, with a total investment of 1.271 billion yuan and 1.331 billion yuan respectively. They are planned to start construction simultaneously in April 2027 and achieve production in April 2028; The Qiqihar Fularji 200000 kW project and the Shuangyashan Sifangtai 100000 kW project will start construction in July 2027, with a total investment of 1.243 billion yuan; The five major connected ponds in Heihe are planned to develop two projects, Lotus 200000 kW and Xingshan 300000 kW, with a total investment of 2.238 billion yuan. The project is scheduled to start construction in October 2027 and be completed in October 2028. It is worth noting that the construction period of each project is controlled within 12 months, and some projects have obtained approval or pre-approval for land use, laying the foundation for rapid progress.

In terms of technical configuration and expected returns, the project demonstrates efficient and pragmatic characteristics. Taking the Mulingmaqiao River project in Mudanjiang as an example, 30 large-scale wind turbines with a hub height of 160 meters and a single capacity of 10000 kilowatts will be used to adapt to the abundant wind energy resources in the Heilongjiang region. From the perspective of profit prospects, the average investment return rate of the six wind power projects reached 14.66%. Among them, the Qiqihar Fularji project led with a return rate of 20.55%, while the Shuangyashan Sifangtai and Heihe Xingshan projects both had a return rate of over 18%, significantly higher than the industry average, highlighting the high-quality attributes of the projects. In terms of funding, the project capital ratio is 20% (requiring an investment of 2.409 billion yuan), which will be fully borne by Huadian Energy with its own funds. The remaining 9.634 billion yuan will be raised through financing loans, with stable and controllable funding sources.

As a key measure to implement the national "New Generation Coal fired Power Upgrade Special Action" and the deployment of "Two Joint Ventures", this wind power project is not being promoted in isolation, but rather forms a synergistic effect with the 5.96 billion yuan coal fired power upgrade project. The coal-fired power project will expand 2 x 660000 kW ultra supercritical coal-fired thermal power units, shut down 6 x 200000 kW old units, and undertake existing heating loads, while the wind power project will provide clean electricity supplementation, building a complementary pattern of "base load power+clean power". After the completion of all projects, Huadian Energy will add 2.72 million kilowatts of clean power generation capacity and eliminate 1.2 million kilowatts of outdated capacity. This will not only enhance the stability and cleanliness of energy supply in Heilongjiang Province, but also strengthen the company's core competitiveness in the regional energy market.

From the perspective of regional development, the landing of the 1.4 million kilowatt wind power project will bring multiple dividends to Heilongjiang. During the project construction period, it will drive the development of local engineering machinery, building materials supply and other related industries, creating a large number of job opportunities; After being put into operation, it can reduce huge carbon emissions every year, help achieve the "dual carbon" goal, and inject green momentum into the transformation and upgrading of the old industrial base in Northeast China. In the future, with the gradual improvement of approval procedures for various projects, Huadian Energy will steadily promote the commencement of project construction. It is expected that wind power and coal-fired power projects will be put into operation simultaneously by the end of 2028, contributing to the construction of a national level clean energy base in Heilongjiang.Editor/Bian Wenjun