Gelonghui, December 13: Guodian Electric Power (600795.SH) announced that the Changli offshore photovoltaic project is developed, constructed and operated by Guodian Electric Power Changli New Energy Development Co., Ltd. (referred to as “Changli New Energy”), a wholly-owned subsidiary of the company. The total dynamic investment of the project is 2591.6445 million yuan, the capital ratio is 30%, and the rest is settled through bank loans. According to the dynamic total investment calculation, the company will allocate 777.4934 million yuan in capital to Changli New Energy for the construction and operation of the Changli offshore photovoltaic project.

The Changli 0.5 million kilowatt offshore photovoltaic pilot project is a key early project and major project in Hebei Province. It has obtained construction targets and completed territorial filing. Key technologies and preliminary conditions have been implemented, economically viable, and risks are manageable. The commissioning of the project will effectively relieve the power load pressure on the North China power grid and help achieve the “double carbon” goal.