12.3 Billion Yuan! Guangdong No.2 Hydropower to Invest in 2GW PV and Energy Storage Project in Marabishi County of China

PVTIME – On December 7th, Guangdong No.2 Hydropower Engineering Company, Ltd. (002060.SZ), disclosed that it intends to invest in photovoltaic power generation and energy storage projects in Marabishi County, Xinjiang Uygur Autonomous Region of China, with an estimated total investment of 12.3 billion yuan.

The company has launched a number of solar energy and storage projects in Xinjiang Region. 1 billion yuan had been invested in two PV and ES projects located in Wushi County and Marabishi County in August 2022. Another 7.588 billion yuan had been invested in PV and ES projects located in Marabishi County and Awat County in September 2022.

Furthermore, the accumulated installed capacity of photovoltaic power generation projects of the company has been put into operation is 852.28MW according to the announcement.