Three Gorges and CMID Taiping Bay Signed for Venture Company Focusing on New Energy Projects

PVTIME – On January 29, China Three Gorges Renewables (Group) Co.,Ltd.(600905.SH)(hereinafter referred to as Three Gorges or the company) and China Merchants Development Investment (Taiping Bay) Co., Ltd. (hereinafter referred to as CMID Taiping Bay) has signed for joint venture agreement to build joint venture company.

According to the agreement, The two parties will invest 50% each to establish a joint venture company, which will focus on the the investment, development and operation of new energy industrial parks, new energy power stations and relevant business. Meanwhile, it is committed to build a low-carbon and high-quality new energy industrial parks and new energy industrial clusters. It is committed to creating a green, low-carbon and high-quality development of new energy industrial parks and world-class strategic new energy industrial clusters, and through the large-scale contiguous development of offshore wind power, it has become a green energy supplier in Liaoning Province and a leader in China’s offshore wind power development. By.

The two parties will lead the development of the new energy industry with the joint venture company, to build the green and low-carbon industrial ecology for Taiping Bay, and promote the high-quality development of the province and city with the high-end equipment manufacturing industry. The joint venture company is expected to break ground on the new energy industrial park and develop and construct new energy power stations as soon as possible.