On December 27, 2021, Risen Energy issued an announcement stating that the company recently signed the "Inner Mongolia Autonomous Region Baotou Municipal People’s Government and Dongfang Risheng New Energy Co., Ltd. Investment Framework Agreement" with the Baotou Municipal People’s Government of Inner Mongolia Autonomous Region. Framework Agreement), and signed the "Investment Agreement of the People's Government of Guyang County, Baotou City, Inner Mongolia Autonomous Region, Oriental Risheng New Energy Co., Ltd." (hereinafter referred to as the "Investment Agreement") with the People's Government of Guyang County, Baotou City, Inner Mongolia Autonomous Region.

Risen Energy intends to invest in Guyang Jinshan Industrial Park, Guyang Jinshan Industrial Park, through its wholly-owned or holding subsidiary, in the source-network-load-storage integration demonstration project (Phase II) of the incremental power distribution network in Guyang Jinshan Industrial Park. The project is divided into two major sections. : One is the manufacturing sector (ie the load side): annual output of 200,000 tons of metallic silicon + 150,000 tons of high-purity silicon + 10GW N-type high-efficiency crystal pull + 3GW modules; the second is the power generation sector (ie, the power side): 3.5GW photovoltaic power station Project + 1.6GW wind power plant project + energy storage project.

The total investment of the project is initially estimated to be 44.65 billion yuan, and the specific investment quota is determined based on actual conditions.

It is reported that the integrated source-network-load-storage project includes an operation model of the overall solution of "power supply, power grid, load, and energy storage". The project has realized the local consumption of new energy, reduced the company's manufacturing costs, helped "carbon peak and carbon neutrality", promoted the orderly replacement of traditional energy, and promoted the coordinated and sustainable development of the energy sector and the ecological environment. Among them, "source" refers to the wind power and photovoltaic power plant projects in this project, which provide the source for the load side of the project; "net" refers to the incremental power distribution network within the jurisdiction of the party that provides power supply and distribution services for this project; "load" Refers to the electricity load of the manufacturing sector of this project, which is the main energy consuming unit in this project; "storage" refers to the energy storage system, which is used to balance and stabilize the power output. Solve the energy consumption problem through the source-grid-load-storage integration project based on the incremental distribution network, and solve the problem of grid volatility in the process of clean energy consumption.

Oriental Risen said that this foreign investment can promote the company's photovoltaic industry chain agglomeration effect and improve the company's crystalline silicon material, silicon crystal pulling, photovoltaic cells, photovoltaic module-related product manufacturing, photovoltaic power generation, energy storage and other photovoltaic industry chain capacity The integrated layout continuously improves the company's comprehensive competitive advantage and profitability, and expands the company's photovoltaic products' share in the global market. It has a certain positive impact on the company's performance and meets the company's development needs and long-term planning Editor/Sang Xiaomei