On November 28, 2022, Shenzhen Energy announced that ShennengShule New Energy Development Co., LTD. (hereinafter referred to as ShennengShule New Energy), a wholly-owned subsidiary of its wholly-owned subsidiary ShennengShule Northern Energy Holding Co., LTD., plans to invest in the construction of Shenzhen Energy Shule County 2 million kW optical storage integration project phase I (500,000 kW). The total investment of the project is 3.353 billion yuan.

According to the announcement, Shenzhen Energy Shule County 2 million kW optical storage integration project based on the principle of "overall planning, batch construction", to be divided into three phases. Among them, the first phase of this project is located in Shule County, Kashgar Prefecture, Xinjiang, about 20 kilometers southeast of Arapu Township. It is planned to build a 500,000kw photovoltaic power generation project and supporting electrochemical energy storage facilities.

Shenzhen Energy said the construction of the project was supported by local policies. The total investment of the project is 3.353 billion yuan, of which Shenzhen Energy's own capital is 673 million yuan, and the rest of the investment is to be settled through financing. Considering the capital situation of the North Holding Company, it is proposed that the company will increase the capital of 673 million yuan to the North Holding Company, and the North Holding Company will increase the capital of 671 million yuan to ShennengShule New Energy Company for the above projects. After the increase, the registered capital of Shennengshule New Energy Company will increase from 2 million yuan to 673 million yuan.

Shenzhen Energy said that this project is the company's first centralized, large-scale new energy base project of one million kilowatts. The investment and construction of this project will help further increase the proportion of clean energy installed in the company, help the company's subsequent layout and construction of local clean energy projects, which is in line with the company's "14th Five-Year Plan" strategic development positioning. Editor/Xu Shengpeng