Wolong Electric to Invest 2.03 Billion Yuan in 500MW New Energy Plus Storage Grid-Connected Project

Published: Dec 25, 2024 09:27

Save

[125MW/250MWh! Wolong Electric Plans to Invest 2.03 Billion Yuan in a New Energy Plus Energy Storage Grid-Connected Pilot Demonstration Project] On the evening of December 24, Wolong Electric announced that the company, through its subsidiary Shunfeng New Energy (Damaoqi) Co., Ltd., plans to invest in the construction of the Baotou Damaoqi New Energy Plus Energy Storage Grid-Connected Pilot Demonstration Project. The total installed capacity of the project is 500MW, with a total investment of 2.03 billion yuan. The project has been approved by the Baotou Municipal Development and Reform Commission. The proposal for this project was reviewed and approved at the company's 10th meeting of the 9th Board of Directors.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

[Toyota to Produce Next‑Gen EVs in China, Nikkei Reports]

Toyota Motor plans to produce its next‑generation electric vehicles in China starting next autumn, according to a report from Nikkei's website on August 28. The new models will be Lexus‑branded SUVs (sport utility vehicles). The report said the vehicles will be built at Toyota's new Shanghai plant, with initial production of about 1,000 units per month in the first year, and annual output expected to rise to tens of thousands of units from 2028 onward.

2 hours ago

3 hours ago

[SMM Analysis]Ganfeng Lithium Swings to Profit in H1 2026, Powered by Dual Engines of Resources and Capacity

3 hours ago

[SMM Analysis] Feng Lithium Returned to Profit in H1 2026, with Resource and Capacity Dual Drivers Delivering Notable Results

3 hours ago