- Huanghe Hydropower Development signs an investment agreement with the Delingha Municipal People’s Government of Qinghai Province
- Huaneng Power International signs joint venture with ShangHua Investment to jointly establish Fengcheng Company
Huanghe Hydropower signs 2.2 GW multi-technology power plant project: Huanghe Hydropower Development, a large energy company controlled by China’s State Power Investment Group, announced that it has signed an investment agreement about energy projects with the Delingha Municipal People’s Government of Qinghai Province. As per the agreement, the two parties will jointly promote implementation of Delingha’s 2.2 GW power plant project with the first phase of 1 GW will focus on solar technology. Last year, Huanghe Hydropower Development has grid connected a 2.2 GW solar PV park with 202.86 MW/202.86 MWh energy storage capacity (see 2.2 GW Solar Park With Storage Grid Connected In China)
Huaneng Power to invest RMB 924 mn in PV projects: China’s listed power producer Huaneng Power International said its subsidiary Qingneng is creating a joint venture with ShangHua Investment. With this partnership, Qingneng and Shanghua will jointly establish Fengcheng Company, with an investment of up to RMB 924 million ($142.97 million) and RMB 396 million ($$61.27 million) respectively. Focus of Fengcheng Company will be to develop photovoltaic base projects. Once the transaction is completed, Qingneng will hold 70% of Fengcheng Company, while Shanghua will hold 30%.