Recently, China Chamber of Commerce of Import and Export of Machinery and Electronic Products released the “2020 China's Top Overseas Power Project Contractors”.

Shanghai Electric Group Co., Ltd. (“Shanghai Electric” for short) ranked 6th with a contract value totaling 1.379 billion US dollars, and 3rd in the sub-list of “Overseas New Energy Project Contract Value" with 1.205 billion inked.

In 2020, Shanghai Electric signed contracts on 16 overseas projects despite the COVID-19 blow, 13 of which were on new energy, such as the fifth phase of the Mohammed bin Rashid Al Maktoum solar field in Dubai, the waste-to-energy project at Grimsby, UK and the Yabuki photovoltaic project in Japan. In addition, Shanghai Electric was positioned at the 8th place in the sub-list of “2020 Overseas Power Transmission and Transformation Contract Value” with USD 116 million worth of contracts.

As a sizable high-end equipment manufacturer, Shanghai Electric has boosted energy transformation with digitalization in implementing the “Three-Step” strategy, taking new energy as one of the main drivers for its future development.

To date, Shanghai Electric has basically built up characterful advantages in new energy industry and digital infrastructure by expanding into solar and wind energy, biomass power generation, hydrogen, energy storage and distributed energy, and outlined its development path.