Shanghai Electric is exploring opportunities in the green economy and cultivating new impetus for low-carbon development. On July 15, the inauguration ceremony of Shanghai Electric New Energy Development Company was held in Shanghai. At the ceremony, the new energy strategy of Shanghai Electric Group was announced; collaborative projects on new energy were signed online with five partners; and strategic cooperation with more than ten financial institutions and industry partners on the financial ecosystem for new energy was launched.

China’s carbon peaking and carbon neutrality goals represent a profound socio-economic change, and realizing a zero-carbon society is the common pursuit of all humankind. As a world-class manufacturer of high-end equipment, Shanghai Electric actively builds a comprehensive new power system and three-dimensional, integrated solutions for net-zero industrial parks, striving to be a pioneer in achieving the carbon peaking and carbon neutrality goals. For its 14th Five-Year Plan, Shanghai Electric has established the “4+2+X” development strategy, specifying its orientation towards “4 plus 2” emerging fields supported by advanced technologies with a focus on “wind-solar-hydrogen-storage” integration.

The company is founded as an important initiative to implement the Group’s strategy during the 14th Five-Year Plan period and to achieve the national carbon peaking and carbon neutrality goals. It is established by Shanghai Electric Group and its subsidiary Wind Power Group with a joint investment of 3 billion yuan. Its vision is to be the most integrated, innovative, and life-cycle service provider for new energy integrated development. With a global perspective, the company will strive to gain a firm foothold in China by building a life-cycle service platform for new energy projects with “wind-solar-storage-thermal-hydrogen” multi-energy complementation and “generation-grid-load-storage” integration. The platform will provide a vital path for the high-quality development of the Group’s new energy business through a comprehensive solution with system optimization, simplified equipment and an intelligent control system as its core. Shanghai Electric will embrace openness, innovation and win-win cooperation, put emphasis on the dual drive from industry intelligentization and service industrialization, as well as the collaborative development of Energy Internet and Industrial Internet, work with government-owned parks, customers, investors, technology partners and financial institutions to empower global industrial development, and contribute to the better life of all humankind.

Li Zheng, Secretary of CPC Fengxian District Committee, Shanghai Municipality, and Leng Weiqing, Secretary of the Party Committee and Chairman of the Board of Directors of Shanghai Electric Group, delivered speeches at the ceremony. Together with Yuan Quan, Deputy Party Secretary and District Chief of Fengxian District, Liu Ping, Deputy Secretary of the Party Committee and President of Shanghai Electric, Zhang Shouchuan, President of Bank of China Shanghai Branch, Shou Weiguang, Secretary of the Party Committee and Chairman of the Board of Directors of Shanghai Guosheng Group and Chairman of the Board of Directors of Guosheng Capital, Jiang Lindi, Secretary of the Party Committee and Chairman of the Board of Directors of Shanghai Electric Power Construction, and Shi Shunhua, Vice President of China Merchants Bank and President of China Merchants Bank Shanghai Branch, they pressed the button to unveil the Shanghai Electric New Energy Development Company.

The ceremony was also attended by leaders of major banks, brokerage firms, trusts and other financial institutions, media guests and leaders of Shanghai Electric Group.