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Special Electricity 1.2 billion investment in wind energy solar energy projects

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Release time:

2019-05-30

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In the new energy field over-investment led to overcapacity in the background, TBEA is contrarian in the contrarian expansion, the company intends to spend nearly 1.2 billion yuan in Xinjiang to build wind energy, solar power stations.

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(Hereinafter referred to as the new energy company) to be designed to build a large-scale scenery of the Turpan and deserted grid demonstration project, Golmud 20MW photovoltaic power plant project, the total investment were To $ 950 million and $ 226 million.

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Among them, the new energy company intends to its subsidiary Turpan Special Electric New Energy Co., Ltd. as the main investment Turpan project, the project plans to build 50MW wind farm and 50MW photovoltaic power plant. The construction period of the project is 12 months, the operation period of the PV power station is 25 years, the operation period of the wind power station is 20 years, and the internal rate of return of the comprehensive capital of the project is expected to be 10.7%.

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In addition, the new energy company intends to its subsidiary Golmuder transformer new energy limited liability company as the main investment in Qinghai Golmud region to invest in the construction of 20MW photovoltaic power plant project, the project construction investment of about 226 million. The construction period of the project is 6 months, the operation period of the PV power station is 25 years, and the internal rate of return of the project capital is 14.6%.

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Due to the overall decline in the industry environment, especially in the new energy business downturn, the first three quarters of TBEA owners attributable to the parent company net profit of 791 million yuan, down 22%. But the company is still optimistic about the prospects for the development of new energy business, this time in the solar energy, wind energy and resource-rich Xinjiang and Qinghai to build the project, it is the company to expand the performance of the block to expand the business.

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"Because of primary energy, fossil energy is always exhausted one day. We are confident in the industry." Transformers chairman Zhang Xin said to the media.

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