On May 29, Guolian Stock reported that according to the Jilin Electric Power's new energy development strategy, in order to promote the sustainable development of the company and continuously enhance the company's profitability, Shandong Jidian New Energy Co., Ltd., a wholly-owned subsidiary of the company's wholly-owned subsidiary Shandong Shengji New Energy Co., Ltd., plans to invest in and construct the first batch of three 420MW photovoltaic projects of the Weifang wind-solar energy storage and complementary experiment project in Shandong. The dynamic investment of the project is 2.19093 billion yuan.
The dynamic investment of the project is 2,190.93 million yuan, the average annual utilization hours are 1,491.3 hours, the comprehensive electricity price is 0.335 yuan/kWh (tax included), the internal rate of return of capital is 9.44%, and the investment recovery period (after tax) is 13.59 years.