On December 13, Glonghui reported that GD Power Development (600795.SH) announced that the Changli offshore photovoltaic project is developed, constructed, and operated by its fully-owned subsidiary, GD Power Development Changli New Energy Development Co., Ltd. (referred to as "Changli New Energy"). The dynamic total investment of the project is 2,591.6445 million yuan, with a capital ratio of 30%, and the remainder will be funded through bank loans. Based on the dynamic total investment, the company will allocate capital of 777.4934 million yuan to Changli New Energy for the construction and operation of the Changli offshore photovoltaic project.
The Changli 0.5 million kilowatt offshore photovoltaic pilot project is a key preliminary project and major project in Hebei Province. It has obtained construction indicators and completed local filing, with key technologies and preliminary conditions in place. The economic feasibility is assured, and risks are controllable. The commissioning of the project will effectively relieve the power load pressure on the North China grid and contribute to the achievement of the "dual carbon" goals.