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Sinosynergy Joins Uxin Banner and Qingdao City Construction Investment (Group) Limited in Wind Solar Hydrogen Storage Project
Release time:2022-08-29
On the afternoon of August 20, “Linked” Ordos Greater Bay Area Investment Promotion Fair took place in Shenzhen, the first effort of Ordos to promote its investment opportunities in the Greater Bay Area. Du Huiliang, deputy secretary of the CPC Municipal Committee and mayor of the Municipal Government, and Hao Dangzheng, level 1 counsel of the Autonomous Region Department of Commerce, attended the event and delivered their speeches. Vice mayor Wang Xinyu and secretary-general Zhang Zhongzhi of the Municipal Government were present and vice mayor Miao Chengyu presided over the fair.

During the fair, Ordos presented to guests from the Guangdong – Hong Kong – Macao Greater Bay Area its achievements in high-quality socioeconomic development and its advantageous investment environment, rich industrial resources, profound cultural reserves and excellent natural landscapes in the hope to build a bridge of cooperation and mutual success between Ordos and the Greater Bay Area for closer, deeper and more extensive collaboration and exchange, for the discussion on more development and for the creation of a splendid future.

A signing ceremony was organized on the occasion for the introduction of key investment projects, where the People’s Government of Uxin Banner, Sinosynergy and Qingdao Chengtou New Energy Investment Limited signed a framework cooperation agreement on Uxin Banner Wind Solar Hydrogen Storage Project. According to the planning, the Uxin Banner Wind Solar Hydrogen Storage Project will have a total investment of about RMB 3 billion and acquire an installation capacity of 300 mW wind power, 100 mW photovoltaic power and 10,000 tons of hydrogen by electrolysis each year. The project as a representative of the new energy industry is well aligned to the national carbon peak and carbon neutrality objectives and serves as an effective route to the energy structure adjustment and the reduction of energy consumption and carbon emission.

Uxin Banner lies in the southernmost corner of the Inner Mongolia and in the southwest of Ordos. Vast in territory, beautiful in natural scenery and rich in coal resources, Ordos owns wonderful operation scenarios. In last June, Ordos published its Hydrogen Industry Development Plan which defines its targets by 2030: more than 1 million tons of renewable hydrogen per year, 20,000 hydrogen fuel cell vehicles and over 300 hydrogen stations.

Qingdao Chengtou New Energy Investment Limited is a new energy industry investor and operator under Qingdao City Construction Investment (Group) Limited. By the end of 2021, the group has invested more than 20 billion yuan in the new energy industry and invests in and operates more than 60 new energy power generation projects in 18 provinces across the country, registering a total installation capacity of 3 million kW (including 2.5 million kW in photovoltaic power generation).

The sighing of this cooperation agreement represents Sinosynergy’s new efforts to build an open cosponsored and sharing platform ecosystem. Qingdao City Construction Investment (Group) Limited and Ordos Transformation Development Fund are both important shareholders of Sinosynergy. The collaboration between the company and its shareholders will contribute to the transformation of the national energy structure and the achievement of the carbon peak and carbon neutrality objectives.
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