Jinan Shengquan Group Share Holding (605589.SH) subsidiary plans to invest 1.78 billion yuan to build the Durbat Nangyang 300MW wind power project.

Announcement from Jinan Shengquan Group Share Holding (605589.SH): In line with the company's development strategy to promote enterprise transformation and upgrade, and enhance the company's market competitiveness, the company's subsidiary, Daqing Shengquan Green Wind Power Co., Ltd., is planning to invest 1.78 billion yuan to construct the Du'erbot Nanyang 300MW wind power project. Wind energy is a clean and renewable energy source, and the development of wind energy aligns with the country's environmental protection and energy conservation policies. The development and construction of wind power projects can effectively reduce the consumption of conventional energy resources, especially coal, and protect the ecological environment. The aforementioned project conforms to the national industrial restructuring and development direction, aligns with the company's long-term development strategy, and is of positive significance for energy conservation, emission reduction, improvement of energy structure, and sustainable development. It has good social and economic benefits, and the project is feasible.