Tianjin Binhai Energy & Development plans to invest approximately 2.979 billion yuan in the construction of an integrated project for source network charging and storage.

Tianjin Binhai Energy & Development (000695.SZ) Announcement: The company's wholly-owned subsidiary, Inner Mongolia Xiangfu New Energy Co., Ltd., plans to invest in the construction of the source network energy storage integration project, with a total installed capacity of 580,000 kilowatts. The project is located in Shangdu County, Ulanqab City, Inner Mongolia Autonomous Region, with a total investment of approximately 2.979 billion yuan. The project is planned to be constructed in two phases. The project is divided into wind and solar storage and transmission and distribution parts. The project construction period is estimated to be 24 months, and it will be implemented in two phases, with the first phase planned to be from May 2025 to December 2025.