HK Stock Market Move | DATANG RENEW (01798) rises by more than 6%, considered gaining attention at the national strategic level of electricity cooperation. The company was selected for the 2.6GW Ningxia solar project targets.

DATANG RENEW (01798) rises more than 6%, as of the time of writing, up 6.15% to 2.07 Hong Kong dollars, with a trading volume of 42.181 million Hong Kong dollars. On the news front, recently, the phrase "implementing large-scale smart computing clusters, collaborative computing and electricity infrastructure" appeared for the first time in the government work report, raising the coordinated development of computing power and electricity to the national strategic level. It is understood that computing power demand is concentrated in the east, while green electricity resources are concentrated in the west. However, the construction cycle of computing power facilities is short, while the investment cycle of the power grid and new energy projects is long, leading to a mismatch between "computing power waits for electricity" or "electricity waits for computing power." This temporal and spatial mismatch is the core issue that needs to be addressed in collaborative computing and electricity. It is worth mentioning that on March 10, the Development and Reform Commission of Zhongwei City in Ningxia Autonomous Region released the "Public Announcement on the Competitive Selection Results of the Second Phase of the Zhongwei Big Data Computing Industry Green Electricity Park Project." China Datang Corporation Renewable Power Co., Ltd. ranked first and is planned to be the main implementer of the project. The second phase of the Zhongwei Big Data Computing Industry Green Electricity Park project includes a total of 2.6 million kilowatts of supporting new energy projects, including 600,000 kilowatts of photovoltaic projects and 2 million kilowatts of wind power projects.