Shanghai Electric Power: It plans to invest no more than 3.78 billion yuan to build the Shangdian Green Energy Fengxian No.1 offshore photovoltaic project.

Shanghai Electric Power announced that the fifth meeting of the ninth session of the Board of Directors will be held on September 9, 2025. The meeting will review and approve the investment decisions regarding the Upower Renewable Energy Fengxian 1 Offshore Photovoltaic Project and the Xinyuan Heilongjiang Mudanjiang 400,000-kilowatt Wind Power Project. The dynamic total investment with tax for the two projects is not more than 3.78 billion yuan and 2.261 billion yuan respectively. The Fengxian 1 offshore photovoltaic project is located in the sea area of Fengxian District, Shanghai, with an installed capacity of 500,000 kilowatts. It is the first batch of offshore photovoltaic pilot projects in Shanghai. The project will be constructed by Shanghai Electric Power Green Energy Co., Ltd., a wholly-owned subsidiary of the company, with a dynamic total investment not exceeding 3.78 billion yuan. The capital will account for 20% of the planned total investment, and the remaining part will be resolved in the form of loans. The Mudanjiang 400,000-kilowatt Wind Power Project in Heilongjiang is to be constructed by Xinyuan New Energy Co., Ltd., a wholly-owned subsidiary of the company, with a dynamic total investment not exceeding 2.261 billion yuan. The capital will account for 20% of the planned total investment, and the remaining part will be resolved in the form of loans.