Shanghai Electric New Energy Development Established To Accelerate the Expansion of Green & Low-carbon Business – QNT Press Release

SHANGHAI, July 22, 2022 /PRNewswire/ — The inauguration ceremony of Shanghai Electric New Energy Development Co., Ltd. was held on July 15marking the accelerated expansion and growth of Shanghai Electric’s green, low-carbon business.

During the ceremony, Shanghai Electric Group announced its renewable energy roadmap alongside agreements with five partners to jointly develop renewable energy projects, in addition to establishing strategic partnerships with over ten financial institutions and industry partners to build a financial ecosystem for the renewable energy sector.

Shanghai Electric, a leading global integrated manufacturer of high-end equipment, has been building new comprehensive power systems and a complete solution for futuristic zero-carbon industrial parks in a move to take the lead in helping the Chinese government achieve its de-carbonization goals .

The Chinese government’s carbon peak and carbon neutral policies, also known as the dual carbon goals, is a systemic change that is expected to have a broad and profound impact on both the economy and the whole of society while building a zero carbon society.

As a response to China’s 14th Five-Year Plan, the company has developed a roadmap that focuses on the development of wind, solar, hydrogen and storage energy projects, alongside industrial intelligence, high-end medical equipment, and other new businesses.

The establishment of the renewable energy entity is a vital step in the…

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