Conch Cement to invest RMB5 billion to develop new energy businesses in 2022
2022-03-09 18:02:31 [Print]
Conch Cement announced on March 8 that the company has formulated an investment plan for the development of new energy business in 2022: In 2022, the company will invest RMB5 billion (USD792 million) in the development of new energy businesses such as photovoltaic power plants and energy storage projects to achieve full coverage of photovoltaic power generation in its subordinate plants
. It is estimated that by the end of 2022, the installed capacity of photovoltaic power generation will reach 1GW, with an annual power generation capacity of 1 billion kWh.