Yunnan Energy Investment expands clean energy with storage project, solar acquisition

Yunnan Energy Investment announced the approval of a 350MW compressed air energy storage demonstration project in Kunming Anning, with a total investment of 1,871,670,000 yuan. This project, undertaken by its wholly-owned subsidiary Energy Storage Company, aims to enhance grid peak shaving and integrate large-scale new energy. The Energy Storage Company’s registered capital will increase by 372,000,000 yuan to 373,000,000 yuan to support this project, funded by the company's own capital.

Concurrently, the company is acquiring 100% equity of Huize Yunnan Energy Clean Energy Co., Ltd. from its wholly-owned subsidiary Yunnan Provincial Salt Industry Co., Ltd. for 1,799,600 yuan. Huize Company is the investment entity for the Huize Piga Ditch and Qiazi Photovoltaic Power Generation projects. Yunnan Energy Investment will also inject 81,100,000 yuan into Huize Company, raising its registered capital to 82,100,000 yuan.

These strategic moves underscore Yunnan Energy Investment's commitment to consolidating resources, optimizing governance, and strengthening its position in new energy development.