Vigorous efforts to tap into renewable energy underpin the green and low-carbon development and are a priority in the fulfillment of carbon peak and carbon neutrality. The Action Plan for Carbon Dioxide Peaking Before 2030 calls for developing hydropower engineering in line with local conditions and pushing ahead with the construction of hydropower plants. Hydropower, a key project in the renewable energy industry, serves as an important driver for energy transition and has far-reaching significance for the development of the real economy in a green, low-carbon and high-quality manner.
CDB Leasing has worked hard to seize the opportunities for the green leasing business against the backdrop of in pursuit of carbon peak and carbon neutrality, and established an explicit strategy for its hydropower business through analysis of hydroelectric resources in the Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area) and market surveys on the hydropower industry. This July, CDB Leasing provided financial leasing services for the hydropower plant and the photovoltaic power plant of Dongjiang River Hydro-junction Project contracted by an electric power company in Guangdong Province. Situated at the lower main stream of the Pearl River, the project is to equip four generator sets in its power plant, with a designed annual average power generation of 270 GWh. A combined population of more than 24 million across Hong Kong, Shenzhen and Dongguan is reliant on the Dongjiang River, an important main stream of the Pearl River, for the domestic and production water supply. Once completed, the project will further improve the water quality of the Dongjiang River, add power supply to the region, help boost tourism, and make maritime conditions, urban water supply and farmland irrigation in the Greater Bay Area increasingly favorable.
CDB Leasing, which continued to ramp up efforts in green leasing over the recent years, has helped clean energy power plant projects raise a combined RMB27,753 million worth of funds in the past three years. As at the end of this July, the installed capacity in new energy power plants, including wind, photovoltaic, photo-thermal and hydropower plants, has totaled 6.04GWh. This year, the Company has newly set up an electrochemical energy storage system with an installed capacity of 20MWh to make concerted progress in varied forms of green and renewable energy.
In line with its development planning, CDB Leasing will respond actively to policies and calls from the industry, uphold the essence of leasing and stretch its strengths to continuously diversify its services in clean energy and green finance and contribute more to achieving the sustainable development, and the green and low-carbon transformation.