Against the backdrop of the "dual carbon" goal, China's energy structure transformation and large-scale development of new energy are imperative. On October 10, 2023, Inner Mongolia Power Investment Energy Co., Ltd. issued a notice on the approval of the project to jointly develop the new energy base in the northeast of Ulanbuhe Desert with Mengneng Group. Power Investment Energy and Inner Mongolia Energy Group plan to cooperate in the development of the new energy base in the northeast of Ulanbuhe Desert. At present, the new energy base in the northeast of Ulanbuhe Desert has obtained approval from the National Development and Reform Commission and the National Energy Administration.

The planned total capacity of this new energy project will reach 12 million kilowatts, including 3.5 million kilowatts of wind power and 8.5 million kilowatts of photovoltaic power generation. In addition, supporting capacity expansion, renovation, and upgrading will be carried out at the original site of the surrounding power plants, increasing the coal power capacity by 4 million kilowatts as a supporting power source. At the same time, it is also planned to coordinate the construction of flexible resources such as new energy storage and solar thermal power generation.

The cooperation between Diantou Energy and Mengneng Group is of great significance. Mengneng Group is a renowned enterprise group in the energy field, with abundant resources and technological strength. Through cooperation between both parties, they can fully utilize their respective advantages, promote the smooth progress of the project, further consolidate the position of Electric Investment Energy in the energy industry, and expand its market share. In addition, this cooperation will also provide more opportunities and platforms for electric energy investment, which will help them carry out technological research and innovation activities in the new energy field.

The launch of this project will bring a large number of new energy installations, with wind and photovoltaic power generation becoming the company's main economic sources in the future. In addition, the company can effectively utilize existing resources and infrastructure by expanding and renovating the existing power plant, improve power generation efficiency, and reduce production costs. This has positive significance for the company to achieve sustainable development and optimize resource allocation. Editor/Zhao E