Summary by Moomoo AI
SHAN GAO XIN ENERGY GROUP CO., LTD. ANNOUNCED ON JANUARY 3, 2024 THAT THE 100MW FISHERY PHOTOSTORAGE INTEGRATED DEMONSTRATION PROJECT ANNOUNCED BY ITS NEXT JOINT VENTURE YIZHENG SHAN HIGH-TECH ENERGY GROUP CO., LTD. HAS BEEN SUCCESSFULLY APPROVED BY THE DEVELOPMENT AND REFORM COMMITTEE OF JIANGSU PROVINCE. Located in Liuji Town, this flagship project will not only provide clean energy generation and reduce carbon dioxide emissions, but is also expected to bring impressive fishing production value every year. This project will achieve resource integration, industry complementarity, and promote eco-friendly and efficient green industry cycles that will help drive regional economic development. The Company said that this successful acquisition of the project indicator fully reflects the Company's determination to become a core competitive domestic provider of new energy integrated solutions and will lay a solid foundation for the company's sustainable development in Jiangsu Province.