Gelonghui, April 15, 丨 China Electric Power (02380.HK) announced that on April 15, 2024, Xinyuan Smart Storage (a subsidiary of the company), as the seller, signed a BESS sales contract with Shandong Ludian. According to this, Xinyuan Smart Storage will provide energy storage system equipment and components and related services for the Atacama project at a cost of RMB 382 million.
The Atacama project refers to Shandong Ludian's 110 MW/220 MW energy storage project located in Tira-Amarilla, Copiapo Province, Chile.
Providing equipment, spare parts and services related to energy storage systems for the Atacama project will help Xinyuan Smart Storage enter overseas markets and accumulate strength in the field of energy storage, help the Group build a comprehensive new energy supply chain, and meet the Group's strategic goal of transforming into a green and low-carbon energy supplier and service provider. Furthermore, the Group plans to enhance the profitability of the energy storage sector through diversified energy storage project development and overseas market expansion.