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On March 27, 2024, C&D Inc (600153. SH) announced the official commencement of construction for the integrated project of the 0.34MW Xiamen National Institute of Accounting Distributed Photovoltaic Power Station and Charging Pile under C&D Emerging Energy Co., Ltd. Located within the scenic Xiamen National Institute of Accounting, the project covers an area of 1650 square meters, including 450 square meters of roof area and 1200 square meters of carport area (BIPV). The project has a capacity of 0.34 megawatts. The power station consists of 586 pieces of 580W/panel high-efficiency monocrystalline silicon solar modules and 3 units of 125KW inverters, utilizing a 380V low-voltage grid connection distribution system. The project adopts the "self-generation for self-use" model, essentially achieving 100% self-consumption.   According to calculations, it is estimated that the average annual electricity generation after the completion of the project could reach 373,000 kWh, saving approximately 134 tons of standard coal per year and reducing carbon dioxide emissions by about 371 tons, thus demonstrating significant social, economic, and environmental benefits.   Xiamen National Institute of Accounting (a research institute directly under China's Ministry of Finance) is an important training base for high-level financial and accounting talents in China. It is the location of the "Belt and Road" Financial and Economic Development Research Center and ESG Research Center initiated by the Chinese government. It is a modern, intelligent, and landscaped training, teaching, and research institution with international standards, dedicated to promoting the concept of green energy and sustainable development.   By collaborating with Xiamen National Institute of Accounting, C&D Emerging Energy Co., Ltd responds to the national dual-carbon policy, fully utilizes roof resources and abundant solar energy resources for photovoltaic power generation, jointly undertaking the social responsibility of energy conservation and emission reduction, and establishing a positive corporate and university image.   The groundbreaking of the 0.34MW photovoltaic power station project at Xiamen National Institute of Accounting signifies C&D Emerging Energy Co., Ltd's firm step forward in the construction of distributed photovoltaic power stations. In the future, C&D Emerging Energy Co., Ltd will continue to delve into the investment and development of distributed photovoltaics and other new energy fields, making unremitting efforts to create a green living environment and contribute to the nation's goals of peak carbon emissions and carbon neutrality.   Located within the scenic Xiamen National Institute of Accounting, the project covers an area of 1650 square meters, including 450 square meters of roof area and 1200 square meters of carport area (BIPV). The project has a capacity of 0.34 megawatts. The power station consists of 586 pieces of 580W/panel high-efficiency monocrystalline silicon solar modules and 3 units of 125KW inverters, utilizing a 380V low-voltage grid connection distribution system. The project adopts the "self-generation for self-use" model, essentially achieving 100% self-consumption.   According to calculations, it is estimated that the average annual electricity generation after the completion of the project could reach 373,000 kWh, saving approximately 134 tons of standard coal per year and reducing carbon dioxide emissions by about 371 tons, thus demonstrating significant social, economic, and environmental benefits.   Xiamen National Institute of Accounting (a research institute directly under China's Ministry of Finance) is an important training base for high-level financial and accounting talents in China. It is the location of the "Belt and Road" Financial and Economic Development Research Center and ESG Research Center initiated by the Chinese government. It is a modern, intelligent, and landscaped training, teaching, and research institution with international standards, dedicated to promoting the concept of green energy and sustainable development.   By collaborating with Xiamen National Institute of Accounting, C&D Emerging Energy Co., Ltd responds to the national dual-carbon policy, fully utilizes roof resources and abundant solar energy resources for photovoltaic power generation, jointly undertaking the social responsibility of energy conservation and emission reduction and establishing a positive corporate and university image.     The groundbreaking of the 0.34MW photovoltaic power station project at Xiamen National Institute of Accounting signifies C&D Emerging Energy Co., Ltd.'s firm step forward in the construction of distributed photovoltaic power stations. In the future, C&D Emerging Energy Co., Ltd will continue to delve into the investment and development of distributed photovoltaics and other new energy fields, making unremitting efforts to create a green living environment and contribute to the nation's goals of peak carbon emissions and carbon neutrality.

On November 28th, local time, PowerChina subsidiary, China Hydro (Malaysia) Limited, officially signed an EPC turnkey contract with Malaysia's Selangor Renewable Energy Sdn Bhd for the Perak Floating Photovoltaic Power Generation, Green Hydrogen Production, and Hydrogen Storage Integration Project in Malaysia.   Before the signing ceremony, both parties engaged in friendly discussions, reaching a consensus on further integrating advantageous resources and achieving mutually beneficial cooperation. Ye Haoliang, Assistant General Manager and Deputy General Manager of the Asia-Pacific Regional Headquarters of China Hydro (Malaysia) Limited, expressed that the project's planned construction involves the secondary development and utilization of abandoned tin mine lakes, aligning well with the direction of "ecological priority and green development," and holds significant importance for Malaysia's achievement of green and low-carbon transformation. China Energy will leverage its strengths, actively organize resource input, and expedite the project's completion to contribute to Selangor Renewable Energy becoming a pioneer in Malaysia's green hydrogen industry. Sasyr Mohamed Issa, Chairman of Selangor Renewable Energy, expressed appreciation for China Energy's robust capabilities in the field of new energy, looking forward to successful collaboration on this project.     The project, located in Perak, Malaysia, encompasses the design, procurement, and construction of floating photovoltaic, hydrogen production units, and hydrogen storage units. Once completed, it will become Malaysia's first large-scale green hydrogen production project utilizing floating photovoltaic power generation. The successful bid and contract signing mark another breakthrough for China Energy in the Malaysian market, demonstrating its leadership in the fields of photovoltaics and hydrogen energy. This achievement is a significant outcome in the practical implementation of the high-quality construction of the "Belt and Road" initiative, showcasing China Energy's leading advantages in the integration of the entire new energy industry chain.

On the first weekend of November, colleagues from C&D Emerging Energy's "Yiguang Xingneng" gathered at the warm autumn sunshine, coming together at Taihu for internal discussions and team-building activities.   On the first day's business meeting, a review of the business team's growth journey and performance achievements was conducted. During the meeting, both new and experienced employees shared their experiences, and business training was provided for all team members.     During the business training session, the head of the residential photovoltaic business department provided a detailed analysis of how to understand customer psychology and use marketing strategies to attract and retain customer groups in the ever-changing market environment. The knowledge and skills shared in this session offer valuable insights and serve as a reference, encouraging us to better serve customers and the market. During the meeting, the Deputy General Manager of C&D Emerging Energy summarized the outcomes of the conference. The thriving development of the business is inseparable from the wholehearted commitment of each partner. Through internal discussions, not only was the team's morale boosted, but it also strengthened the cohesion and sense of purpose among all partners.   After work, there was also a relaxing and enjoyable frisbee activity. The frisbee, a simple flying disc, served as a touchstone for teamwork. In this activity, we set aside our work-related labels, and only the frisbee soared freely in the air. As the frisbee flew back and forth, our hearts soared with it, and collaboration and trust grew silently. Eating is also an important part. After the dual stimulation of mental and physical activities, it was time for dinner. Enjoying good food and light, we not only shared delicious meals but also shared stories and laughter. Meanwhile, songs accompanied the crackling of the bonfire. Colleagues encouraged each person who took the stage, supporting every attempt with applause and cheers. This session allowed us to see different facets of each individual, bringing our hearts even closer together.     The curtain falls on this event. In this autumn rendezvous, we transcended the boundaries of the workplace, promoting communication and understanding through discussions and team-building activities. More importantly, we found our place in the team and clarified common goals. Thanks to each colleague who participated in the team-building, it is your passion and dedication that made this event meaningful. In the future, let us move forward hand in hand, unite the new forces, and create new achievements together!  

The Indian Agricultural Photovoltaic Alliance (IAA), consisting of 12 organizations, aims to promote the integration of solar energy and agriculture in India. As a predominantly agricultural nation with ambitious renewable energy goals, India requires substantial land for the installation of solar facilities. To address this challenge, the combination of solar panels with agriculture, forming agricultural photovoltaic power generation, appears to be an ideal solution.The emergence of IAA is geared towards advancing this initiative, which was proposed during the Indian Agricultural Photovoltaic Summit. With support from the Indian Climate Cooperation Organization and the Bloomberg Philanthropies Foundation, IAA will coordinate the value chain of agriculture and solar energy, with the National Solar Energy Federation of India (NSEFI) serving as the alliance's secretariat. The alliance aims to develop commercial models for agricultural power generation, research socio-economic impacts, and enhance the synergy between agriculture and solar energy. Agricultural power generation has the potential to save water, increase farmers' income, and become an economically viable sector for electricity generation. Deepak Gupta, the Director General of NSEFI, believes that IAA is a crucial step for India to promote sustainable energy development, coordinate agriculture and solar energy, and achieve a cleaner and more resilient future."The establishment of the Indian Agricultural Photovoltaic Alliance is a crucial step for our country towards sustainable energy development," said Deepak Gupta, Director General of NSEFI. "Agricultural power generation is not just a technology but a commitment aimed at coordinating agriculture and solar energy, creating a greener and more resilient future. The alliance will contribute to realizing this collaboration, fostering innovation, and driving India's transition to a cleaner and more sustainable energy landscape."The guiding organizations of IAA include NSEFI, the Council on Energy, Environment and Water (CEEW), the Central Arid Zone Research Institute (CAZRI), the Center for Study of Science, Technology and Policy (CSTEP), the International Water Management Institute (IWMI), the Indian Society of Agricultural Engineers (ISAE), the Indian Council of Food and Agriculture (ICFA), The Energy and Resources Institute (TERI), the India Germany Energy Forum (IGEF), the Skill Council for Green Jobs (SCGJ), the Institute for Sustainable Energy Policy (ISEP), and the Shakti Sustainable Energy Foundation.  

According to a research report recently released by the research firm Rystad Energy, the scale of installed photovoltaic systems in Europe is experiencing rapid growth. As of October this year, the cumulative installed capacity of photovoltaic systems has already matched the total installed capacity of the previous year, with the newly added photovoltaic system capacity expected to increase by 30% year-on-year. By the end of this year, the installed capacity of photovoltaic systems is projected to exceed 58 GW. After briefly ceding the top position to Spain last year, Germany is in the process of reclaiming its leading position in the European photovoltaic market. It is expected to have an annual growth rate of 84% this year, with a record-breaking installed capacity of 13.5 GW for photovoltaic systems in the country. Meanwhile, despite achieving record-breaking results in 2022, Spain is facing challenges in maintaining its growth momentum this year.   Poland and the Netherlands are other major photovoltaic markets in Europe, and the growth of their photovoltaic markets is being driven by a significant increase in the installation of rooftop photovoltaic system capacity. It is projected that rooftop photovoltaic system capacity installed in Europe this year will account for 70% of the total photovoltaic system installed capacity.   In contrast to the success story of the photovoltaic market, Europe's wind power generation, including onshore and offshore wind, is facing potential obstacles to its expansion, despite previous strong growth.   Due to permitting bottlenecks and rising supply chain costs, Rystad Energy predicts that the installed capacity of onshore wind facilities in Europe will decrease by 11% in 2023 compared to the previous year. The installed capacity of offshore wind facilities is expected to grow this year, but due to some project delays, the increase is projected to be only 2%. According to a research report released by Bloomberg New Energy Finance (BNEF), driven by the declining prices of photovoltaic components and the rapid construction of photovoltaic projects in China and other regions, the global installed capacity of photovoltaic systems is expected to increase by 56% in 2023, reaching a record level of nearly 400 GW.   The International Energy Agency (IEA), in its report titled "World Energy Outlook" released in early October this year, stated that in this year alone, the installed capacity of renewable energy power generation facilities globally will exceed 500 GW, with $1 billion being invested in photovoltaic deployment every day.   According to the IEA's report, by 2030, in the Stated Policies Scenario (STEPS), the installed capacity of renewable energy power generation facilities will account for 80% of the total energy facility capacity, with photovoltaic systems alone constituting over half of it.   Photovoltaic systems have become a significant global industry and are set to reshape the electricity market even within the Stated Policies Scenario. However, considering manufacturing plans and the competitiveness of this technology, there is ample room for further growth.  

On October 20, 2023, the 2023 Asia-Pacific New Power System and Energy Storage Technology Exhibition opened at the Xiamen International Convention and Exhibition Center. This exhibition brought together nearly a hundred leading energy and power companies, fully showcasing new technologies, new products, and new concepts from both domestic and international companies in the fields of energy transformation, clean and low-carbon development, and energy storage.   During this exhibition, C&D Emerging Energy appeared at booth C3T005, showcasing their new energy full industry supply chain solutions and distributed photovoltaic system solutions. Huang Wenzhou, the Secretary of the C&D Group Party Committee and Chairman, Xu Jiana, Party Committee Member and Vice General Manager of C&D Corporation, and other relevant leaders visited the exhibition to provide on-site guidance.   C&D Emerging Energy focuses on three core industries: Photovoltaics, Lithium batteries, and Energy storage. They deeply understand market demands, concentrate on resource integration, collaborate closely with partners, and expand their industrial chain layout. They connect with the upstream, middle, and downstream sectors of the industry to offer a one-stop "LIFT supply chain service" (which stands for "Logistics," "Information," "Finance," and "Trade").   In this exhibition, C&D Emerging Energy showcased its new subsidiary brand in the distributed photovoltaic sector, "YiGuangXingNeng." YiGuangXingNeng focuses on the distributed photovoltaic market and has established a comprehensive system that includes product development, market sales, installation and after-sales service, and intelligent operation and maintenance. They offer residential photovoltaic systems, commercial and industrial photovoltaic systems, and whole-county or centralized convergence photovoltaic system solutions.   At the exhibition site, C&D Emerging Energy attracted numerous exhibitors and visitors. Partners from the new energy supply chain and distributed photovoltaic teams warmly provided information and solutions to industry customers with different needs, showcasing flexible, innovative, and customized solutions. Their professional services were well-received.    

From May 24th to 26th, the 16th International Solar Photovoltaic and Smart Energy Exhibition & Conference (SNEC 2023) was held in Shanghai. C&D Corporation (600153.SH), a wholly-owned subsidiary of C&D Group, showcased its innovative LIFT supply chain service system for the new energy (solar and lithium battery) industry under the name "C&D Emerging Energy". The company also signed strategic cooperation agreements with Changjiang Green Energy Investment (Shanghai) Co., Ltd. and Jiangsu Shunfeng Photovoltaic Technology Co., Ltd.   In the future, C&D Emerging Energy will accelerate its internationalization efforts, focus on specialized operations in the new energy field, and provide diverse and efficient customized supply chain solutions to global customers. This will contribute the C&D energy to a better and greener lifestyle.  

On April 14th, the President of the Agricultural Bank of China, Fu Wanjun, along with his delegation, visited our company. Huang Wenzhou, Secretary of the Group Party Committee and Chairman, provided a detailed introduction of the company's industrial layout and business development to President Fu Wanjun and his delegation. President Fu Wanjun expressed the intention to leverage the strengths of the Agricultural Bank of China and further deepen the cooperation between the two sides in various areas, including supply chain business, investment banking, and international business, to promote mutual development.

On August 2, 2023, the Fortune Global 500 list was released, and C&D Group ranked 69th, rising 8 places from its position in 2022. This marks the company's seventh consecutive year on the list.   C&D Group's main businesses currently include supply chain operations, urban construction and operations, tourism and exhibitions, healthcare, and investments in emerging industries. It owns two A-share listed companies (C&D Co., Ltd. 600153.SH and C&D Hengcheng Co., Ltd. 603909.SH) and three H-share listed companies (C&D International Holdings Limited 01908.HK, C&D Property Services Holdings Limited 02156.HK, and C&D Xinsheng Holdings Limited 00731.HK). The group also has investments in other enterprises, such as a 50% stake in Junlong Life Insurance and a 34% stake in Xiamen Airlines.   In the future, C&D Group will continue to adhere to the guidance of Xi Jinping's thought on socialism with Chinese characteristics for a new era. It will persist in driving development through reform and innovation, actively explore the path of high-quality development for the enterprise, and make greater efforts to contribute to the realization of a Chinese-style modernization.

The significance of Power Purchase Agreements (PPAs) for businesses is steadily growing. As a central component of the future European market design, PPAs offer companies the opportunity to strengthen additional investments in the energy transition, mitigate price risks, and support the decarbonization of production. The Renewable Energy Market Offensive reveals the key areas that need to be addressed now to rapidly and robustly develop the PPA market in Germany.   Berlin, July 10, 2023. Power Purchase Agreements (PPAs), also known as "green power supply contracts," enable companies to purchase renewable energy directly from producers at a pre-agreed price over the long term. This not only strengthens additional investments in the expansion of renewable energies but also provides planning security for the producers. The reform of the European electricity market aims to structurally strengthen the PPA market. PPAs are intended to become a central source of financing for renewable energies. Member states are called upon to actively support this market development.   The impetus paper "Green PPAs in Germany: Where are we and what needs to be done now?" of the Renewable Energy Market Offensive shows the current state of the market and the timely impulses that must be set for green and cost-effective electricity. In their paper, the Renewable Energy Market Offensive identifies nine central action areas in the fields of market design, investment security, and business models that must be addressed to strengthen the energy transition and transformative industrial policies.   Tibor Fischer, Head of Renewable Energies at the German Energy Agency (dena) and spokesperson for the Renewable Energy Market Offensive, states: "PPAs are a key instrument for companies aiming for a sustainable and climate-friendly energy supply. It is now crucial to set the right market signals and make clear accents for market-driven expansion. Our impetus paper shows what has been achieved so far and which central measures can quickly strengthen the business model."     Market Design: Strengthening the PPA market through rapid implementation of EU requirements The upscaling of the PPA market depends on a comprehensive framework and the interplay of supported expansion. To strengthen the PPA market, the EU funding requirements must be implemented quickly. It is essential to ensure that the interaction with the existing market premium models and future Contracts for Difference (CfDs) does not weaken PPA marketing. Also, regarding the possible introduction of a bridge and industrial electricity price, market-driven expansion must not be jeopardized, and necessary capital must not be withdrawn from the PPA market.   Investment Security: Tax incentives and minimizing default risks From the perspective of investing companies and the current economic framework, it is essential to quickly receive tax incentives for investments while minimizing the risk of payment defaults. With regard to the mandatory financial reporting for many companies, it should be clarified that physical PPAs are considered financial derivatives permanently. In the long term, the current regulations for virtual PPAs should also be adapted at the European level.     Business Models: Promoting local power supply contracts Concerning specific business models, it is crucial to strengthen pooling models and local generation and consumption communities, establish origin certificates as a value component for producers and consumers, and minimize transaction costs by developing market standards, including for smaller market participants. Particular attention should be given to incentivizing local power supply contracts, for example, through lower grid fees.  

Berlin, March 21, 2023. The German Energy Agency (DENA) has today released an impetus paper that demonstrates how local, grid-bound energy infrastructures can meet the transformation towards climate neutrality. The paper was developed as part of the DENA Practice Dialogue on Integrated Energy Infrastructures, conducted by DENA in collaboration with EWE NETZ, Rheinische NETZGesellschaft, Stadtwerke München, and Stromnetz Hamburg. "The Practice Dialogue on Integrated Energy Infrastructures highlights the importance of forward-looking and coordinated planning of local networks for electricity, gas or hydrogen, and heat to achieve climate neutrality. Local energy network planning and regional energy scenarios are of great significance in this regard," says Andreas Kuhlmann, CEO of DENA. "Close integration of planning for different networks and coordination with municipal heat planning on the one hand and system development strategy on the other is crucial for the transformation of local infrastructures. Now it is important to create structures for cooperation among stakeholders."   The transition to climate neutrality requires significant changes and adaptations in energy infrastructures. Particularly at the local level, extensive electrification of heat supply and transportation, as well as the transition to climate-neutral energy carriers, necessitate significant adjustments to various energy networks. This includes the extensive expansion of electricity grids to integrate new consumers and renewable energy generation. While gas networks can be partially transitioned to use hydrogen, they will particularly undergo significant transformation at the distribution network level. Heating networks, especially in urban areas, require substantial expansion and decarbonization.   The necessary adjustments to networks present considerable challenges for network operators and municipalities. Investments in energy distribution networks are long-term assets for companies and require coordinated planning and implementation at the regional and local levels. Additionally, the stakeholder landscape in electricity and gas distribution networks, as well as in the heating network sector, is highly heterogeneous; different actor constellations and non-overlapping network areas further complicate targeted exchange. The Practice Dialogue has shown that a successful transformation requires clear target images for future energy supply at the local level, as well as a regulated exchange process between different network operators and municipalities. This allows for a coordinated and integrated planning of local infrastructures.     As part of the Practice Dialogue, five proposals were developed to enable the planning and implementation of necessary infrastructure adaptations: Regional energy scenarios can bridge national strategies and planning instruments such as the system development strategy with local instruments like municipal heat planning. Local energy network planning should complement the important instrument of municipal heat planning and expand it to encompass a cross-sectoral local strategy for the transformation of grid-bound infrastructures. This can establish binding transformation plans for local infrastructures. Establishing an energy coordination office within municipal administration can bring together responsibilities distributed among various specialized authorities, enabling efficient and integrated planning and implementation with network operators. Flexible electricity demand can optimize electricity grid expansion and make network operations more efficient. This requires advancing the digitization of distribution networks and creating the regulatory framework to activate flexibility potentials. The current regulatory framework for network operators must be further developed to enable sustainable network planning. Firstly, forward-looking planning should be better incentivized. Secondly, timely and appropriate solutions for the transformation and possible decommissioning of parts of the gas distribution network, along with their financing, need to be found.

SAN JUAN, PUERTO RICO— The U.S. Department of Energy (DOE) today announced up to $453.5 million from the Puerto Rico Energy Resilience Fund (PR-ERF) aimed at increasing residential rooftop solar PV and battery storage installations across the region, with a focus to reach and support Puerto Rico’s most vulnerable residents. This round of funding will provide consumer protection and education initiatives to support residents’ long-term use of solar systems as well as a Solar Ambassador Prize for community groups to help the Department identify and connect with eligible households – helping achieve Puerto Rico and President Biden’s goal of lowering energy costs with a resilient grid powered by 100% renewable energy.     “A future powered by renewables will offer the residents of Puerto Rico more energy security and more reliability—all while leaving households with cheaper bills to pay,” said U.S. Secretary of Energy Jennifer M. Granholm. “DOE is using every tool at our disposal to expand access to clean energy, especially for the communities most at risk, giving families the peace of mind knowing that their communities are resilient in the face of the climate crisis.   The Puerto Rico Energy Resilience Fund (PR-ERF)   In December 2022, President Biden signed the Fiscal Year 2023 Consolidated Appropriations Act into law, which included $1 billion to establish the PR-ERF to enhance energy resilience for Puerto Rico’s most vulnerable households and communities and help the Commonwealth meet its goal of 100% renewable energy by 2050. The development of the PR-ERF has relied heavily on local collaboration and feedback, including a formal Request for Information (RFI) released in February 2023, as well as Secretary Granholm consistent engagement with residents and stakeholders in the region consisting of strategic meetings, townhalls, and community listening sessions.     Today's funding opportunity announcement, which is the first available through PR-ERF and totals $450 million is designed to incentivize the installation of up to 30,000–40,000 solar PV and battery storage systems for very low-income single-family households that are either:     Located in areas that have a high percentage of very low-income households and experience frequent and prolonged power outages; or With a family member with an energy-dependent disability, such as electric wheelchair users or individuals who use at-home dialysis machines.   Potential applicants may include private industry, non-profit organizations, energy cooperatives, educational institutions, and State and local governmental entities. Funding will also support consumer protection efforts to provide residents receiving solar PV and battery storage installations with ongoing system education, training, and consumer protection support.