On March 15, Shanghai Baosteel Xinchuangxiang Technology Co., Ltd. was established with a registered capital of 380 million yuan. Its business scope includes solar power generation technical services; photovoltaic equipment and components sales; wind power generation technical services; energy storage technical services, etc.

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The company is 100% owned by Baosteel Co., Ltd.

Data shows that Baosteel is the world's leading modern steel complex and the core enterprise of Fortune Global 500 China Baowu Steel Group Co., Ltd. In February 2000, Baosteel Co., Ltd. was exclusively founded by Shanghai Baosteel Group Co., Ltd.; in December of the same year, it was listed on the Shanghai Stock Exchange.

In April 2023, Baosteel's grain-oriented silicon steel was successfully used in the construction of the first phase of the water-light complementary power station in the world and the Kora photovoltaic power station project of the water-light complementary power station in Lianghekou Hydropower Station in the Yalong River.

The Kola Water-Light Complementary Power Station is located in Yajiang County, Ganzi Prefecture. The total investment of the project is 5.3 billion yuan. It consists of more than 2 million photovoltaic modules, more than 5000 inverters, and more than 300 box-type transformers. The installed capacity reaches 1 million kilowatts. It can provide approximately 2 billion kilowatt-hours of clean electricity every year, which can meet the annual electricity demand of 700,000 ordinary households. For the first time, the scale of the global "Water-Light Complementary" project has been increased to one million kilowatts.

The installed capacity of the project is expected to expand to more than 3 million kilowatts in the future. Together with the water, wind and light complementary power station in the entire Yalong River Basin, it constitutes the world's largest green, clean and renewable energy base.

responsible editor:Qingyun

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