Zhitong Finance App News, Guangzhou Development (600098.SH) announced that in order to optimize the company's new energy industry layout and promote the high-quality development of the company's new energy industry, Guangzhou Development New Energy Group Co., Ltd. (“New Energy Group”), a wholly-owned subsidiary of the company, plans to invest in the construction of a 200MW/262 MWp terrestrial Centralized PV project in Guangzhou to develop Chongqing Qianjiang Chengdong, with a total project investment of about 733 million yuan.

Investing in the construction of the Qianjiang project will further expand the scale of the company's projects in the southwest region, form a scale effect, effectively improve operating efficiency, reduce operating costs, and promote the high-quality development of the company's new energy industry.

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