in the morning, thailand gm 4.99mw distributed photovoltaic power generation project officially started, which is the first overseas new energy project invested by hongdou power. the project is located in rayong industrial park, thailand, with an installed capacity of 4.99mw and a total investment of 20 million yuan. it is planned to be connected to the grid in april 2022. after the completion of the project, the annual power generation is expected to be 6757 mwh, 2700 tons of standard coal can be saved and more than 6700 tons of carbon dioxide can be reduced every year.
previously, the red one responded positively to the one belt, one road call, and has set up branches in malaysia and kampuchea. it has undertaken several electromechanical installation and equipment manufacturing projects locally, effectively promoting its own capacity building and equipment export, and boosted the company's gradual growth as a multinational enterprise both at home and abroad. the commencement of thailand gm's 4.99mw photovoltaic power generation project marks the formal layout of hongdou power's new energy investment business in the southeast asian market.
in terms of objective conditions, southeast asia has sufficient sunlight. taking thailand as an example, the annual average radiation is about 1400-1850kwh / m2, which has a good foundation for solar energy development. the solar photovoltaic power generation system installed in this area has high power generation efficiency and is expected to achieve better investment income and achieve mutual benefit and win-win results. under the background of increasing energy shortage, worsening environmental pollution and limited space for the development of energy industries such as thermal power, asean has set a renewable energy development goal to promote the development of renewable energy. it is planned that renewable energy will account for 23% of the overall energy supply by 2025. subsequently, hongdou power will give full play to its existing advantages, deeply study and judge the market, deeply cultivate the southeast asian market, participate in international production capacity cooperation around photovoltaic, electromechanical engineering, power operation and maintenance and other fields, resolve trade dispute barriers, and establish an all-round international production capacity cooperation model overseas from investment, technology, equipment to design, construction, operation and maintenance, so as to drive the whole chain of "china technology china standard china equipment china construction" is "going out", making overseas business a new performance growth point of the company.