Our Group signed a strategic agreement with Jiangsu Guoxin Investment Group Limited to forge strategic alliance in Nanjing recently.
According to the strategic agreement, both parties will develop long-term cooperation based on the existing wind power projects and resources and capitalize on their respective strengths in renew energy field including wind, solar, etc for win-win development and mutual benefit.
Meanwhile, we also signed the agreement with Jiangsu Guoxin Investment Group Limited to set up a joined venture to develop the offshore wind power.
Jiangsu Guoxin Investment Group Limited is a large-scale state-owned enterprise and the authorized government investor with the total assets of RMB60 billion. Under substantial support of government, they have already invested in several large power projects and try to build an energy industry platform focus on electric power.
This cooperation will play an active role in speeding up our renewable projects development in eastern China.