Tianjin Mingyuan Jiawang 100MW Wind Power Project Successfully Grid-Connected, Tianqi Hongyuan Adds Green Energy

On January 16, 2025, Tianjin Mingyuan Jiawang's 100MW wind power project in Jinghai Zhongwang Town successfully connected to the grid. As Tianqi Hongyuan's first wind power project undertaken in Tianjin, this milestone marks a significant breakthrough in the company's new energy market expansion across Tianjin and the Beijing-Tianjin-Hebei region. It further solidifies Tianqi Hongyuan's market position in the new energy sector and broadens its business footprint.

Environmental Benefits

The project fully leverages the abundant local wind resources, converting wind energy into mechanical energy and then into electricity. The entire production process requires no consumption of other conventional energy sources, produces no air, liquid, or solid waste pollutants, and generates minimal noise pollution. It delivers significant energy-saving benefits and environmental advantages. Annually, it reduces standard coal consumption by 100,000 tons, carbon dioxide emissions by 249,250 tons, sulfur dioxide emissions by 7,500 tons, and nitrogen oxides emissions by 3,750 tons. This provides a steady supply of green, clean energy to the Beijing-Tianjin-Hebei region, effectively alleviating environmental pressures on the power industry.

Economic Benefits

The successful grid connection of the Tianjin Mingyuan Jiawang Wind Power Project marks a significant milestone in Beijing Tianqi Hongyuan's journey toward new energy development. Building on this achievement, we will continue to embrace the development philosophy of innovation, coordination, green development, openness, and sharing, while intensifying our investment and R&D efforts in the new energy sector. The project is projected to generate 250 million kWh of electricity annually, delivering stable power sales revenue, providing sustained cash flow, and enhancing the company's financial stability and profitability. With the project's long-term stable operation, the company will achieve sustained returns, with the investment return rate expected to gradually increase, providing robust financial support for the company's long-term development.

Cooperation Opportunities

Following the successful grid connection, Tianqi Hongyuan has established strong cooperative relationships with local Tianjin government agencies and enterprises, creating favorable conditions for further collaboration in Tianjin and surrounding regions. This lays a more solid foundation for future integrated equipment manufacturing and R&D center projects in Tianjin, jointly advancing regional new energy development. We look forward to working hand in hand with Tianjin to expand cooperation across more sectors, striving together to promote regional green sustainable development and achieve carbon peak and carbon neutrality goals.