GEPIC(SZ:000791) Zheng Quan Shi Bao·2025-09-03 18:13Core Viewpoint - Gansu Energy plans to invest in a 1 million kW integrated wind and solar power project in Minqin, with a total dynamic investment of 4.089 billion yuan, aiming to expand its renewable energy generation capacity and respond to national policies promoting renewable energy development [1] Investment Project Summary - The project includes the construction of a 500 MW wind power plant and a 500 MW solar power plant, with a total construction period of 24 months [1] - The total installed capacity of the project is 1,000 MW, with expected annual average electricity generation of 1.099 billion kWh from wind and 1.015 billion kWh from solar [1] - The investment payback period (after tax) is estimated at 14.91 years, with a financial internal rate of return on capital of 6.76%, indicating a certain level of profitability [1] Strategic Objectives - The investment is a significant step for Gansu Energy to enhance its renewable energy generation capacity, increase the proportion of renewable assets, and boost electricity generation and revenue from power generation [1] Current Business Overview - Gansu Energy's main business includes thermal, hydro, wind, and solar power generation, with no electricity sales business [2] - As of mid-2025, the company has a total installed capacity of 7.5397 million kW, including 4 million kW of thermal power, 1.7002 million kW of hydro power, 1.1035 million kW of wind power, and 736,000 kW of solar power [2] - The company reported a total electricity generation of 12.637 billion kWh in the first half of the year, remaining stable compared to the same period last year, with a total electricity sales volume of 12.16 billion kWh [2] - The market transaction volume accounted for 99.19% of total sales, increasing by 1.31 billion kWh compared to the previous year [2]