Core Viewpoint - Hunan Development has signed an investment intention agreement with the Jiahe County government to invest approximately 2.4 billion yuan in a photovoltaic power generation project, with a planned capacity of 800MW, to be constructed in phases from 2026 to 2029 [1] Group 1: Investment Agreement - The agreement allows Hunan Development to be one of the investment and development entities for the photovoltaic project in Jiahe County [1] - The total investment for the photovoltaic project is estimated at around 2.4 billion yuan, with the final construction scale to be determined based on land characteristics [1] Group 2: Company Operations - Hunan Development primarily engages in the investment, development, construction, and operation management of clean energy projects, including hydropower and photovoltaic power [2] - As of mid-2025, the company operates three hydropower stations and four distributed photovoltaic power stations in Hunan, with a total controllable installed capacity of 244,500 kW [2] Group 3: Recent Developments - In June 2023, Hunan Development's wholly-owned subsidiary planned to invest in a distributed photovoltaic project on the rooftop of Xiangke Building in Changsha, with a static total investment of approximately 2.1 million yuan [2] - The company is also planning to acquire controlling stakes in four hydropower stations from Hunan Energy Group Power Investment Co., with a transaction value of 1.512 billion yuan, which will enhance its hydropower capacity and strengthen its leading position in Hunan's clean energy sector [2][3]
湖南发展与嘉禾县签署意向协议拟24亿元投建光伏发电项目