Ge Long Hui A P P·2025-12-30 12:27Core Viewpoint - *ST Baoshi (000595.SZ) announced the development of a 1 million kW photovoltaic composite project by its subsidiary Ningguo Yun New Energy (Lingwu) Co., Ltd., which is connected to the newly operational Xiaoguan 330kV substation as of June 28, 2025 [1] Group 1: Project Details - The project requires the installation of three 50MVar distributed phase-shifting devices on the 35kV side of the Xiaoguan 330kV substation as per the requirements from State Grid Ningxia Electric Power Co., Ltd. [1] - The company has decided to implement the investment in phases, with plans to first invest in one 50MVar distributed phase-shifting device in 2026 [1] Group 2: Financial Aspects - The total static investment for the phased phase-shifting device is estimated at 57 million yuan, while the dynamic investment totals 58.5 million yuan [1] - Funding sources for the project will include the self-owned funds of Ningguo Yun New Energy (Lingwu) Co., Ltd. and financing from financial institutions [1]