Core Viewpoint - Recently, Xinzhu Co., Ltd. announced the progress of its subsidiary's investment in the Xinlong project, indicating that due to grassland leasing issues, the planned 200 MW photovoltaic energy storage project in Xinlong County cannot obtain the necessary land ownership consent and authorization documents in the short term, leading to the government's request to terminate the project [1][3]. Group 1: Project Details - The Xinlong project is intended to have a total installed capacity of 200 MW and an estimated total investment of 103.165 million yuan, with approximately 21.160 million yuan sourced from the subsidiary's own funds, while the remaining funds will be secured through external financing [2][4]. - The subsidiary, Shengtian New Energy, was selected for both the Xinlong project and the Xiangcheng project, which has a capacity of 400 MW [2][4]. Group 2: Government Interaction - The Xinlong County People's Government is aware of the project's current status and challenges, and has requested Shengtian New Energy to initiate the termination of the project due to the impending expiration of the project filing in August 2026 [1][3]. Group 3: Financial Impact and Future Plans - The company anticipates that the termination of the project will not have a significant impact on its current financial status and operating results [2][4]. - Shengtian New Energy plans to actively seek alternative project sites through legal means and will comply with relevant procedures and disclosure obligations as the situation progresses [2][4].
因土地问题!四川200MW光储项目被迫终止