NORINCO International(SZ:000065)2024-07-18 10:26Group 1: Electricity Pricing and Market Dynamics - The electricity sales model for the Croatian Sene Wind Power Project is market-based through the Croatian Electricity Exchange, with seasonal price variations observed [1] - Average electricity prices have decreased due to lower demand in winter but have risen to approximately €100/MWh as summer demand increases [1] Group 2: Clean Energy Investment Strategy - North International aims to develop clean energy projects in Central and Eastern Europe, leveraging the demonstration effect of the Croatian Sene Wind Power Project [1] - The EU's 2030 renewable energy target is set at a legally binding minimum of 42.5%, with current renewable energy share at 22.1%, indicating significant growth potential [1] Group 3: Global Clean Energy Expansion Plans - The company views foreign investment in clean energy as a key driver for transformation and high-quality development, actively seeking opportunities outside Europe [2] - In Southeast Asia, particularly Indonesia, the company is exploring investments in waste-to-energy and geothermal projects, benefiting from a supportive regulatory environment [2] - In Africa, particularly in the Democratic Republic of the Congo, the company is addressing power supply challenges in mining areas by exploring clean energy projects [2] Group 4: Market Development in Mongolia - Mongolia is identified as a key market for long-term development, with a focus on clean energy projects to enhance economic cooperation with China [3] - North International plans to leverage its integrated service capabilities in mining and infrastructure to develop projects in Mongolia, including clean energy initiatives [3]