High-quality sales of self-sustaining photovoltaic power plant assets increased by nearly 450%

With the comprehensive advancement of the electricity market reform, the proportion of new energy participation in the electricity market will be further increased, which puts higher requirements on the power station assets held by new energy operators. Linyang Energy has rich experience in the research, design, development, construction and operation of photovoltaic power stations, and has high-quality project assets.

According to the announcement, during the reporting period, the new energy sector business of Linyang Energy was mainly based on three bases, and the construction was accelerated and the grid was connected. Power station sales business revenue of about 948 million yuan, an increase of about 450%.

In the first half of 2024, the new grid-connected scale exceeded 200MW, the new projects started exceeded 500MW, and the current projects under construction exceeded 1200MW.

By the end of June 2024, the company has accumulated more than 5GW of development and construction of photovoltaic power stations, more than 1.1GW of self-sustaining new energy power stations, more than 4GW of accumulated reserve photovoltaic projects, and more than 14GW of installed capacity of power station projects contracted for operation and maintenance.

While independently developing and investing in power station projects, in the first half of the year, the company signed strategic cooperation agreements with a number of industry partners such as CGN New Energy, Jiangxi Power Construction, State Power Investment Hubei Company, Jingneng International, China Electric Jianhua Research Institute, and Wuhe County People's Government, further consolidating the company's competitive advantages in the field of investment, operation and system integration of new energy power stations.

With the deepening of the "double carbon" goal, green electricity trading, green certificate management, carbon asset management have received more and more attention. During the reporting period, the company's Lianyungang Guannan Bailu Fei Exhibition 45MW parity photovoltaic power generation project achieved 23 million KWH of green electricity transactions, each KWH higher than the benchmark price of desulfurization coal 6.4 points.

The company's Anhui Suixi Yonghui 50MW affordable on-grid photovoltaic power generation project conducted a green electricity transaction of 30.9 million KWH with Anhui Neng Hui Selling Power Co., LTD., with each KWH higher than the benchmark price of desulfurization coal by 4.5 points, significantly increasing the comprehensive benefit of the power station. It is expected that the company's new scenery projects in the future will enjoy a variety of benefits such as green electricity trading, which will effectively improve the company's scenery project return on investment.

The smart sector is growing steadily, and the global market has repeatedly achieved good results

From January to June 2024, the revenue of Linyang Energy Intelligent sector continued to grow, providing stable cash flow for the steady development of the company. During the reporting period, Linyang Energy received frequent good news and achieved good results in the global market.

Among them, the company won a total of nearly 650 million yuan in the bidding of the State Network and the Southern Network, an increase of more than 40%. In the domestic market steady growth at the same time, the company actively layout global business, independent brand promotion results are remarkable, overseas business rapid improvement, accumulated orders of more than 1 billion yuan. At present, the company's products have covered more than 30 countries and regions around the world, and established a good brand image and competitive advantage in the global smart meter market.

During the reporting period, Linyang Energy continued to promote digital, intelligent and information transformation, and build a digital factory with agile and lean manufacturing. At the same time, the company continues to increase investment in and support for technology research and development, and has established a market-oriented technological innovation system that combines production, university and research. The company participated in the Key Technology and Application of Real-time Backup and Safe regulation of Flexible adjustable Resources on the Provincial Demand Side and won the first prize of State Grid Zhejiang Electric Power Company; Its subsidiary Nanjing Linyang was rated as a special small and medium-sized enterprise in Jiangsu Province. Newly joined China Intelligent Power Distribution and Internet of Things Innovation Alliance.

In addition, the company actively participates in the discussion and preparation of IEC related international standards, national standards and national South network technical specifications, and participates in the formal release of the standard "GB/43973-2024 Sensing Device for non-interventional Load Monitoring (NILM) system" drafted, while carrying out new technology research and new product platform development in related fields in advance. Provide momentum for the sustained prosperity and sustainable development of the industry.

Energy storage orders accelerated landing, and overseas implementation of the "3+2" strategy

In the first half of 2024, Linyang Energy Energy storage orders have accelerated and completed the supply and order delivery of more than 100 megawatt energy storage projects.

Among them, CGN Jiangsu Rudong 200MW/400MWh shared energy storage power station project, Anhui Wuwei 100MW/200MMh shared energy storage project completed supply, Anhui Wuhe Landscape Storage Integrated Base Phase II energy storage 54MW/108MWh project, Qidong Yongqing 80MW/160MWh project, Anhui Hainan Wenchang 25MW/50MWh project successfully realized grid connection.

The company firmly grasped the explosive growth opportunities of new energy supporting energy storage and grid side energy storage market, and fully promoted the rapid development of energy storage business. Since the beginning of this year, the company has continued to accelerate the in-depth cooperation in the industrial chain, accelerated the layout and promotion of energy storage projects in Shandong, Xinjiang, Jiangsu, Anhui, Hubei, Inner Mongolia, Guangxi, Gansu, Guizhou, Hebei and other places, signed a number of energy storage cooperation agreements, successfully approved nearly 1GWh shared energy storage projects, and accumulated storage project resources exceeded 6GWh.

The company attaches great importance to technology research and development, and its product line extends from large Storage to user side energy storage. It has developed new Power Atlantic series intelligent liquid cooled energy storage system, Power Key series industrial and commercial energy storage products, and Easy Storage intelligent energy storage cloud platform, which fully covers the needs of upstream and downstream customers. At present, nearly 3.5GWh of energy storage equipment and system products have been delivered.

At the same time, the company increased the expansion of overseas energy storage business and implemented the "3+2" strategy. On the one hand, with the domestic strength of new energy overseas investors or EPC partners to cooperate with the sea, on the other hand, relying on the existing overseas smart grid marketing network and resources, Lin Yang united with more overseas high-quality local partners, promote local manufacturing, and jointly explore the overseas energy storage market.

During the reporting period, the company and Saudi ECC invested in the construction of an energy storage PACK plant in Jeddah, Saudi Arabia, which is expected to be put into operation in the fourth quarter of 2024.

In the first half of the year, relying on the resource advantages accumulated in the power industry, the company's three business segments of "intelligence, energy storage and new energy" coordinated to achieve innovative development. In the future, Linyang Energy will continue to uphold the business purpose of "market first, customer first, innovation and development", pursue the two-pronged global development of "new quality" and "high quality", actively promote the business implementation, and strive to become "a first-class product and operation service provider in the field of global smart grid, new energy and energy storage".trina solar panels