The Yancheng Dongfang distributed PV project invested by Shanghai ViriHub New Energy Co., Ltd. (hereinafter referred to as “ViriHub New Energy”) was successfully connected to the grid on June 21.

This project is located in the China-South Korea Yancheng Industrial Park in Yancheng, Jiangsu Province, which is a demonstration park supported by the Jiangsu provincial party committee and provincial government. The owner, Yancheng Dongfang Construction Investment Co., Ltd., is a state-owned enterprise at the municipal level. The project is constructed by Shanghai Zinie Electric Power Technology Co., Ltd. Through the efficient cooperation between the owner and the constructor, the low-voltage part is fully connected to the grid with full capacity in 15 days, and the high-voltage part is in 80 days.

The project covers a total area of 104,800 square meters, with a total installed capacity of 10.57 MW. The average annual power generation can reach 12.0649 million KWh. It is estimated that 3,860.78 tons of standard coal can be saved annually, and 12,028.74 tons of carbon dioxide emissions can be reduced. At the same time, it will also effectively reduce the emissions of sulfur dioxide, nitrogen oxides and carbon dust.

On the occasion of the grid connection of the project, ViriHub and Jiangsu Financial Leasing Co., Ltd. (hereinafter referred to as “Jiangsu Leasing”) signed a strategic cooperation agreement in Yancheng. The two sides will further carry out in-depth strategic cooperation based on the current business. Jiangsu Leasing will provide ViriHub with financial support of a total of 1 billion yuan.

Left in the picture: Mr. Yong Jiang, deputy GM of Jiangsu Financial Leasing.
Right: Mr. Jijun Wang, GM of ViriHub.

Established in June 1985, Jiangsu Financial Leasing Co., Ltd. is a state-controlled non-bank financial institution engaged in financial leasing business approved by the National Financial Regulatory Administration. It is currently the only financial leasing company listed on A-shares in China.

Jiangsu Financial Leasing’s abundant resources and professional advantages in the financial field will provide strong financial support and service guarantees for ViriHub’s business expansion, further enhancing the enterprise’s market competitiveness. In addition, the strategic cooperation between the two parties is not only an active response to the national energy transformation strategy but also an accurate grasp of the development trend of the new energy industry. It will also play a promoting role in integrating industry resources, promoting the coordinated development of the new energy industry chain, and improving the overall efficiency and quality of the industry.