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Golmud Shenguang 50MW PV Station Upgrade Project of ST Lingda Subsidiary Passes Completion Acceptance
The Phase II 50MWp photovoltaic power station upgrade project of Golmud Shenguang New Energy Co., Ltd., a wholly-owned subsidiary of ST Lingda, passed the completion acceptance organized by the expert panel of the Haixi Prefecture New Energy Industry Development Service Center on August 6, 2026. The project commenced construction on January 5, 2026, involving the dismantling and replacement of old equipment such as high-concentration photovoltaic modules and inverters. The company previously held a board meeting in November 2025 and an extraordinary general meeting in December 2025 to approve the project, stating that upon completion it would enhance power generation efficiency and strengthen the company's ability to continue as a going concern, while also cautioning that actual benefits may be affected by factors such as the macro environment, regional policies, and industry trends, and may differ from expectations.