Zhejiang Chenfeng Science and Technology Co Ltd Class AChenfeng Technology plans to invest 595 million yuan in a 200MW/760MWh Shenyang energy storage project, a capex commitment approved by its board.

Chenfeng Technology announced that the company plans to invest in the construction of the Shenyang energy storage project, with a total project investment of 700 million yuan. The company's expected investment amount is 595 million yuan, to be implemented by its controlling grandchild company, Beiwang Xinneng Shenyang Energy Co., Ltd. The project has an installed capacity of 200 megawatts / 760 megawatt-hours, a construction period of about 12 months, and an expected return on investment of 7.49 percent. This investment has been approved by the board of directors and does not need to be submitted to the shareholders' meeting for review.
Zhejiang Chenfeng Science and Technology Co Ltd Class AChenfeng Technology plans to invest 595 million yuan in a 200MW/760MWh Shenyang energy storage project, a capex commitment approved by its board.
Beiwang Xinneng Shenyang Energy, the controlling grandchild company, will implement the 700-million-yuan Shenyang energy storage project.