3 Green and Low-Carbon Projects Applied by Bank of Jiangsu Was Approved with China CDM Fund Concessional Loan
2021-09-20
On September 13, 2021, China Clean Development Mechanism Fund Management Center (hereinafter referred to as “the Management Center”) issued Reply Letter to approve the grant of CDM concessional loans to 3 projects: Annual Production of 2GW Silicon Chip (Slicing) and 2GW Crystalline Silicon Solar Cell Manufacturing Project of Changzhou Shichuang Energy Co., Ltd., Xuzhou Tongshan District High-Pressure Natural Gas Pipeline and Station Facility Project of Tongshan Ganghua Gas Co., Ltd., and Origen 4897.32kWp Distributed Photovoltaic Power Generation Project of Shanghai Hongzuo New Energy Technology Co., Ltd. and Zhaoqing Xingrong New Energy Co., Ltd.
The above projects were applied by Bank of Jiangsu, which issued a financing demand guarantee to the Management Center. The 3 projects received a total loan of RMB 92.65 million and it’s estimated that social capital of RMB 1,221 million can be leveraged.
ⅠAnnual Production of 2GW Silicon Chip (Slicing) and 2GW Crystalline Silicon Solar Cell Manufacturing Project of Changzhou Shichuang Energy Co., Ltd.
The project was approved with a loan of RMB 69 million, which favored at an interest rate 35 points reduced on the basis of the Loan Prime Rate (LPR) on the contract-signing date in a 3-year term.
The main construction content of the project is to build a new slicing workshop, a cell workshop, and supporting mechanical and electrical engineering, warehouses, and environmental protection facilities. After the project is completed, it will form an additional annual production capacity of 2GW of monocrystalline PERC solar cells. By adding new high-efficiency PERC cell capacity, the project can improve the production efficiency and application volume of photovoltaic products and reduce the use of fossil energy, so as to further achieve greenhouse gas emission reduction.
Ⅱ Xuzhou Tongshan District High-Pressure Natural Gas Pipeline and Station Facility Project of Tongshan Ganghua Gas Co., Ltd.
The project was approved with a loan of RMB 20 million, which favored at an interest rate 58.75 points reduced on the basis of the Loan Prime Rate (LPR) on the contract-signing date in a 3-year term.
The main contents of the project are to build 7 natural gas medium and high pressure regulating stations and 2 metering stations; build a 151km high-pressure natural gas pipeline with a total designed transmission capacity of 56.64×108Nm3/a.
Through the development and utilization of natural gas, the project shows obvious environmental and social benefits, as it can reduce the emission of carbon dioxide, nitrogen oxides and other gases in the city, promote the adjustment of the urban energy consumption structure, and improve the infrastructure supporting conditions in the region.
Ⅲ Origen 4897.32kWp Distributed Photovoltaic Power Generation Project of Shanghai Hongzuo New Energy Technology Co., Ltd. and Zhaoqing Xingrong New Energy Co., Ltd.
The project was approved with a loan of RMB 36.5 million, which favored at an interest rate 58.75 points reduced on the basis of the Loan Prime Rate (LPR) on the contract-signing date in a 3-year term.
The project content is to install distributed photovoltaic power generation equipment with a capacity of 4897.32KWp on the roof of Guangdong ORG Packaging Co., Ltd., including photovoltaic modules, brackets, inverters, etc. The project is connected to the power grid in the mode of self-generation and self-consumption, with a consumption rate of 90%, and it's estimated to realize annual power generation capacity of 4,974,400 kWh. After the project is completed, distributed photovoltaic power generation will be used to provide electricity for the production and operation of enterprises, which can effectively reduce the use of fossil fuels such as coal and reduce greenhouse gas emissions.
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