Set up 80 million subsidiary Tapai Group to accelerate the development of new energy

Recently, Guangdong Tapai New Energy Development Co., Ltd. was established with a registered capital of 80 million yuan. Its business scope includes: solar power generation technology services; photovoltaic equipment and components manufacturing; photovoltaic equipment and components sales, etc. The company is 100% owned by Tapai Group. The establishment of a new energy development subsidiary

by Tapai Group shows its emphasis on the new energy field and its strategic plan for future development. The development of new energy will bring more business opportunities and growth points to Tapai Group, which will help to further enhance the profitability of the company.

Recently, Tapai Group said that in the first half of this year, the distributed photovoltaic power generation project of "self-use, surplus electricity access to the grid" within the red line of the company and its affiliated enterprises realized the income of surplus electricity access to the grid of 1.0996 million yuan, a substantial increase of 146.04% over the same period of last year. The company's photovoltaic power generation project is constructed in accordance with the principle of "self-use, surplus electricity access to the grid", with high economic benefits. By the end of 2022, a total of 123 million yuan has been invested, making full use of idle land, building roof and other resources in the enterprise, building 36.72 MW distributed photovoltaic power generation system and realizing grid-connected power generation. The Company's construction plan for photovoltaic power generation projects is to "build as much as possible". In the next step, the Company will speed up the feasibility study progress of distributed photovoltaic power generation projects for raw material shed roof construction in cement production enterprises, further expand the installed capacity of photovoltaic power generation and increase the proportion of clean energy use.

Through the establishment of a new energy development subsidiary, Tapai Group will be able to better integrate resources and implement management when carrying out new energy projects, effectively reduce energy costs and improve market competitiveness.