(Yicai Global) March 9 — Anhui Conch Cement plans to spend CNY5 billion (USD791.4 million) this year to build renewable energy power plants at its factories in order to meet the country’s carbon peaking and neutrality goals, China’s largest cement maker said yesterday.
The target is to have one gigawatt of installed photovoltaic capacity by the end of this year, with a yearly generation capacity of 100 million kilowatt-hours, the Wuhu, eastern Anhui province-based company said. Last November the cement maker said its PV generation capacity was only 180 megawatts.
The money will go into solar power stations and energy storage projects at its various plants, with the aim of going fully green, the firm said, without going into further detail.
Big industrial leaders like Conch Cement need to start cutting their greenhouse gas emissions to align with the country’s target of…
China’s Conch Cement to Invest USD791 Million in Solar Energy to Turn Factories Green
