New Energy Heavyweight Settled in TEDA

Three Gorges (Tianjin) Energy Investment Co., Ltd. recently was incorporated in TEDA Nangang Industrial Zone. The company is co-funded by China Three Gorges Renewables (Group) Co., Ltd. (CTGR), China Yangtze Power Co., Ltd. (CYPC), and Three Gorges Capital Holdings Co., Ltd. (TGC), with a registered capital of 1 billion yuan. It is mainly responsible for the overall layout of China Three Gorges Corporation (CTG)’s clean energy sector in Tianjin, as well as the investment and development of new energy projects. It aims to establish a R&D, innovation, and service support base for CTG’s new energy initiatives in Tianjin.

China Three Gorges Corporation (CTG) is the world’s largest hydropower development and operation enterprise as well as China’s leading clean energy group with total assets of over RMB 1 trillion. China Three Gorges Renewables (Group) Co., Ltd. is the main body of strategy implementation for CTG’s new energy business. CTG has carried out in-depth cooperation with Tianjin in recent years, and has set up nearly 10 companies and 4 industrial funds in Tianjin with a total investment exceeding 10 billion yuan. Among these investments is a 2.2-billion-yuan project planned by CTG in TEDA Nangang Industrial Zone. The project including 204 megawatts (MW) of offshore wind power has already commenced construction and is planned to be completed and put into operation by 2025.