Chindata Group Participates in China’s First Green Power Transaction
16 September 2021 - 11:00AM
Chindata Group (Nasdaq: CD), a leading carrier-neutral hyperscale
data center solution provider in Asia-Pacific emerging markets,
today announced that it has recently participated in China’s first
nationwide green power transaction, and completed a procurement of
100 million kilowatt-hours (kWh). Such volume represents around
1.26% of the overall transaction and is expected to directly reduce
greenhouse gas emissions by approximately 94,000 tons of carbon
dioxide equivalent. According to public data, a total of 259
domestic Chinese entities participated in this green power
transaction, with a total transaction volume of 7.935 billion kWh.
Following the announcement of China’s goals of
reaching peak carbon emissions by 2030 and carbon
neutrality by 2060, a series of policies were introduced, with
the pilot schemes for national carbon emissions trading and
national green power trading being one of them. Such has offered
additional alternatives to the green energy consumption ecosystem
and make available more opportunities for Chindata Group as a
digital infrastructure company.
Chindata Group has been constantly exploring and
has identified four major initiatives for the strategic development
of its green power consumption ecosystem and will continue to
implement strategic upgrades. These initiatives include
direct green power trading, innovative regional green power
consumption mechanisms, development of renewable energy power
stations and development of integrated power
Generation-Grid-Load-Storage projects. Together these are
expected to set examples for the paths of green electricity
consumption for digital infrastructure companies in China, while
also further strengthening the sustainability initiatives of
Chindata Group.
For the exploration on the innovative regional
green power consumption mechanisms, Chindata Group has made
accessibility to green energy one of its core site selection
principles for its hyperscale data center infrastructure clusters.
Zhangjiakou city in Hebei Province is China’s first National
Renewable Energy Demonstration Zone, and has been the home base for
Chindata Group’s first hyperscale data center cluster in the
pan-Beijing area. Chindata Group has consumed a total of 440.2
million kWh green power through the green power consumption
mechanisms in this region and reduced green gas emissions of around
415,000 tons.
In addition, Chindata Group is continuing to
strengthen the uptake of green power and development of power
plants. According to its 2020 ESG report, renewable energy
accounted for 51% of annual total power consumption of its data
centers. With abundant local renewable resources as a leverage,
Chindata Group also seek to develop renewable energy power plants
to provide consistent green electricity for its digital
infrastructure. Its 150MW smart photovoltaic power plant oriented
for local electricity consumption is expected to produce
approximately 200 million kWh annually upon completion, directly
cutting around 212,000 tons of carbon dioxide equivalent every
year.
Meanwhile, Chindata Group is also exploring the
development of power Generation-Grid-Load-Storage integration
projects so as to promote the deep integration of new generation
power systems with digital businesses, and has proposed the idea of
China’s first super energy complex. To date, Chindata Group has
reached renewable energy development agreement with several local
governments.
With robust demand from businesses, coupled with
favorable government policies, Chindata Group is well-positioned to
further align itself with the global effort in achieving net zero
carbon emissions. It will continue to deliver high-quality
solutions to digital leaders and be their company along their
course of carbon reduction.
About Chindata GroupChindata Group
(NASDAQ: CD) is a leading carrier-neutral hyperscale data center
solution provider in Asia-Pacific emerging markets and a first
mover in building next-generation hyperscale data centers in China,
India and Southeast Asia markets, focusing on the whole life cycle
of facility planning, investment, design, construction and
operation of ecosystem infrastructure in the IT industry. Chindata
Group provides its clients with business solutions in major
countries and regions in Asia-Pacific emerging markets, including
asset-heavy ecosystem chain services such as industrial bases, data
centers, network and IT value-added services.
Chindata Group operates two sub-brands: "Chindata"
and "Bridge Data Centres". Chindata operates hyper-density IT
cluster infrastructure in the Greater Beijing Area, the Yangtze
River Delta Area and the Greater Bay Area, the three key economic
areas in China, and has become the engine of the regional digital
economies. Bridge Data Centres, with its top international
development and operation talents in the industry, owns fast
deployable data center clusters in Malaysia and India, and seeks
business opportunities in other Asia-Pacific emerging markets.
Visit official website for more information:
https://www.chindatagroup.com
For media enquiries, please contact:
Ms. Xiaolin Zhao
xiaolin.zhao@chindatagroup.com
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