Shanghai Electric Accelerates Overseas Layout, Seeks Overseas Partners

Energy Press Releases Thursday September 19, 2019 09:25
ABU DHABI, United Arab Emirates--19 Sep--PRNewswire/InfoQuest

Shanghai Electric Group (the "Group"), a leading energy equipment maker and solutions provider, showcased its various solutions and equipment at the 24th World Energy Congress (WEC) that took place in Abu Dhabi through Sept. 9-12. The Group has long operated overseas and has established projects, especially with partners in the Middle East in various fields including solar power, gas power, desalination and energy management.

In a bid to provide cleaner and smarter solutions, Shanghai Electric has developed more advanced products and has brought to the WEC more comprehensive and inter-connected solutions with services of a full life cycle, to better serve its clients globally. From rolling out individual products to offering more comprehensive and integrated solutions, the Group has been actively seeking a positive transformation in its strategic planning and its position in the industry based on the trend of market development and industry demand.

On the business side, Shanghai Electric has shed light on overseas markets. In 2018, the Group even saw the number of new construction orders in foreign markets surpassing those in the domestic market, underlining the Group's efforts to bring its solutions abroad in line with China's Belt and Road Initiative. The Group in 2018 has undertaken several landmark overseas projects, including the solar power station construction project in Dubai, the coal-fired power project in Egypt, the combined-cycle power project in Panama, and the desalination project in Brunei, among others.

The power plant under construction by Shanghai Electric in Sheikh Mohammed bin Rashid al-Maktoum Solar Park, Dubai, currently the largest solar power plant in the world, can provide clean electricity for over 320,000 households every year in Dubai, cutting down carbon emissions by 1.6 million tons.

This year, Shanghai Electric has offered solar power solutions in more countries. It constructed a solar power station in Hokkaido, Japan, and started generating power in February. The Group has also had multiple ongoing energy projects in the UK and Australia.

"We highly value our overseas business, and our goal is to increase the proportion of our overseas assets and double the revenue in the next three to five years," said Zheng Jianhua, Chairman of Shanghai Electric.

About Shanghai Electric

Shanghai Electric is a large integrated equipment manufacturing enterprise specialized in energy equipment, industrial equipment and integration services. It is committed to providing customers with solutions to technology integration and systems incorporating green, eco-friendliness, intelligence and Internet.

Latest Press Release

GCL SI Supports Floating Solar Power Plant in Persian Gulf

Research by the IHS Markit's Floating PV Report 2020 reveals recently that the floating solar power installations are set to jump by 143% from 2019 to hit more than 900 MW of annual capacity additions this year. GCL System Integration (GCL SI), is poised...

How to Build Back a Low-Carbon Economy Globally: RMI Stimulus Series

- Responding to the current economic downturn can simultaneously benefit the economy, the environment, and our communities. RMI's Green Stimulus and Recovery Series presents a global stimulus framework along with country- and region-specific...

Shanghai Electric Dubai MSR Completes World's Tallest Tower Top Receiver in Record Time

Shanghai Electric (SHA:601727) announced today that it has completed the Molten Salt Receiver (MSR) tower top receiver in Dubai's DEWA IV phase 700MW Concentrating Solar Power and 250MW Photovoltaic Hybrid Project. The company safely constructed the...

Sasol Announces Beneficial Operations of Fifth and Sixth Lake Charles Chemicals Project Facilities

Sasol today announced that the Guerbet alcohol unit at our Lake Charles Chemicals Project (LCCP) achieved beneficial operations on 19 June 2020. This follows three days after achieving beneficial operations on the Ziegler alcohol unit, bringing the...

One More Hengtong Megawatt Energy Storage Project Connected to the Grid

An 8MWh energy storage project contracted by Jiangsu Hengtong Energy Storage Technology Co., Ltd. succeeded in reverse power transmission and was successfully connected to the grid at the first attempt. As one of the core technologies of new energy...

Related Topics