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New energy

Yankuang Energy fully implements the New Development Philosophy, seek both external and internal improvement, and pay equal emphasis on industrial operation and capital operation, fostering five major industries of mining, high-end chemicals and new materials, new energy, high-end equipment manufacturing, and intelligent logistics, and building three major operating bases of Shandong, Shaanxi &Inner Mongolia and Australia. Looking ahead, it will work to achieve an annual coal production capacity of 300 million tons in 5-10 years, and build more than 8 green and intelligent mining coal mines each with a production capacity of over 10 million tons. The annual output of chemicals products will exceed 20 million tons. The vision is to realize 3 million kW of installed capacity of wind and solar power by the end of the “fourteenth five-year plan” (2021-2025), and 10 million kW in 5-10 years.

It operates one Fengwei PV Power Station in Inner Mongolia with a total installed capacity of 100MW. Relying on industrial clusters in Shandong, Shaanxi and Inner Mongolia, it focuses on onshore wind& photovoltaic power generation and PV upstream and downstream industries, implements resources integration and professional management in an orderly way, and move faster to forge a wind &solar-based industrial mix featuring hydrogen power, energy storage and industrial collaboration. In the future, attention must remain to increase the acquisition of new energy quotas, the M&A of high-quality assets, and the cultivation of technologies and talents.