China Energy Engineering Group's First New Energy Investment Project in South America Lands in Brazil

On October 30, China Energy Engineering Corporation Limited (CEEC) successfully completed the handover of its first new energy investment project in South America—the Coremas Photovoltaic Project in Brazil. CEEC Overseas Investment Co., Ltd. (CEEC Overseas) formally became the project's controlling shareholder, assuming full responsibility for subsequent operational management. This milestone marks a crucial step forward for China Energy in South America's new energy investment sector, representing a major breakthrough in its overseas investment operations while injecting fresh momentum into China-Brazil green energy cooperation.

Located in Paraíba State, northeastern Brazil, the project boasts a total installed capacity of approximately 93 megawatts. With an annual average power generation of 167 million kilowatt-hours, it can meet the yearly electricity needs of over 80,000 local households. Its environmental benefits are substantial, equivalent to saving approximately 20,500 tons of standard coal annually. The project has also created nearly 100 local jobs, driving regional economic development while tangibly improving local livelihoods.

Following the completion of the transaction, CECEP International will steadily advance project upgrades and operational optimization. Through technological innovation and management enhancements, it aims to boost power generation efficiency and operational effectiveness, striving to establish the Coremas Photovoltaic Project as a benchmark green energy demonstration project in South America.

Moving forward, CECEP International will actively implement the consensus reached by the leaders of China and Brazil. Guided by CECEP's “Four New Initiatives” strategy, it will deepen pragmatic cooperation with local governments, industry leaders, and financial institutions. This collaboration will advance deep integration between the two nations in clean energy and sustainable development, continuously injecting green momentum into China-Brazil cooperation.