Shanghai Cooperation Organization (SCO) Summit: Songjiang's Green Energy Breakthroughs Along the Silk Road

Strategic Insights -

The recent 2025 Shanghai Cooperation Organization (SCO) Summit has shed light on the region's commitment to green energy and regional cooperation. As the SCO's blueprint unfolds, Songjiang in Shanghai has made significant strides in wind power, with a 100MW project in Kazakhstan's Ultau region delivering 387 million kilowatt-hours of clean electricity annually. Huantai Energy's wind power project in Ultau Oblast has achieved financial breakthroughs and innovations in its financing model, becoming the first RMB-denominated new energy power plant project in Kazakhstan.

Key Takeaways:

  • Huantai Energy's 100MW wind power project in Kazakhstan's Ultau region has been connected to the grid and delivers approximately 387 million kilowatt-hours of clean electricity annually.
  • The project was included in the list of "Key Projects of China-Kazakhstan Capacity and Investment Cooperation" and achieved breakthroughs and innovations in its financing model, becoming a "first for China."
  • The project is Huantai Energy's first RMB-denominated new energy power plant project in Kazakhstan, which successfully secured RMB 256 million in syndicated financing from a bank led by the Shanghai Branch of the Industrial and Commercial Bank of China and the Shanghai Branch of the Bank of China.
  • The project embeds export buyer's credit insurance into the financing structure, creating a new paradigm for international syndicated cooperation linking domestic and foreign countries.
  • Huantai Energy has nearly 2GW of projects under construction and in the pipeline in Kazakhstan, with eight projects included in the "China-Kazakhstan Key Capacity Cooperation Project List."
  • The company is also undertaking a 500MW wind power project in Uzbekistan with a RMB 3 billion investment and has won the country's first publicly tendered 100MW photovoltaic power station project in Azerbaijan.

Statistics:

  • The 100MW wind power project delivers 387 million kilowatt-hours of clean electricity annually.
  • The project secured RMB 256 million in syndicated financing from a bank led by the Shanghai Branch of the Industrial and Commercial Bank of China and the Shanghai Branch of the Bank of China.
  • Huantai Energy has nearly 2GW of projects under construction and in the pipeline in Kazakhstan.
  • The company is undertaking a 500MW wind power project in Uzbekistan with a RMB 3 billion investment.
  • 100MW photovoltaic power station project won in Azerbaijan.

Sources:

  • [Songjiang District of Shanghai Municipality's news release, no date]

(Translated online version: https://www.songjiang.gov.cn/xwzx/001001/20250909/69514225-8804-4073-83f0-e07a67329468.html)