Long-Term Green Investment Secured by Cohesion New Energy

Founded in 2006, Xiehe New Energy Group Limited has emerged as a significant player in the renewable energy sector, headquartered in Singapore. The company specializes in the development and operation of integrated wind and solar power projects, positioning itself as a comprehensive and international renewable energy operator. As global concerns about climate change and energy sustainability grow, Xiehe New Energy's mission to provide stable, safe, and clean energy becomes increasingly relevant.

At the core of Xiehe New Energy’s operations is a commitment to reducing carbon emissions. As of the end of June 2024, the company has successfully reduced carbon dioxide emissions by an impressive 58,860 kilotons. This achievement not only underscores its role in combating climate change but also reflects the broader global push towards cleaner energy solutions. The importance of renewable energy cannot be overstated; according to the International Energy Agency (IEA), renewables accounted for nearly 90% of the increase in global power capacity in 2021, highlighting the critical shift towards sustainable energy sources.

Xiehe’s strategic approach involves a multi-dimensional integration and innovation strategy that seeks to fuse clean energy with diverse industries such as agriculture, forestry, and fisheries. This holistic perspective is vital for creating sustainable ecosystems where energy production complements local economies. For instance, the integration of solar energy with agricultural practices can lead to enhanced productivity, as seen in agrivoltaics, where solar panels are installed over crops, allowing for dual land use.

One exemplary project that illustrates Xiehe's innovative approach is the Nandagang Solar Power Station located in Hebei Province, China. This facility occupies four fishponds and spans approximately 2,048 acres, showcasing an ingenious use of land that balances energy production with ecological considerations. With a total installed capacity of 70 MW, the solar station utilizes high-efficiency 650-watt modules combined with large-current string inverters. In 2023, the power plant boasted a remarkable utilization rate of 99.9%, earning it a prestigious five-star rating in a national benchmarking evaluation of solar power stations in China.

The Nandagang project also highlights Xiehe’s commitment to environmental stewardship. Given the area's rich bird population, the challenge of bird droppings impacting the solar panels' efficiency was significant. To address this, the project team engaged in extensive research and development, culminating in the creation of a bird repellent device tailored for the solar panels. This innovation not only enhances energy efficiency but also demonstrates Xiehe's proactive approach to ecological protection.

Furthermore, the company has implemented advanced monitoring systems and drone surveillance to improve maintenance and reduce downtime. These technological advancements are crucial for ensuring the longevity and reliability of renewable energy installations, ultimately contributing to a more resilient energy grid.

Beyond its environmental initiatives, Xiehe New Energy places a strong emphasis on social responsibility, particularly in the realm of education. The company recognizes that investing in education is essential for fostering future leaders in the renewable energy sector. As of the end of 2023, Xiehe has donated approximately 3.98 million yuan to educational causes, supporting over 1,602 outstanding students and recognizing 119 exemplary teachers. This commitment not only uplifts individual lives but also contributes to the development of a well-informed society equipped to tackle future challenges.

The emphasis on education aligns with the broader global trend of corporate social responsibility (CSR) in the energy sector. As companies increasingly recognize the importance of their impact on communities, investing in education and social programs has become a crucial aspect of their operations. Xiehe’s initiatives serve as a model for how businesses can contribute positively to society while simultaneously advancing their corporate objectives.

In addition to its local efforts, Xiehe New Energy has gained recognition on a global scale. The company has consistently ranked above 84% of its peers in the S&P Global Corporate Sustainability Assessment. This evaluation reflects Xiehe's dedication to providing quality renewable energy solutions and professional services. The company’s wind and solar capacity continues to grow, reinforcing its role in the global effort to reduce carbon emissions.

At the beginning of this year, Xiehe New Energy received an upgrade in its MSCI ESG rating from A to AA. According to the latest MSCI ESG rating report, the company has shown improvements in several areas, including renewable energy opportunities, human capital development, and corporate governance. The scores in governance, renewable energy opportunities, and carbon emissions have all surpassed industry averages, showcasing Xiehe’s leadership in sustainable practices.

The recognition from MSCI is a testament to Xiehe’s unwavering commitment to environmental, social, and governance (ESG) principles. In a world where consumers and investors are increasingly prioritizing sustainability, companies with strong ESG performance are well-positioned to succeed. Xiehe’s efforts to enhance its ESG profile not only benefit its reputation but also attract socially conscious investors who are keen to support sustainable enterprises.

Xiehe New Energy’s commitment to sustainability has also been acknowledged through various awards. The company was included in the S&P Global “Sustainability Yearbook (China Edition) 2024” and received special recognition as one of the “Top 10 Companies in S&P Global CSA Scores” and the “Best Progress Company in the Industry.” These accolades reflect the company’s efforts to maintain high standards in sustainability while driving innovation in renewable energy.

Throughout its more than a decade-long journey, Xiehe New Energy has remained steadfast in its long-term vision for sustainability. The company has made significant strides in optimizing energy production while ensuring ecological balance. As the global community increasingly turns towards renewable energy to combat climate change, Xiehe is well-positioned to play a pivotal role in this transition.

Looking ahead, Xiehe plans to continue exploring innovative strategies that not only enhance its operational efficiency but also contribute to the broader goal of reducing carbon emissions. The company is committed to fostering a green energy transition that aligns with global sustainability goals. By leveraging technology and strategic partnerships, Xiehe aims to expand its market reach and reinforce its position as a leader in the renewable energy sector.

In conclusion, Xiehe New Energy Group Limited embodies the principles of innovation, sustainability, and social responsibility in the renewable energy landscape. Its commitment to reducing carbon emissions, advancing educational initiatives, and enhancing its ESG profile sets a standard for companies in the industry. As the world continues to grapple with the challenges of climate change, Xiehe’s proactive approach and dedication to clean energy will undoubtedly contribute to a more sustainable future for generations to come. With its eyes firmly set on the horizon, Xiehe New Energy is poised to lead the charge toward a greener, more sustainable world.