Beijing Creative to Invest Up to €42.8 Million in Romanian 99MW/198MWh Energy Storage Project

Stock News03-12

Beijing Creative Group Co.,Ltd. (002350.SZ) announced plans to invest no more than €42.8 million in the construction of a 99MW/198MWh energy storage project in Vâlcea, Romania, through its third-tier subsidiary GP. The initiative aligns with global energy transition trends and China's dual-carbon strategy, aiming to capitalize on overseas energy storage market incentives and growing demand. This investment is expected to enhance the company's international competitiveness and long-term profitability. The project represents a strategic move to expand into overseas markets and develop new energy business segments. By leveraging local market demand and profit potential, the company seeks to secure stable investment returns, diversify revenue streams, optimize its business structure, and strengthen core competencies. Additionally, operating within the EU market will elevate the company's profile and provide valuable cross-border energy storage project experience, laying groundwork for future international expansion and supporting its global development strategy amid the worldwide energy transformation.

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