Acheng district signs deals worth 4.98b yuan

The signing and groundbreaking ceremonies for the second batch of investment attraction projects for 2023 in Acheng district of Harbin city took place on Oct 18.

A total of 29 projects with an investment of 4.98 billion yuan ($682.19 million) were signed in unison, spanning emerging industries such as the digital economy, bio-economy, and high-end equipment.

Once they reach full production, these projects will have a total output value of 5.98 billion yuan annually.

One of the highlights is the 50MW/200MWh shared energy storage project by ChinaYong Group.

The project, with an operational period of 25 years and a total investment of 750 million yuan, is capable of absorbing 150 million degrees of green electricity annually upon reaching full production, with an output value close to 100 million yuan.