Guangzhou Development Group’s subsidiary is investing in a new solar energy project. The move aligns with the company’s push into renewable energy initiatives. Details on the project’s scale or location remain unspecified in the announcement.
Guangzhou Development Group has acquired equity stakes in two pumped storage projects in Yunnan Province, China. The combined planned capacity of the projects totals **2.6GW**. The transactions include completed equity acquisitions and related registration updates.
Guangzhou Gas Group secures a long-term liquefied natural gas (LNG) sales and purchase agreement with Mercuria Energy Trading. The deal aims to expand China’s energy supply options by introducing imported LNG into the domestic market. Guangzhou Gas Group operates under China’s Guangzhou Development Group, while Mercuria Energy Trading is part of the global Mercuria Energy commodity trading firm.
Mercuria secures a long-term liquefied natural gas (LNG) supply agreement with Guangzhou Gas, a subsidiary of Guangzhou Development Group. The deal formalizes LNG sales and purchase terms between the Switzerland-based energy trader and the Chinese state-owned enterprise. Guangzhou Gas operates as a key gas distribution unit in southern China.
