ICBC "Loan" Powers Yalong River "Livestock-Solar Complementary" Megawatt-Scale Base Construction

Originally from: Xinhua Finance

The Industrial and Commercial Bank of China Chengdu Branch (hereinafter referred to as “ICBC Chengdu Branch”) leverages financial strength to precisely support major national clean energy projects. Through innovative financial service models, it provides 2.1 billion yuan in financing for the key project of the Yalong River Basin integrated water, wind, and solar energy base—the Muli County “Mug光 Complementary” hybrid photovoltaic project with a capacity of 1 million kilowatts. This demonstrates practical action in implementing new development concepts, serving the national “dual carbon” strategy and Sichuan Province’s development overall, injecting strong momentum into high-quality local economic growth.

Implementing new concepts, demonstrating responsibility in serving national strategies

ICBC Chengdu Branch always keeps the “big picture of the nation” in mind, fully, accurately, and comprehensively implementing new development concepts. It actively integrates its own development into the national energy revolution and the strategic deployment of Chengdu’s “Five Centers and Five Lands” development plan. The branch adheres to the development strategy of “innovation-driven, open leadership, science-industry integration, and strengthening counties and revitalizing districts,” continuously optimizing financial supply and innovating service models. It focuses on revitalizing existing assets and improving new ones, precisely allocating financial resources to key areas of developing new productive forces. The strong support for the large-scale photovoltaic project in Muli exemplifies the branch’s focus on its core responsibilities, implementing the goals of “stabilizing enterprises and expectations,” promoting “qualitative improvement and reasonable quantitative growth” of the economy, and contributing to a good start for the “14th Five-Year Plan.”

Innovative integration, empowering green transformation and setting benchmarks

The Muli “Mug光 Complementary” project adopts an innovative hybrid development model combining photovoltaic power generation with local livestock farming, achieving efficient land use and ecological protection. Its core highlight is the integration of the Yalong River Basin water, wind, and solar energy base planning, with innovative access to the Yangfanggou Hydropower Station using “water and solar complementarity” technology. ICBC Chengdu Branch keenly recognizes the project’s innovative value and alignment with national energy strategies, breaking through traditional financing models to tailor a comprehensive financial service plan of “project loans + financial leasing,” providing a total of 2.1 billion yuan in support. This effectively addresses the project’s funding needs. The plan not only demonstrates ICBC’s innovation capabilities in green financial products and services but also reflects its firm commitment to promoting energy structure optimization and upgrading through financial power, ensuring national energy security.

Ecological benefits and fruitful green development

Once completed, the project will provide an average of 1.943 billion kWh of high-quality clean electricity annually. Its environmental benefits are particularly notable: it can save approximately 585,800 tons of standard coal each year, reduce carbon dioxide emissions by about 1.5816 million tons, sulfur dioxide by 12,100 tons, nitrogen oxides by 4,080 tons, and significantly decrease ash and dust emissions, conserve water resources, and achieve a high level of economic, social, and ecological benefits. This not only makes a solid contribution to the national “dual carbon” goals but also demonstrates ICBC Chengdu Branch’s commitment to green development, supporting Sichuan in building a clean energy demonstration province and strengthening the ecological barrier upstream of the Yangtze River.

Starting from a new point, writing a new chapter in service

A relevant person from ICBC Chengdu Branch stated that supporting the Muli “Mug光 Complementary” project is a microcosm of the branch’s service to the real economy and promotion of green development. In the future, the branch will continue to uphold the political and people-oriented nature of financial work, closely follow national policies and decisions by Sichuan’s provincial Party committee and government, and increase financial support for key areas such as technological innovation, green development, and regional coordination. It will continuously innovate products and services, improve service quality and efficiency, and contribute to Sichuan’s high-quality development, national energy security, and ecological civilization construction. The branch aims to write a splendid new chapter in financial services for China’s modernization in Sichuan.

ICBC Chengdu Branch always adheres to serving local economic and social development, committed to providing excellent comprehensive financial services to clients, actively fulfilling social responsibilities, and continuously playing the role of a “main force” and “ballast stone” of state-owned banks in supporting the real economy, promoting industrial upgrading, developing green finance, and serving social livelihoods. It strives to establish a responsible and accountable corporate image. (ICBC Chengdu Branch Yang Lei, Yuan Rui, Hu Bing)

Editor: Wang Chunxia

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