Shanghai Electric Accelerates Overseas Layout, Seeks Overseas Partners

Energy Press Releases Thursday September 19, 2019 09:25
ABU DHABI, United Arab Emirates--19 Sep--PRNewswire/InfoQuest

Shanghai Electric Group (the "Group"), a leading energy equipment maker and solutions provider, showcased its various solutions and equipment at the 24th World Energy Congress (WEC) that took place in Abu Dhabi through Sept. 9-12. The Group has long operated overseas and has established projects, especially with partners in the Middle East in various fields including solar power, gas power, desalination and energy management.

In a bid to provide cleaner and smarter solutions, Shanghai Electric has developed more advanced products and has brought to the WEC more comprehensive and inter-connected solutions with services of a full life cycle, to better serve its clients globally. From rolling out individual products to offering more comprehensive and integrated solutions, the Group has been actively seeking a positive transformation in its strategic planning and its position in the industry based on the trend of market development and industry demand.

On the business side, Shanghai Electric has shed light on overseas markets. In 2018, the Group even saw the number of new construction orders in foreign markets surpassing those in the domestic market, underlining the Group's efforts to bring its solutions abroad in line with China's Belt and Road Initiative. The Group in 2018 has undertaken several landmark overseas projects, including the solar power station construction project in Dubai, the coal-fired power project in Egypt, the combined-cycle power project in Panama, and the desalination project in Brunei, among others.

The power plant under construction by Shanghai Electric in Sheikh Mohammed bin Rashid al-Maktoum Solar Park, Dubai, currently the largest solar power plant in the world, can provide clean electricity for over 320,000 households every year in Dubai, cutting down carbon emissions by 1.6 million tons.

This year, Shanghai Electric has offered solar power solutions in more countries. It constructed a solar power station in Hokkaido, Japan, and started generating power in February. The Group has also had multiple ongoing energy projects in the UK and Australia.

"We highly value our overseas business, and our goal is to increase the proportion of our overseas assets and double the revenue in the next three to five years," said Zheng Jianhua, Chairman of Shanghai Electric.

About Shanghai Electric

Shanghai Electric is a large integrated equipment manufacturing enterprise specialized in energy equipment, industrial equipment and integration services. It is committed to providing customers with solutions to technology integration and systems incorporating green, eco-friendliness, intelligence and Internet.


Latest Press Release

IMI and GustoMSC Sign Jack-up Design License Agreement

International Maritime Industries (IMI) announced today it had signed a LicenseAgreement with GustoMSC, an NOV company. The agreement enables IMI to efficiently construct and deliver drilling rigs to its clients. The agreement entails a new GustoMSC...

LyondellBasell Announces Construction of New Small-Scale Molecular Recycling Facility

LyondellBasell today announced that it is building a new small-scale pilot facility at its Ferrara, Italy site moving another step closer to converting post-consumer plastic waste into new plastics on a commercial scale. The company selected its Ferrara...

Risen Energy Expands Global Footprint with 150 MW Module Order from Malaysian Power Station

Chinese solar panel maker Risen Energy Co., Ltd. recently announced the receipt of an order to provide 150 MW of high-efficiency solar PV modules to a power stations in Malaysia. Malaysia's Minister of Energy, Science, Technology, Environment and Climate...

JA Solar Japan Celebrates 7th Anniversary

On September 17, JA Solar Japan held its seventh anniversary celebration in Tokyo, Japan. JA Solar's Senior Vice President Mr. Huang Xinming attended the event and delivered a speech to express the company's gratitude to local customers for their support...

BGRIM named best solar power developer in 2019

B.Grimm Power Plc (BGRIM)'s Phu Yen TTP Joint Stock Company was awarded the 2019 best solar power plant project developer from the International Finance magazine. The award by the leading international business journal recognises the company's initiation...

Related Topics