Guian's green development strategy to be promoted by central bank
A distributed energy center green asset securitization project, which was signed by Guian New Area, Southwest China's Guizhou province and China Construction Bank, has been included among the first group of green asset securitizations recently listed by the People's Bank of China.
Designed by the green financial harbor administrative committee in Guian, the project will effectively reduce financing costs by using the income from the first round of securities as investment into the second round.
Considered to be China's first project which makes use of the energy complementary model, the project takes advantage of natural gas, water thermal pumps, solar energy and aerodynamic storage to improve the efficiency of various energies and reduce emissions.
The distributed energy center will relieve pressure on power grids and reduce risk associated with urban utility operation.
Lan Hong, deputy director of the administrative committee, said that the committee will set up a green projects library and explore more projects that are worth developing in China.
Experts said that the project has not only supported the development of green energy in Guian but blazed a new trail in green energy financing, which is worth promoting in China.