As the Chinese New Year approaches, CRRC and CCUI have once again collaborated to write an important chapter in their joint efforts in the international renewable energy sector. A joint delegation, led by Mr. Shao Renqiang, Chief Economist of CRRC Corporation, along with leadership from CRRC Zhuzhou Institute and Mr. Wei Jianhua, Chairman of CCUI, arrived in Italy one week before the Chinese New Year to engage in in-depth discussions on renewable wind power projects.
Intensive Negotiations: Advancing Multi-Party Cooperation
After a week of intense and productive negotiations, the joint delegation achieved significant breakthroughs in international renewable energy cooperation:
·Preliminary Sales Agreement with Margherita Srl: CRRC reached a preliminary agreement with Italy's Margherita Srl for wind turbine sales, marking another solid step forward for CRRC's wind power technology in the global market.
· Sales and Technical Collaboration with Hope Group: CRRC and Italy's Hope Group signed a LOI for wind turbine sales and reached an intent for technical cooperation. This partnership injects fresh energy into the business growth of both parties and lays the groundwork for future joint research and innovative applications.
· Consolidated Partnership Between CCUI and Hope Group: CCUI further strengthened its partnership with Hope Group. Both parties are committed to guiding advanced domestic capabilities - such as wind power and energy storage - onto the global stage, introducing innovative models and driving new momentum in the renewable energy industries of China and Europe.
Strategic Global Expansion: A Key Milestone for Renewable Energy
This collaboration not only marks a strong start to the new year for CRRC in the international wind power sector but also represents a critical step in its strategic development into the European market. As a key region for wind power development in Europe, Italy offers abundant wind resources and significant growth potential. With its advanced technologies and tailored solutions, CRRC has demonstrated strong competitiveness in this promising market.
CCUI has played a pivotal role as a bridge for global resource integration, leveraging its international expertise to overcome numerous complex challenges. These efforts have led to the successful alignment of all parties, fostering a shared commitment to advancing this collaboration.
Amidst the saturation of domestic renewable energy production capacity, CCUI will continue to support CRRC’s growth into new countries and regions, extending its reach to broader renewable energy fields. This ongoing collaboration will drive deeper integration and upgrades across the entire industrial chain, delivering sustained growth for both parties.
Welcoming the Spring Festival
As the Year of the Dragon comes to an end and the Year of the Snake approaches, we extend our heartfelt New Year greetings to all shareholders, partners, and employees. May the coming year bring you prosperity, vitality, and great success!
