On June 22, CR Power (Guangdong) Marketing Co., Ltd. and BASF (China) Co., Ltd. completed the first renewable energy trading in Guangdong Province at the Guangdong Power Exchange Center. The trading volume reached 2.45 million kilowatt hours. The power generation enterprise is CR Power Wind Energy (Shantou) Co., Ltd.

According to information, the market-oriented trading of electricity in Guangdong Province is active. One third of the electricity consumption in the province each year is directly market-oriented trading between users and power generation enterprises, but the power generation parties only include fire coal and fuel gas, not green electricity. The entry of green electricity into market-oriented trading will bring extraneous income for renewable energy power generation enterprises to accelerate the recovery of investment and further promote the development of renewable energy industry. BASF and CR Power signed a strategic cooperation agreement on long-periodic renewable energy trading, which is an important deployment and key measure for CR Power to become a clean energy supplier by rapidly locking the full life cycle income of renewable energy projects, reducing project investment risks and effectively improving the conversion rate of renewable energy projects. During the “Fourteenth Five-Year Plan” period, based on the strategic positioning of building itself into a world-class clean energy supplier and comprehensive energy service provider, CR Power will vigorously promote the construction of clean energy. It plans to add 40 million kilowatts of renewable energy installed capacity, which will account for more than 50% by the end of the “Fourteenth Five-Year Plan”.

The completion of the first renewable energy trading in Guangdong attracted wide attention from all sectors of society, with mainstream media such as CCTV News reporting on it. With the goals to “peak carbon dioxide emissions and achieve carbon neutrality” incorporated into the overall layout of national ecological civilization construction, all sectors of society have a higher pursuit of "environmental protection value" behind commodities, and many market entities express their demands for green electricity consumption. The realization of the renewable energy trading variety enables the power generation and sales enterprises to increase the value income of green energy on the basis of the original income, at the same time, it promotes the change of the production and consumption modes of green energy, and effectively contributes to the realization of the national goals to “peak carbon dioxide emissions and achieve carbon neutrality”.