and Utilization
of New Energy

Hydrogen business was paced up. We accomplished the specific planning for the hydrogen business of the Company and accelerated the construction of hydrogen stations. By the end of 2020, 10 hydrogen stations had been completed with 8 already in operation. We had been reviewing the early stage plan for hydrogen production using wind and photovoltaic power in south Xinjiang and Inner Mongolia.

Geothermal energy development and utilization were advanced in an orderly manner. In terms of resource exploration, we optimized the deployment around key development areas of Henan, Shandong and Hebei, and completed 9 exploration wells, with a success rate of 100%. In terms of market development, the Company actively expanded high-quality markets such as "2 + 26" in the north, 11 cities in the Fenwei Plain and cities in the south where it is cold in winter and hot in summer. We built 104 new heat exchange stations, and successfully executed the heating capacity construction covering 2 million square meters of Qinghe and 2.85 million square meters in Bazhou, Boye and Dongguang. In terms of facilitating the construction of the Xiong’an New Area, the heating project for the Xiong’an Railway Station of the state key project"Beijing to Xiong’an high speed railway" and the governmental project for heating resource renovation and replacement covering 1 million square meters in Xiongxian county were completed as scheduled. We successfully won the bid for the construction, operation and management service project of Rongdong district heating (cooling) project, completed the establishment of the joint venture company and participated in the construction of Rongdong district. The geothermal heating capacity was increased by over 8 million m3 throughout the year, with a cumulative heating capacity of over 60 million m3.

Distributed photovoltaic projects were actively promoted. The Company vigorously expanded distributed photovoltaic power generation projects by utilizing abandoned oil and gas well sites and roofs, completed the feasibility study approvals for 39 projects(with an installed capacity of 100 MW) and built 21 MW new installed capacity, with an accumulative installed capacity of over 100 MW. The 16.4MW photovoltaic project of Shengli, the 2.41 MW photovoltaic project in Shuanghe East District of Henan Oilfield, and Xianyang Fast 4.5 MW photovoltaic project of Xinxing Petrol was successfully connected to the grid. The annual power generation was 100 million kWh.

Wind power generation pilot projects were pushed forward steadily. In the aspect of onshore wind power, the Company completed the feasibility study approval of Shaanxi Weinan 20 MW wind power project, setting foot in wind power business for the very first time. In terms of offshore wind power, we carried out the preliminary study on the planning and site selection of offshore wind farms in Hainan, Shandong, Guangdong, Fujian, Tianjin, Jiangsu and other regions, initially completed the preparation of the offshore wind power development planning report, and formed the planning scheme of 5.95 GW in the short term, 8.55 GW in the long term, and 14.5 GW in total.
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