To implement the group-wide green mission, Guangzhou Factory actively formulates energy-saving and carbon reduction strategies with energy at the core, strives to reduce the use of fossil fuels, and implements energy-saving measures. Starting from February 2023, the Guangzhou Factory has begun to evaluate its own solar power generation system and purchase green energy to start the green journey with a two-pronged approach.
Guangzhou Factory began to transfer the power supply to green electricity in May 2023. A total of 1,348,420 kWh was supplied throughout the year, accounting for 35.38% of the annual electricity consumption, and the annual carbon reduction was 769 tCO2e. In 2024, it was planned to switch to 2 million kWh of green electricity, accounting for 45% of the annual electricity consumption.
Moreover, after 11 months of project evaluation, contract signing, project approval, steel structure construction, solar panel installation, grid connection, and acceptance, the Group's first solar power generation system will achieve self-generation and self-use in 2024. The estimated annual power generation capacity is more than 500,000 kWh. It is estimated that the total amount of green power conversion and solar power generation and self-use of the Guangzhou Factory will reach 2.5 million kWh in 2024, accounting for 55% of the total power consumption of the Guangzhou Factory. It is a 20% increase in green power use compared to 2023, with a planned annual carbon reduction of 1,426 tCO2e. The introduction of green energy and the construction of solar panels is an important milestone for the ABC-ATEC towards the goal of net zero emissions. In order to follow the global trend of net zero emissions, the Group continues to work hard towards the goal of low-carbon development.