BEIJING, July 18 (Xinhua) -- The Tianjin Power Exchange Centre recently completed monthly settlement of green power for Danfoss (Tianjin) Co., Ltd., confirming the company's actual use of green power in June.
In north China's Tianjin, a social consensus has been formed to use more electricity, especially green electricity, through market-based trading model of green power that matches local energy endowment.
The scale of green power trading has shown explosive growth in Tianjin, with more than 32 percent of market-oriented users making purchase of green power. Many foreign-funded companies and joint ventures have enjoyed the clean and efficient supply of green power in China.
Danfoss, a Danish energy efficiency solution company, aims to become carbon-neutral in its global operations by 2030. With a 10-year green power purchase agreement, the company's Tianjin factory, who consumes 45 million kWh of power per year, is expected to reduce carbon emissions by 28,000 tonnes per year, by switching to green energy.
Supported by Danfoss and State Grid (Tianjin) Integrated Energy Service Co., Ltd., Tianjin Ruixin Technology Co., Ltd., an upstream equipment supplier of Danfoss, also joined the efforts of using green power. By introducing 13 million kWh of green power each year, another 8,000 tonnes of carbon emissions can be reduced annually.
In the first half of 2024, 174 foreign-funded companies and joint ventures in Tianjin participated in green power trading in Tianjin, with trade volume totaling 2.3 billion kWh. The numbers are 2.64 and 4.18 times those of the whole year of 2023, respectively. (Edited by Yu Huichen with Xinhua Silk Road, yuhuichen@xinhua.org)
A single purchase
