- Tenet Fintech Group (PKK) has signed a cooperation agreement with China’s Shanghai Electric Power Company (SEPC)
- Tenet will help China implement a carbon emissions policy
- SEPC and Tenet will partner to prepare, present and promote solar power project proposals to the entities in charge of implementation
- The proposed projects will run through the i3060 platform while SEPC will fund, manage and operate them
- Tenet Fintech Group Inc. is the parent company of a group of financial technology and artificial intelligence companies
- Tenet Fintech Group Inc. opened the day’s trading at C$1.59
Tenet Fintech Group (PKK) has signed a cooperation agreement with China’s Shanghai Electric Power Company (SEPC).
Tenet will help China implement a carbon emissions policy with the goal of achieving carbon neutrality by 2060.
Since China’s pledge to be carbon-neutral by 2060, the government has adopted policies and allocated significant resources to promote and develop clean energy projects and initiatives throughout the country.
To help achieve this, state-owned energy and engineering companies such as SEPC are expected to play major roles in helping slowly wean China off fossil fuels.
SEPC and Tenet will partner to prepare, present and promote nationwide solar power project proposals.
The proposed projects will run through the i3060 platform while SEPC will fund, manage and operate them.
SEPC is a century old subsidiary of State Power Investment Corporation and one of China’s most important energy corporations.
“We are excited about this partnership with Tenet and we look forward to potentially working with other energy and technology companies to continue to move the country’s renewable energy commitment forward and possibly explore opportunities beyond China,” said Mr. Jinbo Li, SEPC’s General Chief Engineer.
“Given the increasingly important roles that energy and engineering companies like SEPC and CEEC and their contractors play in clean energy projects around the world, and i3060’s capabilities, we look forward to working with our renewable energy partners for projects in China and firmly expect to also obtain our fair share of projects outside of China in the coming months and years,” noted Liang Qiu, CEO of Tenet Asia.
Tenet Fintech Group Inc. is the parent company of a group of financial technology and artificial intelligence companies.
Tenet Fintech Group Inc. Stock opened the day’s trading at C$1.59.