---
title: "WEILI: Wholly-owned subsidiary receives project approval notice"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/230079531.md"
description: "WEILI's wholly-owned subsidiary, Wuzhong Weize New Energy Co., Ltd., has received approval from the Ningxia Hui Autonomous Region Development and Reform Commission to carry out the Hongsi Fort 30MW distributed wind power pilot project. The total investment for the project is 162 million yuan, with 20% as capital and the remaining portion financed through loans. This project will promote the coordinated development of the company's new energy generation and wind power business, helping to expand the new energy market and enhance clean energy capacity"
datetime: "2025-02-28T11:17:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/230079531.md)
  - [en](https://longbridge.com/en/news/230079531.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/230079531.md)
generator: "portal-rs"
---

# WEILI: Wholly-owned subsidiary receives project approval notice

WEILI announced that its wholly-owned subsidiary WuZhong City WeiZe New Energy Co., Ltd. has received the approval from the Development and Reform Commission of the Ningxia Hui Autonomous Region regarding the "Thousand Villages and Ten Thousand Villages Wind Action" 30MW distributed wind power pilot project. The total investment of the project is 162 million yuan, with the project capital accounting for 20% of the total investment, funded by the project construction unit's own funds, while the remaining portion will be financed through loans. The project is located in Dahe Township, Hongsi Fort District, WuZhong City, with a total installed capacity of 30MW wind turbines. The approval of the project promotes the coordinated development of the company's new energy power generation business and wind power reducer and increaser business, laying a solid foundation for the company to expand its new energy market and enhance clean energy production capacity

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**