---
title: "Befar plans to invest 1.421 billion yuan to construct the Beihai Binhua New Materials Source Network and Hydrogen Storage Integration Project of Befar Group"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/259494465.md"
description: "Befar plans to invest 1.421 billion yuan to construct the Beihai Binhua New Materials Source Network Integrated Project, aiming to leverage the land and abundant wind and solar resources of the Beihai Economic Development Zone to promote the coupled development of new energy and chemicals. The project will include a 160MW wind power plant, a 100MW photovoltaic power station, and a 130MW/260MWh energy storage facility, assisting the company's green and low-carbon transformation"
datetime: "2025-09-30T09:42:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/259494465.md)
  - [en](https://longbridge.com/en/news/259494465.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/259494465.md)
---

# Befar plans to invest 1.421 billion yuan to construct the Beihai Binhua New Materials Source Network and Hydrogen Storage Integration Project of Befar Group

According to the Zhitong Finance APP, Befar (601678.SH) announced that in order to promote the utilization of the vast land resources and rich wind and solar resources in the Binhai North Economic Development Zone and Wudi County, achieve local consumption of wind and solar new energy, build a diversified and intelligent energy supply and consumption system, create a model for the coupled development of "new energy + chemical industry," and accelerate the company's green and low-carbon transformation and development, the company plans to invest in the construction of the Binhai Group Beihai Binhua New Materials Source Network Integrated Project through its holding subsidiary Shandong Binhua New Energy Co., Ltd. (referred to as "Binhua New Energy"). This project includes a 160MW wind power plant, a 100MW photovoltaic power station, a 130MW/260MWh energy storage device, and a 110kV booster station (including an intelligent energy comprehensive dispatch and control center, etc.), with a total investment of 1.421 billion yuan

### Related Stocks

- [601678.CN](https://longbridge.com/en/quote/601678.CN.md)

## Related News & Research

- [InZinc releases investor presentation on Indy critical minerals exploration in central British Columbia](https://longbridge.com/en/news/296258337.md)
- [The Crest Group Acquires Dukane, a Global Leader in Advanced Ultrasonic Solutions and Plastic Joining Technologies](https://longbridge.com/en/news/296260544.md)
- [New Wallet Withdraws 33,810 HYPE From CEX, On-Chain Monitor Says](https://longbridge.com/en/news/295989139.md)
- [08:13 ETRing-Type PZT Actuators with High Load Capacity for Nanopositoining & Optics](https://longbridge.com/en/news/296226938.md)
- [Stock Spirits says 2025 Scope 1 and 2 emissions fall 12% to 30,649 tCO2e](https://longbridge.com/en/news/296202501.md)