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An announcement from Comtec Solar Systems Group Ltd. ( (HK:0712) ) is now available.
Comtec Solar Systems Group has announced that its board has unanimously approved moving forward with the Fushan Project, a planned 150MW energy storage facility in Fushan County, Shanxi Province, combining 20MW of flywheel energy storage and 100MW of lithium battery storage in its initial 120MW phase. Building on its earlier minority investment in a similar Shanxi flywheel-lithium iron phosphate hybrid project, the group is now forming a dedicated project team and advancing fundraising and regulatory work, positioning itself to capitalize on China’s strong policy support and growing demand for green energy storage, while cautioning investors that the project and related plans may ultimately not materialise.
The most recent analyst rating on (HK:0712) stock is a Sell with a HK$0.10 price target. To see the full list of analyst forecasts on Comtec Solar Systems Group Ltd. stock, see the HK:0712 Stock Forecast page.
More about Comtec Solar Systems Group Ltd.
Comtec Solar Systems Group Limited is a Hong Kong-listed company engaged in solar and broader green energy businesses, focusing on investments in solar power and energy storage projects in mainland China, particularly those aligned with national carbon neutrality and clean energy initiatives.
YTD Price Performance: 3.00%
Average Trading Volume: 815,266
Technical Sentiment Signal: Sell
Current Market Cap: HK$110.2M
See more data about 0712 stock on TipRanks’ Stock Analysis page.