Potential offtaker

ENN ENERGY

www.xinaogas.com

Estimated electricity consumption

N/A

Countries of production presence

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ENN Energy is a leading natural gas distributor in China that is committed to promoting decarbonisation and reducing carbon emissions in the country. The company has been at the forefront of China's transition towards cleaner energy sources and has made significant investments in renewable energy projects to achieve its sustainability goals.

Founded in 1992, ENN Energy has grown to become one of the largest natural gas distributors in China, with a presence in over 150 cities across the country. The company's core business is the distribution of natural gas to residential, commercial, and industrial customers through pipelines and compressed natural gas (CNG) stations.

As part of its commitment to decarbonisation, ENN Energy has been actively promoting the use of natural gas as a cleaner alternative to coal in China. The company has invested heavily in the construction of natural gas pipelines and CNG stations to expand the reach of natural gas to more customers. By promoting the use of natural gas, ENN Energy has helped to reduce China's reliance on coal, which is a major contributor to air pollution and greenhouse gas emissions.

In addition to its core business of natural gas distribution, ENN Energy has also been actively investing in renewable energy projects to reduce its carbon footprint. The company has invested in wind, solar, and biomass projects across China, with a total installed capacity of over 1,000 MW. These renewable energy projects have helped to diversify ENN Energy's energy portfolio and reduce its reliance on fossil fuels.

To further promote renewable energy, ENN Energy has also been offering corporate power purchase agreements (PPAs) to its customers. Corporate PPAs allow companies to purchase renewable energy directly from a generator, bypassing the traditional grid and reducing their carbon footprint. ENN Energy has signed several corporate PPAs with large corporations in China, including Alibaba and JD.com, to provide them with renewable energy.

ENN Energy has also been actively promoting corporate energy management to its customers to help them reduce their energy consumption and carbon emissions. The company has developed a suite of energy management services, including energy audits, energy efficiency consulting, and energy performance contracting, to help its customers improve their energy efficiency and reduce their carbon footprint.

In addition to its sustainability efforts, ENN Energy has also been actively involved in community development and social responsibility initiatives. The company has established the ENN Charity Foundation, which focuses on education, poverty alleviation, and disaster relief in China. The foundation has donated millions of dollars to various charitable causes and has helped to improve the lives of thousands of people in China.

Overall, ENN Energy is a leading natural gas distributor in China that is committed to promoting decarbonisation and reducing carbon emissions in the country. The company has made significant investments in renewable energy projects, corporate PPAs, and corporate energy management services to achieve its sustainability goals. With its strong commitment to sustainability and social responsibility, ENN Energy is well-positioned to continue leading China's transition towards cleaner energy sources.

✓ Declared Net Zero commitment