CNOOC's green power trading volume has exceeded 300 million kWh

As of October 23, CNOOC, through its subsidiary CNOOC Power Investment Co.
, Ltd.
(CNOOC), has accumulated more than 300 million kWh
of green power transactions.
Among them, 118.
5 million kWh of green power were traded in Guangdong and 186 million kWh were traded in northern Hebei, ranking first
in the regional electricity market in terms of total green power transactions.

It is understood that the green power purchased by CNOOC Power Investment from northern Hebei is mainly supplied to the production of oil and gas fields in the Bohai region of CNOOC, helping China's large-scale crude oil production base Bohai Oilfield to achieve "green power into the sea"
.
Up to now, all 29 offshore production platforms in the Qinhuangdao 32-6 oilfield and Caofeidian 11-1 oilfield group in the Bohai Oilfield are connected to green electricity
.
The green power purchased by CNOOC Power Investment in Guangdong is used to ensure the production demand of projects such as Huizhou Petrochemical and CSPC, and to empower the construction of
CNOOC's zero-carbon plant.

According to the average emission factor of 0.
5271 tons of carbon/MWh of the Southern Regional Power Grid, the 118.
5 million kWh of green power purchased by CNOOC in Guangdong can reduce carbon dioxide emissions by about 63,000 tons, and according to the average emission factor of 0.
8843 tons of carbon/MWh of the North China Regional Power Grid, the 186 million kWh of green power purchased in northern Hebei can reduce carbon dioxide emissions by about 164,000 tons, a total of about 227,000 tons
.

On September 7, 2021, China's green power trading pilot was officially launched
.
CNOOC unswervingly implements the decisions and arrangements of the Party Central Committee, implements the green and low-carbon development strategy, and actively participates in green power trading
.
On November 24, 2021, in the monthly renewable energy power transaction in Guangdong Province in December, CNOOC and reached a green power transaction of 1 million kWh, realizing CNOOC's first green power transaction, marking a new step
in CNOOC's journey of green and low-carbon transformation.

As the only power purchase and sales platform of CNOOC, the gas power plant project investment and carbon asset management platform company of CNOOC Gas and Power Group, since its establishment in December 2020, CNOOC Power Investment has successfully obtained the qualification for purchasing and selling electricity in the power markets of Guangdong, Hebei and Shandong, and actively expanded the power market business of Zhejiang, Hainan and Hebei South Power Grid.
At the same time, it has established a good partnership with five major power groups such as Huadian Power, Huaneng and State Power Investment to deeply tap the market value of new energy such as wind power and photovoltaic power generation, vigorously expand green power and thermal power trading, and actively implement the integrated business strategy of "development, sales and use" to help CNOOC green and low-carbon transformation
.
(Li Shan)