Xiehe New Energy signed a 469 megawatt power purchase agreement with Tesla

According to Jinshi reports, Xiehe New Energy (00182.HK) announced in Hong Kong that its wholly-owned subsidiary in the United States has signed three long-term power purchase agreements with Tesla for solar projects located in the United States, with a total capacity of approximately 469 megawatts (AC side).

According to the agreements, after the full capacity of the three projects is put into operation, the company will provide Tesla with approximately 1,200 gigawatt-hours of electricity annually, with the first project expected to start supplying power in the first half of 2027.