Recently, Shanghai Electric and Hitachi Energy (China) Co., Ltd. successfully signed a Green Certificate (GC) transaction contract, marking a solid step forward in their joint efforts to promote green electricity and contribute to China’s dual-carbon goals.

Under the contract, Shanghai Electric will supply approximately 50,000 Green Power Certificates (2024–2025) for Hitachi Energy’s 10 operations in China. The first batch of 4,200 certificates has already been successfully delivered. This collaboration will provide Hitachi Energy with an environmental advantage in State Grid bidding processes and support its goal of achieving 100% renewable electricity consumption in China.

The partnership builds on a long-standing relationship between the two companies. As early as 1994, Hitachi Energy (China) and Shanghai Electric jointly established Hitachi Energy Shanghai Electrical Transformer Co., Ltd., working closely in the development and production of power equipment and fostering deep mutual trust and collaboration. This latest green certificate initiative injects fresh momentum into their partnership, expands the scope of cooperation, and strengthens strategic ties.

Looking ahead, the two parties will take this cooperation as a new starting point to deepen collaboration in the field of green energy. By leveraging their respective strengths, they aim to broaden cooperation in green certificate trading, new energy project development, and green technology innovation, jointly exploring new paths for sustainable energy and making meaningful contributions to China’s energy transition and carbon neutrality goals.