NETDA launches new energy enterprises alliance

The Nantong Economic and Technological Development Area or NETDA – located in Nantong city in East China's Jiangsu province – on June 13 established an industry alliance for its resident new energy enterprises.

The move aims to boost their core competitiveness and build an influential new energy industrial base in the Yangtze River Delta region. The area is expected to achieve 50 billion yuan ($7.46 billion) in the overall scale of the new energy industry by 2025.

According to Bao Delin, director of the NETDA administrative committee, the alliance will help new energy enterprises to increase the sharing of resources, talent and technologies.

In response to China's dual carbon goals – peak carbon dioxide emissions before 2030 and achieving carbon neutrality before 2060 – in recent years, the NETDA has been vigorously developing its new energy sector.

It has been focusing on solar power, lithium and hydrogen energy and striving to form an industrial cluster.

The taxable sales of the area's new energy sector reached 10 billion yuan in 2020 and this is expected to reach 20 billion yuan this year.