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shanghai rural commercial bank launched the first batch of climate investment and financing projects in shanghai

2024-09-14

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at present, pudong new area is actively carrying out the first batch of climate investment and financing pilot projects in the country. as an important part of green finance, climate investment and financing refers to guiding and promoting more funds to be invested in investment and financing activities in the fields of climate change mitigation and adaptation.

on september 12, 2024, witnessed by shanghai municipal ecology and environment bureau, shanghai municipal party committee financial office and others, shanghai rural commercial bank, as one of the first financial institutions, signed a strategic cooperation agreement on climate investment and financing pilot projects with pudong new area ecology and environment bureau, and implemented the first batch of climate investment and financing projects in shanghai.

with the development of industries such as artificial intelligence in shanghai, the demand for data centers (idcs) and computing power in related industries is growing. at the same time, as a high-energy consumption project, idc itself has much room for improvement in energy conservation, consumption reduction, and indirect emissions reduction.

industry-leading company gds has actively responded to policy trends and industry demands, and launched construction of green data centers and other projects, making the gds pujiang data center a green and energy-saving demonstration project of gds. however, large-scale green data centers also have the characteristics of large total investment amounts and long construction periods.

shanghai rural commercial bank strongly supports the construction and renovation of gds pujiang data center, and actively coordinates multiple banks to form a large-amount, long-term, low-interest syndicated loan, which is directly used to increase the proportion of renewable energy use, ai intelligent operation efficiency improvement plan, energy-saving technology upgrade and renovation, chilled water waste heat recovery heating and other fields. as the lead bank, agent bank and settlement bank of the syndicate, shanghai rural commercial bank escorts the completion and implementation of the project.