The PV industry becomes an important foothold for rural revitalization in the new situation of "carbon peaking and carbon neutrality". For China, "PV + rural areas" is an innovative path to achieving the objectives for economic development and ecological civilization during the "14th Five-Year Plan Period". PV generation is an effective approach to fully utilizing advantageous land and rooftops in rural areas to develop green economy, drive the upgrade of supportive industries, enable the steady growth of both economic strength and technological progress in rural areas, and really achieve the significant effects in "empower" rural revitalization. For a long time, BoComm Leasing has deeply implemented the "14th Five-Year Plan", seriously practiced the green development concept of "clean waters and green mountains are just as valuable as gold and silver", actively promoted high-quality development of renewable energies, implemented the strategic goals for carbon peaking and carbon neutrality, and empowered the steady progress of rural revitalization.
Be committed to financial development and drive the development of green economy. Recently, BoComm Leasing approved a lease credit of RMB 1 billion for Shanghai Yuanye New Energy Co., Ltd to build household distributed PV plants. On July 29, the Company released the first batch of fund valued RMB 170 million to support nearly 2,500 farm households to build new-energy PV plants on their rooftops. The electricity generated will be transmitted to the grid in full amount to both achieve the green alternation of new energy and increase the income of farmers. The implementation of this project proves that BoComm Leasing has implemented the decisions of the CPC Central Committee on supporting green development and all-round rural revitalization and taken practical actions to achieve the "carbon peaking and carbon neutrality" goals, develop beautiful rural areas, and provide solid guarantee for rural development.
Enhance financial services for rural revitalization and enable income growth of farmers. In previous stages, BoComm Leasing has supported Guizhou Jinyuan Weining Energy to build agricultural photovoltaic power stations, applied clean and renewable solar power generation to the field of modern agricultural planting, and realized the "complementation of agriculture and PV" in which the current generated by the solar panels erected on the upper part is connected to the nearest transformer substation for grid generation and the crops are planted on the lower part, without changing the land status. The project will provide rented land to local agricultural cooperatives for free, offer free start-up capital and install agricultural irrigation facilities to help local farmers increase incomes, aiming to achieve the win-win goals of increasing collective incomes for economically behindhand villages and green and low-carbon development.
BoComm Leasing will fully support the social-economic transformation towards green and low-carbon development, continue to safeguard the "clean waters and green mountains" with green finance, follow the orientation of ecology priority and green and low-carbon development, innovate financial products and service modes, play as the national backbone and main force developing beautiful rural areas by financial means, and financially contribute to rural revitalization and inclusive finance.