JIC Leasing recently established a partnership with a state-owned photovoltaic generation poverty alleviation enterprise in Shandong Province to provide it with financial leasing services to support its power station capacity expansion and upgrade and green new energy development.

As one of China’s first batch of photovoltaic poverty alleviation enterprises, in Shandong Province, a region with rich sunlight resources, adequate available-for-use idle land such as barren mountains and slopes, and has an inherent advantage in developing the photovoltaic poverty alleviation industry. Photovoltaic power generation is a clean energy source. Photovoltaic poverty alleviation projects can be constructed in poverty-stricken areas with abundant solar sources, and photovoltaic power generation facilities can be built in rented local idle land. Hence, the earnings from power generation can be shared with the local government. Since its completion, this project has effectively enhanced the utilization efficiency of idle land, which not only helps accomplish the local poverty reduction goal but also boosts the development of green and eco-friendly industries.

Upholding the concept of green development, JIC Leasing has continuously increased its support to green, low-carbon and new energy sectors, and actively supported poverty alleviation endeavors to fulfill its social responsibility as a state-owned financial enterprise.