The report is accompanied by an open letter from Ma, Chairman and CEO of Tencent. "In order to achieve this goal, Tencent will follow the principle of' emission reduction and green power first, offset second', vigorously improve the energy efficiency of data centers, actively participate in the transformation of green power and related market construction, and constantly explore technological innovations in the field of carbon sinks."

This may mean that in order to achieve the goal of 100% green power in 2030, internet giants will inevitably increase their investment in renewable energy in the future.

In fact, in this report, the initiatives and achievements in the field of renewable energy have become the key action direction of Tencent's carbon neutrality. These measures will be carried out from three aspects: first, continuously increase the utilization ratio of renewable energy, deploy rooftop photovoltaics in data centers, explore new energy microgrid technology, build energy storage power stations, and equip them with smart energy management systems; Second, vigorously promote the procurement of renewable energy and participate in the market-oriented trading of green electricity. In 2022, a 500 million kWh green power procurement contract was signed; Third, explore the development of centralized power stations, promote renewable energy access to the Internet, enhance load flexibility, and match renewable energy utilization technologies.

It is worth mentioning that Tencent clearly stated in the report that "it will greatly increase the proportion of renewable energy, especially in the field of electricity consumption, actively participate in green power trading, and explore the investment and development of new energy projects."

In 2020, Tencent has started the development and construction of distributed rooftop photovoltaic in data centers. In September of 20021year, the 6.6MW distributed photovoltaic project in Qingyuan Qingxin Data Center Park of Tencent was connected to the grid for power generation, and the power generation has exceeded 4 million kWh. In February 2022, Yizheng Data Center 13MW distributed photovoltaic project was successfully connected to the grid for power generation.

Tencent disclosed that it is planning to build about 32MW distributed photovoltaic projects such as Qingyuan Qingcheng, Tianjin Gaoxin and Shanghai Qingpu, and explore about 30MW wind and light integration projects in Huailai, Hebei Province, and explore a new model of green and low-carbon data centers. According to statistics, up to now, the distributed new energy projects in Tencent's data center park have exceeded 80MW, and the annual power generation is expected to exceed 80 million kWh after completion.

In order to enhance the load elasticity of data center, Tencent also put the planning of energy storage power station on the agenda. It is planned to connect Qingyuan Qingxin Garden and Shanghai Qingpu Garden's energy storage power station, so that the data center can realize a callable and adjustable power node. "In order to make good use of the characteristics of distributed new energy close to the load center and facilitate the derivation of low-carbon energy utilization scenarios such as light storage, scenery storage and source network storage, we have cooperated with universities such as Tsinghua University, Huazhong University of Science and Technology and Xi Jiaotong University, and actively explored the use of digital systems such as smart energy management platform, electricity market trading and carbon emission trading, so as to find a better utilization mode of renewable energy. "Tencent introduced in the report.

In the market-oriented trading of green electricity, Tencent has tested the green electricity trading in July 20021year. In September last year, the wind power purchase agreement was signed, and the Shenzhen-Shantou data center became the first market entity to participate in the green power transaction organized by the state. For this year's green power procurement, Tencent signed a green power trading contract with a total amount of 504 million kWh, locking in the annual partial power generation of six wind power photovoltaic projects.

It is worth noting that Tencent also released the signal of investing in the development of centralized new energy projects in this report.

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