Zhonghuan Renewable Energy (01735) and Sama Tech sign a Memorandum of Understanding

According to Zhitong Finance App, Central New Energy (01735) announced that on April 7, 2025, Sama Tech Ventures L.L.C (Sama Tech) signed a memorandum of understanding with the company. According to this, the parties to the memorandum of understanding intend to establish a long-term cooperation mechanism in the United Arab Emirates and the Gulf Cooperation Council region in the field of information exchange, business development and project cooperation in the field of decarbonization.

The announcement stated that through the cooperation proposed and planned in the memorandum of understanding, the contracting parties can integrate resources, agree on strategies, and establish a long-term information exchange mechanism to share policy changes, technological breakthroughs and project opportunities in the field of decarbonization in the UAE, GCC countries and the world. With its experience in the Middle East market, Sama Tech can provide local policy interpretation, resource coordination and other support for the company's market expansion and project implementation in the UAE and GCC regions. The company can also rely on its technological reserves and production capacity advantages to form synergy with Sama Tech in the fields of low-carbon technology export and green energy investment. Cooperation and exploration between the two sides in commercializing low-carbon technologies and expanding into emerging markets will help the company accelerate the expansion of markets along the “Belt and Road” and provide an innovative model of “China Solution+Middle East Practice” for global energy transformation.