Recently, the Equity Investment Fund for the Green New Energy Industry in Shandong Province, sponsored by Shandong's Fund for the Replacement of Old Growth Drivers with New Ones, completed its business registration in Jinan City. Its establishment marks a significant advancement for Shandong in the field of new energy investment. With a total scale of 100 billion yuan, it is the first fund for the industry at this scale established by Shandong's Fund for the Replacement of Old Growth Drivers with New Ones.

The newly established fund was jointly initiated by Shandong New Growth Drivers Fund Management Co., Ltd., Shandong Energy Group, and Xiamen ITG Holding Group Co., Ltd., focusing primarily on areas such as offshore wind power, offshore solar energy, energy storage, and hydrogen energy. It aims to nurture and uncover new quality productive forces in the new energy industry, with the goal of expediting the development of a clean, low-carbon, secure, and efficient modern energy system in Shandong.

In recent years, with a focus on building a green, low-carbon, and high-quality development pilot zone in the province, Shandong's Fund for the Replacement of Old Growth Drivers with New Ones has given full play to its leading and driving role as a government-guided fund to promote the growth of clean energy sources like wind power and solar energy, thus facilitating the green and low-carbon energy transition in energy structures.