Qinshang Optoelectronics won the bid for the 46,000-inch LED streetlight renovation project in Qingyuan City

On October 10, Qinshang Optoelectronics announced that the company and China Southern Power Grid Integrated Energy Co., Ltd. formed a consortium and won the bid for the Qingyuan City LED Comprehensive Energy Management Service Purchasing Project.

It is reported that the project plans to renovate 46,000 street lamps and adopt the contract energy management (EMC) mode. The Qingyuan City Management Bureau will pay back the electricity savings according to the ratio confirmed by both parties. The Qingyuan City Management Bureau shares 15% of the energy-saving benefits. Optoelectronics and South Network Power share 85% of energy-saving benefits.

Qinshang Optoelectronics said that the bid for the Qingyuan LED energy-saving renovation project will help further its market share in the LED lighting sector in Guangdong Province, consolidate the company's brand influence and its leading position in the industry.

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