Tenet Fintech Group Inc. announced that it has signed a national strategic cooperation agreement with China's Shanghai Electric Power Company (SEPC) to help the country with the implementation of its policy to have its carbon emissions peak by 2030 and achieve carbon neutrality by 2060. Ever since China's pledge to the world in 2020 to be carbon neutral by 2060, the government has adopted policies and allocated significant resources to promote and develop clean energy projects and initiatives throughout the country. Naturally, state-owned energy and engineering companies such as SEPC are expected to play major roles in helping slowly wean China off fossil fuels.

Those companies have been investing heavily in technology and partnering with clean energy solution providers such as Tenet to advance the country's renewable energy agenda. Named after China's 2020 pledge, Tenet's i3060 clean energy platform was introduced to SEPC as a tool used to digitize the feasibility and life cycle of a variety of clean energy projects. For instance, with i3060, virtually every rooftop in the country could potentially be converted into a small solar power plant not only potentially capable of meeting the energy needs of the business or residence under the roof, but also able to sell any excess energy produced to the energy grid.

SEPC and Tenet have agreed to partner up to prepare, present and promote nationwide solar power project proposals to the entities responsible for awarding the implementation of such projects. The proposed projects will run through the i3060 platform while SEPC will fund, manage and operate them.