# Shanghai Electric launches large-scale equipment manufacturing site in Penglai

Shanghai Boiler Works, a subsidiary of Shanghai Electric, officially launched a large-scale high-end equipment manufacturing site project in Penglai Wind Power Industrial Park, Yantai, Shandong. The total investment is CNY 2 billion, with the initial phase of CNY 310 million.

- Type: New facility
- Announced: 2024-12-17
- Where: Penglai Wind Power Industrial Park, Yantai City, Shandong Province, China
- Value: $274.0M (2.00B CNY)
- Status: under construction
- Capacity: 13,400 tons per year
- Products: power plant boilers and systems, large high-end pressure vessels, FPSOs, reactors, CO₂ storage tanks
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Shanghai Electric](https://endata.com/companies/1068.md)
- [Shanghai Boiler Works](https://endata.com/companies/28512.md)

## Sources

- [shanghai-electric.com](https://www.shanghai-electric.com/group_en/c/2024-12-25/582214.shtml), 2024-12-25: "The project has a total investment of CNY 2 billion, with the initial phase allocated CNY 310 million."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.