Shanghai Approves 3 Green Power Direct-Connection Projects for 2026

The split between implementation and reserve pools signals that Shanghai is staging green power direct-connection capacity rather than approving it all at once, with storage attached to both tranches. The reserve project's larger generation and storage figures suggest the pipeline, not the current tranche, carries the scale. For corporates and generators eyeing direct green power deals in Shanghai, whether the reserve project advances to implementation is the open question worth tracking.