Jingko Technology to Invest $34B in 1GW Data Center Project in Ningxia, China

Gate News message, April 16 — Jingko Technology announced on April 16 that it has signed an investment agreement with the Zhongwei Municipal Government in Ningxia to develop a 1GW data center project. The company plans to invest approximately 245 billion yuan (about $34 billion USD) in the initiative, which aims to integrate renewable energy with computing capacity to create a green energy-computing ecosystem.

The project will occupy approximately 800 acres and deploy roughly 50,000 server cabinets across three construction phases. Jingko will serve as the lead investor and coordinate the project's development while bringing in strategic partners for co-investment. The initiative represents the company's strategic shift toward becoming a provider of green computing capacity and integrated energy services.

The company noted that due to the project's substantial scale and pending requirements—including national approval, land acquisition, and partner coordination—the final plan may undergo significant adjustments or be terminated. These contingencies are not expected to have a material impact on the company's current financial performance.