VNET Group enters cooperation agreement with Shandong Hi-Speed

VNET Group announced that it has entered into a strategic cooperation agreement with Shandong Hi-Speed Holdings Group, an overseas investment and financing as well as emerging industrial holding platform of Shandong Hi-Speed Group. Pursuant to the agreement, SDHG and VNET will leverage their respective resources and strengths to develop renewable energy projects in northern China. This partnership aims to jointly build low-carbon, secure and highly-efficient renewable energy system, aligning with the national strategy “East Data, West Computing.” Furthermore, both parties will join hands to build computing power network infrastructures encompassing data center, cloud computing and big data to promote the low-carbon and high-quality development of IDC services.