In recent days, another batch of State-Owned Enterprises (SOEs) has rushed to invest in and establish new clean energy-related companies, covering fields such as wind power, photovoltaics (PV), energy storage, and carbon technology. The total investment scale exceeds RMB 5.3 billion, marking an intensive push into the clean energy sector.
- RMB 720 Million: Wanhua Chemical and CHN Energy Form Joint Venture
On November 7th, Wanhua Green Energy (Dongming) Clean Energy Co., Ltd. was established with a registered capital of RMB 720 million.
The new company is registered in Dongming County, Heze City, Shandong Province, and its business scope includes: wind power generation technical services; solar power generation technical services; and energy storage technical services.
Equity data from Qichacha shows that the company is jointly held by the municipal SOE Wanhua Chemical and the national SOE CHN Energy Shandong Power Co., Ltd., with both parties holding a 50% stake.
- RMB 2 Billion: Huaneng Power International Establishes Wholly-Owned Clean Energy Company
According to Qichacha, Huaneng (Molidawa) Clean Energy Co., Ltd. was recently established with a registered capital of RMB 2 billion.
The new company is registered in Molidawa Daur Autonomous Banner, Hulunbuir City, Inner Mongolia Autonomous Region. Its business scope includes: wind power generation technical services; solar power generation technical services; PV power generation equipment leasing; energy storage technical services; and power generation technical services.
Equity data shows that the company is indirectly and wholly owned by Huaneng Power International.
- Over RMB 2.5 Billion: Xinjiang SOE Leads Establishment of Low-Carbon Energy Partnership
On November 10th, Xinjiang Tianfu Ronghui Low-Carbon Energy Partnership (Limited Partnership) was formally established with a capital contribution of RMB 2.5985 billion. The executive partner is Xinjiang Zhongtian Feichi Clean Energy Co., Ltd.
Registered in the Shihezi Economic and Technological Development Zone, Xinjiang, the new company's business scope includes: solar power generation technical services; energy storage technical services; PV power generation equipment leasing; R&D for carbon reduction, carbon conversion, carbon capture, and carbon sequestration technologies; wind power generation technical services; and emerging energy technology R&D. It focuses on the promotion of new energy technologies and the energy service sector.
This enterprise was jointly funded by China Fujiang Group Co., Ltd. (80% stake), Xinjiang Zhongtian Feidi Qingneng Development Co., Ltd. (19% stake), and Xinjiang Tianfu Energy Co., Ltd. (1% stake). The latter two are both State-Owned Enterprises.
Source：EnergyTrend
