Recent Engagements of Central and State-Owned Enterprises in New Energy
Recently, the deployment of central and state-owned enterprises (SOEs) in the new energy sector has noticeably accelerated, with several new companies established. State Development and Investment Corp (SDIC) Power has set up a wholly-owned new energy company in Yunnan, CGN Wind Power and TCL Zhonghuan have formed a joint venture (JV) in Ningxia, and Wanhua Chemical has partnered with China Energy Group to establish a clean energy company.
SDIC Power Establishes New Energy Company in Yunnan
On November 14, SDIC (Yunnan) New Energy Development Co., Ltd. was established with a registered capital of RMB 200 million. Its registered address is in Kunming City, Yunnan Province, and its legal representative is Gao Peng.
The company's scope of business includes wind power technology services, solar power generation technology services, and energy storage technology services.
According to the equity penetration data from Qichacha, the company is wholly owned by SDIC Power Holdings Co., Ltd.
CGN Wind Power and TCL Zhonghuan Invest to Form New Energy Company
On November 10, Lingwu Linglu New Energy Co., Ltd. was founded. Its legal representative is Li Guoqing, with a registered capital of RMB 5 million, and its registered address is in Lingwu City, Yinchuan, Ningxia.
The company's business scope includes: wind power technology services; R&D of high-efficiency energy-saving technologies for the power industry; solar power generation technology services; and energy storage technology services, among others.
Qichacha's equity penetration shows that the company is jointly held by CGN (Ningxia) New Energy Co., Ltd., a wholly-owned subsidiary of CGN Wind Power Co., Ltd., and Tianjin Zhonghuan New Energy Co., Ltd., a wholly-owned subsidiary of TCL Zhonghuan, with shareholding ratios of 51% and 49%, respectively.
Wanhua Chemical and China Energy Group Form Clean Energy Joint Venture
On November 7, Wanhua Green Energy (Dongming) Clean Energy Co., Ltd. was officially established with a registered capital of RMB 720 million. The legal representative is Sun Wei.
Qichacha's equity penetration indicates that the company was jointly funded by chemical giant Wanhua Chemical Group Co., Ltd. and Shandong Power Co., Ltd., a subsidiary of the energy sector leader China Energy Investment Group . Both parties hold a 50% stake.
Its business scope includes power generation, transmission, and supply (distribution) operations, wind power technology services, solar power generation technology services, energy storage technology services, contract energy management, centralized fast-charging stations, and research and development of emerging energy technologies.
Source：EnergyTrend