of June 2, China Power Construction issued an indicative announcement on the spin-off listing. The company intends to spin-off its holding subsidiary, China Power Construction New Energy Group Co., Ltd., to be listed on the domestic stock exchange, and authorizes the management of the company to start the preparatory work for the spin-off listing.
China Electric Power Construction said that the spin-off listing will help the company seize the "double carbon" opportunity and serve the national strategy. "3060 Carbon Target" requires China to accelerate the transformation of energy structure to clean and low-carbon, and accelerate the construction of a new power system with new energy as the main body. The
world's largest centralized photovoltaic power plant in mountainous areas & nbsp; Source: Power Construction New Energy
According to the data, the business scope of Power Construction New Energy includes hydropower generation, wind power generation, solar power generation, bio-power generation, renewable energy development, etc. By the end of 2022, the grid-connected installed capacity of Wind and Solar New Energy of Power Construction New Energy Holdings is about 10 million kilowatts, which has become a first-class enterprise in the domestic new energy investment and operation industry.
It is reported that the listing of the subsidiary company of China Electric Power Construction is related to the lack of funds for the company's development. During the 14th Five-Year Plan period, China Electric Power Construction plans to rely on the new energy of electric power construction to develop wind power and photovoltaic new energy with an installed capacity of about 50 million kilowatts, which is limited by the low valuation of the electric power engineering sector, or it is difficult to leverage such a large-scale financing.
Source: Digital New Energy DNE