On July 1, Hubei Energy Group issued several announcements that the company intends to build a total of 1.9 GW photovoltaic power generation projects in Dingbian, Yulin, Jingbian and Shenmu, Shaanxi Province.
The specific projects are as follows:
Dingbian Longwu New Energy Development Co., Ltd. intends to invest no more than RMB2,972,928,500 in the construction of a 500 MW photovoltaic power generation project in Dingbian. According to the progress of the project, the registered capital will be gradually increased from 1 million yuan to no more than 890 million yuan.
Yulin Longwu Wisdom New Energy Development Co., Ltd. intends to invest no more than RMB 2,464,878,600 in the construction of Yuyang District Phase I 400MW Photovoltaic Power Generation Project. The registered capital of the Company will be gradually increased from RMB1 million to no more than RMB740 million. Longwu New Energy Co., Ltd.
of Jingbian County intends to invest no more than RMB 1,806,498,600 in the construction of 300MW photovoltaic power generation project in Jingbian County. The registered capital of the Company will be gradually increased from RMB1 million to no more than RMB540 million.
Shenmu Longwu New Energy Development Co., Ltd. intends to invest no more than RMB2,989,946,600 in the construction of Shenmu 500MW Photovoltaic Power Generation Project. The registered capital of the Company will be gradually increased from RMB1 million to no more than RMB890 million.
Yulin Longwu Xudong New Energy Development Co., Ltd. intends to invest no more than RMB1,197,369,300 in the construction of Yuyang Phase II 200MW Photovoltaic Power Generation Project. The registered capital of the Company will be gradually increased from RMB 1 million to no more than RMB 360 million.
The above project companies are indirect holding companies of Hubei Energy Group, and their capital increase is paid by Hubei Energy Group Northwest New Energy Development Co., Ltd., a wholly-owned subsidiary of the company, step by step with its own funds.
In addition, Hubei Energy Group also announced that in order to speed up the investment and construction of projects above Shaanxi-Wuhan DC Phase I Outbound New Energy Base and meet the needs of project construction funds, the company intends to increase its capital by 2.6 billion yuan to Hubei Energy Group Northwest New Energy Development Co., Ltd., a wholly-owned subsidiary of the company, with its own funds. The registered capital of the company will be increased from 400 million yuan to 3 billion yuan, which will be paid in place step by step according to the progress of the above five projects.
According to public information, the reason for the cross-provincial construction project of Hubei Energy Group is that there is a UHV line from Shaanxi to Hubei, and through the coordination of the relevant energy departments of both sides, Hubei has obtained a certain quota of electricity, whi ch also gives Hubei Energy Group the installed capacity of new energy in Shaanxi. So that the electricity can be sent back to Hubei .
As for whether the geographical scope of new energy business expansion is no longer limited, the company's staff said that because the company and energy companies in other provinces are holding companies of the Three Gorges Group, there is competition in the same industry, so it is still necessary to develop projects in Hubei Province.
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