Sunday, May 22 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of May 16
Week of May 09
Week of May 02
Week of Apr 25
Week of Apr 18
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Longyuan Power listed on A-share market, "China's first new energy company", and return of the dual-carbon Dongfeng to help national strategy

    January 25, 2022 - China Business News


      Jan. 25 -- China Longyuan Power Group Corp Ltd. issued the following news release:

      On January 24, Longyuan Power, the core enterprise in the new energy sector of the National Energy Group and the world's largest wind power operator, was officially listed on the A-share market. The listing of Longyuan Power in A-shares through absorption and merger is an important measure taken by National Energy Group to build an A+H wind power listing platform, integrate high-quality assets, and further strengthen and expand the new energy sector. And" the main force and vanguard in the national strategy.

      At 9:25 in the morning, along with Xiang Haiping, chief engineer of the National Energy Administration, Cai Anhui, member of the party group and chief accountant of National Energy Investment Group Co., Ltd., Guan Dingbang, member of the Standing Committee of the Party Committee and deputy general manager of China Eneng Construction Group Co., Ltd., Longyuan Power Li Zhongjun, Secretary of the Party Committee and Chairman of the Group Co., Ltd., Ma Yao, Member of the Executive Committee of CITIC Securities and Director of the Global Investment Banking Committee, and Li Yongyan, Director of the Market Service Department of Beijing Financial Street Service Bureau, jointly sounded the opening treasure at the Northern Market Service Center of the Shenzhen Stock Exchange. Zhong, Longyuan Power (001289) was officially listed on the main board of the Shenzhen Stock Exchange, opening the curtain for the new energy power generation enterprises under the five major power generation groups to land on the A-share market. Guest representatives from national ministries, local governments, central enterprises, industry institutions and partners witnessed this milestone moment together.

      In the era when all walks of life are striving for the "dual carbon" goal, Longyuan Power was officially listed on the A-share market, becoming the first domestic H-share new energy power generation central enterprise to return to the A-share market, and the first new energy enterprise of the five major power generation groups to land on the A-share capital market. , The first order to simultaneously implement share swap absorption merger, asset sale and asset purchase projects. This is a major measure taken by China National Energy Group to implement the national "dual carbon" strategy and promote the group's green and low-carbon transformation and development. It is also a new milestone of Longyuan Power's firm reform and development and the establishment of a world-class new energy company with global competitiveness.

      It is understood that this listing adopts an innovative plan of simultaneous implementation of share swap absorption merger, asset sale and asset purchase. After the transaction is completed, the installed capacity of Longyuan Power Wind Power Holdings will reach 25.5629 million kilowatts, and the installed capacity will continue to increase. In addition, China National Energy Group has issued a commitment that after the completion of this transaction, it will effectively promote the injection of a total of 21.4067 million kilowatts of other subordinate wind power assets into Longyuan Power through asset injection, formation of joint ventures, asset replacement, etc., and actively grasp the history of industry development. Opportunities to promote the sustainable and steady development of the new energy business, and constantly expand the leading edge of the National Energy Group in the field of new energy power generation.

      Longyuan Power is the core enterprise of the new energy sector of the National Energy Group, as well as the pioneer, pioneer and leader of China's wind power industry. The company has always been committed to "devoting clean energy and building a beautiful China". It was successfully listed on the main board of Hong Kong in 2009 and was known as "the first stock of new energy in China". Since 2015, it has continued to maintain its status as the world's largest wind power operator, with business covering 32 provinces, autonomous regions and municipalities in China as well as Canada, South Africa, Ukraine and other countries. As of December 2021, the company's installed capacity of various power sources has reached 26.5486 million kilowatts, of which wind power holding installed capacity is 23.5678 million kilowatts, photovoltaics 1.0457 million kilowatts, thermal power installed capacity is 1.875 million kilowatts, and other renewable energy holdings have an installed capacity of 60,100 kilowatts.

      After the listing of A-shares, Longyuan Power will open up the "A+H" capital channel, the domestic and overseas financing channels will be more smooth, the scale effect of assets will be released, the Longyuan brand influence will be more extensive, and the core competitiveness and sustainable profitability will be further consolidated and promote. As a scarce new energy power generation investment target in the A-share market, the listing of Longyuan Power is also conducive to deepening investors' understanding of the industry and enterprises, and promoting more social capital to help the high-quality development of the new energy industry.

      At the same time, by building a 100 billion-level A+H listing platform and integrating high-quality assets, the National Energy Group will fully expand financing channels, and will provide strong financial support for seizing the opportunities for rapid development of the new energy industry during the "14th Five-Year Plan" period, and further strengthen Expand the new energy sector, help build a world-class energy group with global competitiveness, and make important contributions to developing a green economy, building a green society, and achieving "carbon neutrality".

      State Grid Corporation of China, China Southern Power Grid Co., Ltd., China Eneng Construction Group Co., Ltd., General Electric Power Planning and Design Institute, China Renewable Energy Society, Yinhua Fund Management Co., Ltd., China Development Bank, Industrial and Commercial Bank of China Co., Ltd. , China Construction Bank Co., Ltd., Xinjiang Goldwind Technology Co., Ltd., Envision Energy Co., Ltd. and other more than 20 enterprises and institutions related responsible persons attended the ceremony.

      Disclaimer: The above content is auto translated

      Source: China Longyuan Power Group Corp Ltd.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.