On August 28, Huadian International released its mid-year report. The report showed: Huadian International injected approximately 8 million kilowatts of wind and solar assets from Huadian Laizhou Wind Power Co., Ltd. and Huadian Shandong New Energy Co., Ltd. into Huadian Fuxin New Energy Development Company and obtained The latter 37% equity. At the same time, Huadian Group injected its Hunan regional thermal power assets such as Changsha Power Co., Ltd. and Pingjiang Power Generation Co., Ltd. into the Huadian International listing platform.

Huadian International Holdings' installed capacity at the end of 2020 and the first half of 2021

Specifically, in addition to the 399,000 kilowatt wind power project held by Inner Mongolia Huadian Energy Co., Ltd., Huadian International sold all the equity and assets of 27 new energy companies held by the holding company and 10 new energy companies indirectly held to Fu new development.

Huadian International sold 27 new energy companies to Fuxin Development

The above adjustments and asset delivery have been completed, and Huadian Group disclosed the above news on June 30. On the same day, Huadian International Power Co., Ltd., a listed electric power company under Huadian Group, held a general meeting of shareholders to review and approve the new energy transaction plan.

Huadian Group stated that this reorganization indicates that the group company has completed the optimization and adjustment of the new energy asset layout. In the future, Huadian Power International is positioned as a conventional energy integration platform focusing on clean energy, and by supporting its large-scale equity participation in Fuxin Development and injecting high-quality thermal power assets in the Hunan region, it has consolidated the foundation for the sustainable and healthy development of conventional energy platforms and gained Recognized by independent shareholders and the capital market.

The new platform, Fuxin Development, has become the only new energy business development platform of Huadian Group. During the 14th Five-Year Plan, Huadian Group will use Fuxin Development as a platform to vigorously develop new energy and create a new market value of 100 billion yuan. Energy aircraft carrier.

In fact, after the delisting of Huadian Fuxin’s H-share Hong Kong Stock Exchange, Huadian Group has accelerated the pace of new energy asset restructuring. Huadian Fuxin has only delisted for three months. Huadian Group has 154 units in 26 regions with a total installed capacity of more than 16 million. The wind and photovoltaic assets with kilowatts and total assets of over 100 billion are all injected into Fuxin Development, and the first batch of asset reorganization will be completed by the end of 2020.

Before the delisting of Huadian Fuxin, the cumulative installed capacity of wind and light was only 9.384 million kilowatts (as of the end of June 2020). After the reorganization, the total installed capacity of Fuxin Development has increased to 25 million kilowatts, with total assets of nearly 170 billion yuan, and 29 industries across the country. Provinces (cities, districts) and Europe.

The other five major power generation group listed companies with wind and solar new energy as the mainstay, Datang New Energy and Longyuan Power have 12,207,520 kilowatts and 24,907 million kilowatts respectively. Huaneng New Energy, which has also been delisted from the market, according to its official website, as of 2020 At the end of December 2009, the installed capacity reached 14.63 million kilowatts. This means that the installed capacity of Fuxin Development after the reorganization will rank first among China's five largest power generation group new energy companies.

As for whether the reorganized new energy will be listed, a person in charge of the Fuxin Development Department said: "Huadian Group has spent huge sums of money to complete the privatization, and it will inevitably seek better equity financing directions, or raise funds in places with higher valuations, or Introduce strategic investors", but it is not convenient to disclose whether it will return to A-share listing in the future. "