On December 7, 2021, Guangzhou Development Group Co., Ltd. issued two announcements stating that Guangzhou Development New Energy Co., Ltd., a wholly-owned subsidiary of the company, and Luquan Yi and Miao Autonomous County People’s Government signed a 12.5 billion investment agreement and proposed Acquired Yingcheng Donggang Wind Power Development Co., Ltd. for 149 million yuan.

12.5 billion construction of wind and solar energy storage and power generation projects

According to the "Yunnan Luquan New Energy and Zero Carbon Industrial Park Project Investment Framework Agreement", Guangzhou Development New Energy Co., Ltd., a wholly-owned subsidiary of Guangzhou Development Group Co., Ltd., and the People's Government of Luquan Yi and Miao Autonomous County jointly invested in the construction of integration of wind and energy storage Power generation base project.

Guangzhou Development stated that it was approved by the 38th meeting of the company’s eighth board of directors and agreed to invest in the establishment of Luquan Suifa New Energy Co., Ltd. (tentative name) in Luquan County, with the first phase of registered capital of RMB 200 million. . According to the announcement, the total investment in the Yunnan Luquan New Energy and Zero-Carbon Industrial Park project is RMB 12.5 billion. Among them, Guangzhou Development New Energy Company is responsible for the investment in the construction of integrated wind and solar storage power generation base projects (according to 200MW centralized wind power generation, 1000MW centralized wind power generation) Photovoltaic power generation, 800MW distributed photovoltaic power generation scale) is about 8.5 billion yuan, and Guangzhou Development New Energy Company, Shilin Hongqi Real Estate Co., Ltd. and Yunnan Jinning Investment Co., Ltd. have introduced about 4 billion yuan in other industrial projects. The three companies invested in the construction of wind photovoltaic power generation bases, equipment manufacturing, green data centers, wind photovoltaic hydrogen production, agricultural e-commerce and intelligent warehousing logistics, new industrial compound talent training, industrial funds, and living and commercial supporting facilities in the Luquan Yi and Miao Autonomous County area. Zero Carbon Industrial Park.

The three companies formed an investment consortium to raise funds for construction. The project cooperation period is 5 years, from January 2022 to December 2026. The People's Government of Luquan Yi and Miao Autonomous County agreed to the three companies to invest in the construction of the Yunnan Luquan New Energy and Zero Carbon Industrial Park project in Luquan County, and actively implement relevant national, provincial, city and county preferential policies for enterprises. During the period of cooperation between the two parties, no other new energy companies will be introduced until Party B's new energy investment targets are met.

Guangzhou Development said that the new energy company signed the framework agreement this time, which is conducive to expanding the company's new energy business scale, promoting the company's implementation of the integration of solar and energy storage projects in Luquan County, and helping the company's green and low-carbon energy enterprise group to achieve its strategic goals. The company will set up a project company to be responsible for the investment and construction of the Luquan County project. The registered capital will be 20% of the total investment and will be injected according to the progress of the project. The remaining project construction funds will be resolved through financing.

149 million yuan to acquire wind power projects

At the same time, in order to further expand the scale of the company's new energy industry, the new energy company plans to acquire 100% of the equity of Yingcheng Donggang Wind Power Development Co., Ltd. at a price of 149,260,270.73 yuan.

It is understood that Yingcheng Donggang Company was wholly-owned and established by Fenghua Energy Investment Group Co., Ltd. on April 26, 2018, with a registered capital of RMB 155 million. It is responsible for the investment and construction of the 97MW wind power project in Yingcheng Donggang, Hubei Province. The project will install 6 sets of 2.5MW Yuanjing wind turbines, 10 sets of 2.2MW Yuanjing wind turbines and 24 sets of 2.5MW Goldwind wind turbines. Construction will start in 2019, and the first wind turbine will be connected to the grid on February 8, 2021. 6 On 29th, all 40 wind turbines were connected to the grid for power generation. Keywords: engineering construction, engineering construction

It is worth mentioning that in recent years, Guangzhou Development Group Co., Ltd. has actively implemented the development strategy of a green and low-carbon energy enterprise group centered on new energy, continued to increase investment in the green and low-carbon energy industry, and the scale of the new energy industry has been rapidly developed , And speed up the national industrial layout. This transaction is conducive to expanding the company's new energy industry scale, strengthening the company's business locations in central China, and expanding the new energy market in related regions. Editor/Sang Xiaomei