On May 11, Changyuan Power released the prospectus for the issuance of shares by National Energy Group Changyuan Power Co., Ltd. to specific objects (registration draft)(updated version of 2023 financial data).

According to the prospectus, the total amount of funds raised by the issuance of shares of Changyuan Power does not exceed 3 billion yuan (including the number), and the net funds raised after deducting the issuance cost will be used for the second and third phase projects of Hanchuan New energy million kilowatt base, and the second 100MW project of National Energy long Source Suizhou County million kilowatt new energy multi-energy complementary base. Zhongxiangzi Project photovoltaic power station of Guoneng Changyuan Jingmen City million kilowatt new energy base, GuoNeng Changyuan Qianjiang Haokou 200MW fish-light complementary photovoltaic power generation project, GuoNeng Changyuan Gucheng County Lengji Town 230MW agro-light complementary photovoltaic power generation project, GuoNeng Changyuan Jingzhou City 100MW fish-light complementary photovoltaic power generation project, National Energy Changyuan 100MW agro-optical complementary photovoltaic power generation project in Yanduhe Town, Badong County; National Energy Changyuan Jingmen Qujialing Luohan Temple 70MW agro-optical complementary photovoltaic power generation project (Phase I) Guodian Changyuan Shengkang Town, Gucheng County 50MW agro-optical complementary photovoltaic power generation project and supplementary working capital.

Changyuan Power said that as of the end of December 2023, the company has realized 3 full-capacity grid-connected photovoltaic projects, with a total installed capacity of 189,800 kilowatts; 11 photovoltaic projects have been partially put into operation but not yet connected to the grid with full capacity, with a total installed capacity of 1,23,800 kW; There are 14 photovoltaic projects under construction or planned to be built, with a total installed capacity of 1.427 million kilowatts, and the installed capacity of photovoltaic projects under construction or planned to be built by the company is relatively large. After all the above photovoltaic projects are completed and the full capacity is connected to the grid, the company's photovoltaic installed capacity will reach 2,740,600 kilowatts. The funds raised by the company are intended to be used for the construction of 10 photovoltaic projects and supplementary working capital, and the total installed capacity of 10 photovoltaic projects is 2.35 million kilowatts. Among them, the installed capacity of projects that have been partially put into operation and have not yet been fully connected to the grid has a capacity of 499,400 kilowatts, and the installed capacity of projects under construction and proposed to be connected to the grid has a capacity of 1,250,600 kilowatts.

It is reported that long source power is a listed company held by National Energy Investment Group Limited Liability Company. The company was established in April 1995, registered in Wuhan, Hubei Province. In March 2000, the company was listed on the Shenzhen Stock Exchange. The main business of Changyuan Power is the production and sales of electricity and heat, and the business segments mainly include thermal power, hydropower, new energy power generation and electricity sales. Editor/Xu Shengpeng