In order to fulfill its commitment to resolving industry competition and actively promote the development of high-quality offshore wind power resources, Jiangsu New Energy recently announced that its controlling shareholder, Jiangsu Guoxin Group Co., Ltd. (hereinafter referred to as "Guoxin Group"), will make initial investments in two large-scale offshore wind power projects and clarify the path for future injection into the listed company. This move aims to efficiently advance the project process and reserve high-quality assets for Jiangsu New Energy, demonstrating the strong support of the controlling shareholder for the development of the listed company.

According to the announcement, Guoxin Group previously led a consortium to obtain the development rights for approximately 1.55 million kilowatts of offshore wind power projects. Among them, the conditions for the two projects, Yancheng Dafeng H19 # and Yancheng Dongtai H4 #/H6 #, are mature and will be launched first. In order to avoid industry competition, Guoxin Group will first invest in the construction of these two projects and has made a clear commitment: after the projects meet the injection conditions, it will first transfer its corresponding project company's equity of not less than 51% to Jiangsu Xinneng at fair price to ensure Jiangsu Xinneng's controlling position. In the early stage of the project, Guoxin Group will sign a "Equity Entrustment Management Agreement" with Jiangsu Xinneng, entrusting the equity of the project company to Jiangsu Xinneng for management, ensuring the synergy between project development and company operation.

Project planning and investment scale are disclosed simultaneously. Among them, the planned installed capacity of Dafeng H19 # project is 506000 kilowatts, with an estimated total investment of about 5.06 billion yuan; The planned total installed capacity of Dongtai H4 #/H6 # project is 308000 kilowatts, with an estimated total investment of approximately 3.401 billion yuan. The total investment of the two major projects is about 8.461 billion yuan, and after completion, it will significantly expand the company's territory in the field of new energy power generation.

The initial investment by the controlling shareholder and clear asset injection arrangements have secured a clear growth path for the future development of Jiangsu Xinneng. This not only effectively solves the potential problem of industry competition, but also reflects the determination of major shareholders to concentrate high-quality resources on listed companies, providing a solid guarantee for Jiangsu New Energy to consolidate its main business, improve installed capacity and long-term profitability, and is expected to further enhance its core competitiveness in the market.Editor/Cheng Liting