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CEC new energy independent listing, "14th Five-Year Plan" new wind power, photovoltaic target 50GW!

In the evening of June 2, China Power Construction Company Limited issued an "alert announcement on the planning of the spin-off listing of its holding subsidiary", intended to split its CEC New Energy Group Co.

According to the announcement, the proposed split of CEC New Energy Group Co., Ltd. has a registered capital of 6 billion yuan, and its business scope includes hydropower generation, wind power generation, solar power generation, bioelectric power generation and renewable energy development. At present, DECC New Energy is promoting the introduction of strategic investors related work.

As of the disclosure date of this announcement, DDC New Energy has completed the public listing on the Beijing Property Rights Exchange to solicit investors and the decision-making procedures of the board of directors and shareholders' meeting, and has determined the introduction of 10 strategic investors. After the completion of this capital increase, the registered capital of DDC New Energy will be increased from RMB 6 billion to RMB 7.5 billion.

CEC said that the spin-off is conducive to the company's efforts to seize the "dual carbon" opportunity and serve the national strategy. The "3060 carbon target" requires China to accelerate the transformation of its energy structure to clean and low-carbon, and accelerate the construction of a new power system with new energy as the mainstay. The listing of DDC New Energy will further replenish equity capital, optimize capital structure and achieve high-quality development, which will help the company seize the historic opportunity of new energy and better serve the national strategy, and will significantly enhance the company's influence in the new energy industry.

The spin-off is conducive to improving the quality and efficiency of market value management and promoting the value preservation and appreciation of the company's assets. Especially in the current market context, the high valuation and scarcity of the new energy sector will contribute to t