Gd Power Development Co.Ltd(600795) (600795) announced on December 31 that Ningbo wind power, a wholly-owned subsidiary, will acquire 512050kw distributed photovoltaic project of Chint new energy. The project involves 1 target company and 81 project companies, including 201 distributed photovoltaic power stations. The transaction price was 1.036 billion yuan, of which the company increased the capital of Ningbo wind power by 814 million yuan, and the rest was self raised by Ningbo wind power.
As a wholly-owned subsidiary of Gd Power Development Co.Ltd(600795) , Ningbo wind power is mainly engaged in the development, construction and operation of wind power, Cecep Solar Energy Co.Ltd(000591) and other new energy power generation, and has put into operation 221000 kW of wind power / photovoltaic installed capacity. As of September 30, 2021, Ningbo wind power had total assets of 705 million yuan and net assets of 286 million yuan; From January to September 2021, the total profit is 48.2325 million yuan and the net profit is 37.8023 million yuan.
Chint new energy has a registered capital of 9.38 billion yuan, the controlling shareholder is another listed company Zhejiang Chint Electrics Co.Ltd(601877) (601877), the shareholding ratio is 100%, and the actual controller is Chint Group.
It is reported that this transaction project is an M & A investment, involving 1 target company and 81 project companies, including 201 distributed photovoltaic power stations. Hangyang new energy is a wholly-owned subsidiary of Chint new energy. As the target company of the project, 81 project companies will deliver to Hangyang new energy.
Among the 81 project companies, 78 are directly owned by Chint new energy, 2 are 100% owned by a wholly-owned subsidiary of Chint new energy, and 1 is 90% owned by Chint new energy. Chint new energy promises to complete the equity integration, so that Chint new energy directly holds 100% equity of 81 project companies. Taking May 31, 2021 as the base date, the above 81 project companies have total assets of RMB 3.664 billion, total liabilities of RMB 2.731 billion and net assets of RMB 933 million.
This time, Ningbo wind power first acquired 100% equity of Hangyang new energy, and then Hangyang new energy acquired 100% equity of 81 project companies.
According to the Gd Power Development Co.Ltd(600795) announcement, the acquisition of 5120500 kW Chint new energy photovoltaic project includes 201 distributed photovoltaic power stations distributed in 9 provinces and regions such as Zhejiang and Jiangsu, including 144 projects in Zhejiang Province with a total capacity of 37627 kW and 57 projects outside Zhejiang Province with a total capacity of 13578 kW.
Among the 201 distributed photovoltaic power stations, 88 projects with a total of 240100 kW are listed in the subsidy catalogue; 23 items that have not been listed in the subsidy catalogue in the application; 21 bidding projects; There are 69 non subsidized projects.
From January to December 2020, the average electricity price of the project is 0.87 yuan / kWh (including tax), the grid connected capacity is 51205 kW, and the on grid power is 460 million kwh; From January to May of 2021, the average electricity price is 0.85 yuan / kWh (including tax), the grid connected capacity is 51205 kW, and the on grid power is 181 million kwh. The industrial and commercial users of the project cover different industries, including Zhejiang Chint Electrics Co.Ltd(601877) , Geely Automobile, Midea Group Co.Ltd(000333) , Alibaba, 361 °, Xinhua Bookstore, etc.
Gd Power Development Co.Ltd(600795) is a national listed power generation company controlled by national energy group. Its main business is the production and sales of power and heat, and its industry involves thermal power, hydropower, wind power, photovoltaic power generation and other fields. According to the semi annual report of 2021, as of June 30, 2021, the company’s holding installed capacity was 82.3979 million KW, including thermal power of 61.032 million KW, hydropower of 14.3718 million KW, wind power of 6.7321 million KW and Cecep Solar Energy Co.Ltd(000591) photovoltaic of 262000 kW.
Gd Power Development Co.Ltd(600795) said that most of the power stations of the project are located in the southeast coastal area with developed economy and strong consumption capacity, which is conducive to the expansion and layout of distributed energy of the company. After the completion of the project, the company’s photovoltaic installed capacity will be significantly increased.
(Securities Times · e company)
