Zhongshan Public Utilities Group Co.Ltd(000685) recently announced that Zhongshan Public Utilities Group Co.Ltd(000685) Environmental Protection Industry Investment Co., Ltd., a wholly-owned subsidiary of the company, and Changzhou Eging Photovoltaic Technology Co.Ltd(600537) Technology Co., Ltd., a holding subsidiary of Eging Photovoltaic Technology Co.Ltd(600537) will jointly invest in RMB cash to establish a joint venture focusing on the investment and operation of distributed photovoltaic power stations. The registered capital of the joint venture is 100 million yuan, and the public environmental investment is 70 million yuan, accounting for 70% of the registered capital; Changzhou Yijing invested 30 million yuan, accounting for 30% of the registered capital.
According to the announcement, the establishment of the joint venture is in line with the company’s development strategic plan from 2021 to 2026, actively layout the new energy field, and accumulate the company’s experience in photovoltaic project development, investment, construction and operation maintenance through cooperation with high-quality enterprises with mature photovoltaic investment and construction experience and upstream production capacity of the industrial chain, so as to provide reference for the company’s future layout of energy storage, comprehensive energy management The integration of source network, load and storage business and other photovoltaic extension links have laid a good foundation. The shareholders of both parties are subordinate enterprises of the listed company, with good reputation and strong financial strength, which can provide corresponding financial support for the investment business of distributed photovoltaic power station. (Huang Shu)
