China Power New Energy Development
Native name | 中国电力新能源发展有限公司 |
|---|---|
Romanized name | Zhōngdiàn xīnnéngyuán |
| Traded as | SEHK: 00735 |
| Industry | Electricity |
| Founded | 2006 in Bermuda |
| Headquarters | Hong Kong, China |
Key people |
Wang Binghua (Chairman) Wang Zhongtang (CEO) |
| Products | Electric power |
| Parent | State Power Investment Corporation |
| Website |
www |
China Power New Energy Development Company Limited (CPNE, Chinese: 中国电力新能源发展有限公司, abbreviated as 中电新能源 Zhōngdiàn xīnnéngyuán, former name: Oriental Investment[1]) is a Hong Kong listed energy company established in 2006. It operates hydropower, wind, natural gas, solar, and waste-to-energy power plants.[2]
The chairman till December 2015 was Li Xiaolin, then also chairman and CEO of China Power International Development Limited and vice president of State Power Investment Corporation.[3] She became the chairman of the company in May 2007, replacing Lai Leong in this position.[1] In December 2015, she was replaced by Wang Binghua.[3]
In December 2011, China Three Gorges Corporation paid HK$2.1 billion (US$270 million) for a 29% stake in CPNED to become the largest shareholder of the company that time.[4] In the same year CPNED became the first renewable energy company in China to succeed raising substantial hard currency funding via a bond issue.[5]
In 2010, the company acquired China Power Dafeng Wind Power Company for US74 million.[6] In 2012, the company agreed to acquire a Chinese wind turbine unit of Suzlon Energy for US$60 million.[7][8] However, this deal was terminated.[9]
In 2015, the company announced that it will take over State Nuclear Power Technology Corporation.[3]
Projects
In May 2011 CPINE (the overseas arm of CPNED) signed a cooperation framework with First Solar of Arizona to work on photovoltaic projects in China and the U.S., with a plan to match First Solar's installed capacity in America in China.[10]
By 30 June 2016, the company had installed power generation capacity of 3,650.1 MW, including 1,429.5 MW of wind, 1,300 MW of natural gas, 595.8 MW of hydropower, 228.2 MW of photovoltaic, and 78 MW of waste-to-energy generation facilities. in addition, 842.75 MW of capacities were under construction.[11]
In 2015 the first three completed projects of the Group commenced operation:
- No. 6 Gansu Anbei Wind Power Project with capacity of 46.5 MW,
- Hainan, Changjiang - Photovoltaic Power Project with capacity of 20.0MW and
- Yunnan, Yuanjiang - Photovoltaic Power Project with capacity of 20.0 MW, with installed capacity of 86.5MW in total.
Four more projects were completed in the first quarter of 2016:
- Two generation unitsat Phase II of Guangdong Dongguan Natural Gas Power Project with capacity of 470.0MW each
- No. 3 Unit at Phase II of Hainan Haikou Waste-to-energy Power Project with capacity of 12.0MW
- Phase III of Gansu Baiyin Photovoltaic Power Project with capacity of 15.0MW
- Gansu Guazhou - Photovoltaic Power Project with capacity of 8.0MW
References
- 1 2 "China Power targets foreign acquisition". South China Morning Post. 2007-05-07. Retrieved 2016-10-22.
- ↑ Mancheva, Militsa (2016-08-01). "China Power New Energy guides for higher profits in H1 2016". SeeNews. Retrieved 2016-10-18.
- 1 2 3 Ren Wei (2015-12-30). "Shares in nuclear power company formerly run by ex-premier Li Peng's daughter surge 20 per cent in wake of her resignation". South China Morning Post. Retrieved 2016-10-18.
- ↑ Lee, Andrew (2011-12-12). "China Three Gorges buys into renewables group for $270m". ReCharge. NHST Media Group. Retrieved 2016-10-18. (subscription required (help)).
- ↑ Green Investment Climate Country Profile – China: - Page 40 Aldo Baietti, Andrey Shlyakhtenko and Roberto La Rocca - "In the same year, China Power New Energy Development Company Limited issued a ¥500 million denominated Eurobond with a coupon rate of 3.75 percent."
- ↑ Tsanova, Tsvetomira (2010-08-24). "SChina Power New Energy to acquire China Power Dafeng Wind Power Co for USD 74m". SeeNews. Retrieved 2016-10-18.
- ↑ Gyulev, Dobromir (2012-06-25). "Suzlon Group to sell Chinese manufacturing unit to CPNE". SeeNews. Retrieved 2016-10-18.
- ↑ "Suzlon sells China arm for Rs 340 cr". The Indian Express. Reuters. 2012-06-23. Retrieved 2016-10-18.
- ↑ Lee, Andrew (2013-09-18). "Suzlon sells 75% of China wind arm". ReCharge. NHST Media Group. Retrieved 2016-10-18. (subscription required (help)).
- ↑ Wan Xu; Wills, Ken (2011-05-10). "First Solar, CPINE to cooperate on solar projects in China, U.S.". Reuters. Retrieved 2016-10-18.
- ↑ Mancheva, Militsa (2016-08-24). "China Power New Energy's H1 net profit jumps 86%". SeeNews. Retrieved 2016-10-18.
External links
Category:Wind power companies of China |
