On July 1, Hubei Energy Group issued an announcement about investing in Dingbian 500MW Photovoltaic Power Generation Project, Yuyang Phase I 400MW Photovoltaic Power Generation Project, Jingbian 300MW Photovoltaic Power Generation Project, Shenmu 500MW Photovoltaic Power Generation Project, and Yuyang Phase II 200MW Photovoltaic Power Generation Project Six announcements on photovoltaic power generation projects and capital increase of Hubei Energy Group Northwest New Energy Development Co., Ltd.
According to various announcements, in order to implement the Party Central Committee's strategic deployment of "carbon peaking and carbon neutrality", accelerate the development of new energy business of Hubei Energy Group, and promote the realization of the goals of the "14th Five-Year Plan", Hubei Energy Group indirectly holds subsidiaries Dingbian Longwu New Energy Development Co., Ltd. intends to invest no more than 2,972,928,500 yuan in the construction of a 500MW photovoltaic power generation project in Dingbian. According to the progress of the project, the registered capital of Dingbian Longwu Company will gradually increase from 1 million yuan to no more than 890 million yuan.
Yulin Longwu Smart New Energy Development Co., Ltd., an indirect subsidiary of Hubei Energy Group, intends to invest no more than 2,464,878,600 yuan in the construction of the first-phase 400MW photovoltaic power generation project in Yuyang District. The registered capital of Yulin Longwu Company will gradually increase from RMB 1 million to no more than RMB 740 million. Jingbian County Longwu New Energy Co., Ltd., an indirect holding subsidiary of Hubei Energy Group, intends to invest no more than 1,806,498,600 yuan in the construction of a 300MW photovoltaic power generation project in Jingbian County. The registered capital of Jingbian Longwu Company will gradually increase from 1 million yuan to no more than 540 million yuan.
Shenmu Longwu New Energy Development Co., Ltd., an indirect subsidiary of Hubei Energy Group, intends to invest no more than 2,989,946,600 yuan in the construction of Shenmu 500MW photovoltaic power generation project. The registered capital of Shenmu Longwu Company will gradually increase from 1 million yuan to no more than 890 million yuan. Yulin Longwu Xudong New Energy Development Co., Ltd., an indirectly controlled subsidiary of Hubei Energy Group, intends to invest no more than 1,197,369,300 yuan in the construction of a 200MW photovoltaic power generation project in Yuyang Phase II. The registered capital of Longwu Xudong Company will gradually increase from 1 million yuan to no more than 360 million yuan.
The capital increase of the above-mentioned project companies will be paid in step by step by the company's wholly-owned subsidiary Hubei Energy Group Northwest New Energy Development Co., Ltd. with its own funds.
In addition, Hubei Energy Group also issued an announcement saying that in order to accelerate the promotion of the first phase of Shaanxi-Wuhan direct current transmission new energy base Yuyang Phase I 400MW photovoltaic power generation project, Shenmu 500MW photovoltaic power generation project, Yuyang Phase II 200MW photovoltaic power generation project, Dingbian 500MW photovoltaic power generation project, Jingbian 300MW photovoltaic power generation project investment and construction work, in order to meet the project construction capital needs, the company plans to use its own funds to increase the capital of Hubei Energy Group Northwest New Energy Development Co., Ltd., a wholly-owned subsidiary of the company, by 2.6 billion yuan. The company's registered capital will be increased from 400 million yuan to 3 billion yuan, which will be gradually paid in place according to the progress of the above five projects.
It is reported that these projects belong to the first batch of large-scale wind power photovoltaic base project sub-projects focusing on "desert, Gobi, and desert" areas. The construction of this project will further increase the scale and proportion of new energy installed capacity in Hubei Energy, and accelerate the clean energy of Hubei , High-efficiency, and low-carbon energy structure transformation, and promote the implementation of Hubei's "14th Five-Year Plan" for energy.
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