Renewable energy sources are rapidly transforming multiple power plants due to the recently constructed power plants returning to service over an extended period. According to the latest data, several power plants have been established to enhance the renewable energy portfolio.
As of June 3, 2025, the renewable energy company (SH601222) announced that it would transfer 100% of its shares to a consortium of five companies specializing in hydropower energy. The total value of the transaction is estimated at approximately 4.71 billion yuan, with a combined capacity of 236.5 MW for the power plants involved.
The valuation of the assets transferred is projected to rise to about 4.84 billion yuan, marking an increase of approximately 2.85%. The company projects that the assets will yield a substantial return, especially considering the current market conditions for renewable energy.
In line with national energy strategies, the company has confirmed that the newly transferred assets will significantly strengthen its renewable energy capacity. It is anticipated that by the end of this year, the company will achieve a robust presence in the renewable energy sector, contributing significantly to the nation’s energy goals.
According to reports from the National Development and Reform Commission, the pricing mechanisms for new energy sources will be adjusted to promote sustainable development. Starting June 1, 2025, the price adjustments will be implemented to ensure the stability and efficiency of power generation.
Looking ahead, the renewable energy company aims to enhance production capacity to meet the growing demand for clean energy. By December 1, 2024, the company expects its revenue from renewable energy to reach approximately 9.73 billion yuan, reflecting a remarkable growth of 185.19%.
In summary, the transformation of these power plants is set to bolster renewable energy production significantly, ensuring that the company remains at the forefront of the energy transition in China.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/multiple-power-plants-approved-for-asset-transfer-amidst-ongoing-projects/
