Xintian Green Energy (00956) plans to increase offshore wind power by 364 million yuan

Zhitongcaijing · 10/18 12:09

According to Zhitong Finance App News, Xintian Green Energy (00956) issued an announcement. In order to further meet the capital needs of the company's non-wholly-owned offshore wind power and ensure the smooth progress of investment and construction of related projects, the company signed a capital increase agreement with Hebei Construction Investment and Construction Investment Energy on October 18, 2024. According to this, offshore wind power will increase the registered capital of RMB 709 million, which will be pledged by the company, Hebei Construction Investment and Construction Investment Energy according to their respective shareholding ratios. Among them, the company should pay RMB 364 million, Hebei Construction Investment should pay RMB 25.52 million, and CCI Energy should pay RMB 319 million. After the capital increase is completed, the registered capital of offshore wind power will increase from the current RMB 1,111 billion to RMB 1,820 billion, and the shares held by the company, Hebei Construction Investment and Construction Investment Energy will remain unchanged at 51.4%, 3.6% and 45% of offshore wind power shares.

The announcement stated that in order to seize major strategic opportunities for offshore wind power development in Hebei Province, offshore wind power plans to invest in the construction of offshore wind power projects in Xiangyun Island and Shunhuan Xiangyundao offshore wind power projects. The planned capacity of the above projects is 250 MW, the boundary conditions are clear, the feasibility of the project has been demonstrated in terms of market and technology, and the comprehensive development and construction conditions are good, and they have certain profitability. The above projects have been included in the Hebei Offshore Wind Power Development Plan. Subsequent construction involves many expenses, intensive capital investment, and tight construction timelines. This transaction directly provides financial support for project construction, creating favorable conditions for the smooth progress of the project and even early commissioning.