China Power Clean Energy Development (CPNED), formerly China Power New Energy Development Company Limited (CPNE) and Oriental Investment, is a Chinese renewable energy company established in 2006 and listed on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is rep ...

. It operates

hydropower Hydropower (from el, ὕδωρ, "water"), also known as water power, is the use of falling or fast-running water to produce electricity or to power machines. This is achieved by converting the gravitational potential or kinetic energy of ...

wind Wind is the natural movement of air or other gases relative to a planet's surface. Winds occur on a range of scales, from thunderstorm flows lasting tens of minutes, to local breezes generated by heating of land surfaces and lasting a few ...

natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbon ...

, solar, and

waste-to-energy Waste-to-energy (WtE) or energy-from-waste (EfW) is the process of generating energy in the form of electricity and/or heat from the primary treatment of waste, or the processing of waste into a fuel source. WtE is a form of energy recovery. ...

power plants.

History

In 2011 CPNED became the first renewable energy company in China to succeed raising substantial hard currency funding via a bond issue. In 2010, the company acquired China Power Dafeng Wind Power Company for US$74 million. In 2012, the company agreed to acquire a Chinese wind turbine unit of Suzlon Energy for US$60 million. However, this deal was terminated. In 2015, the company announced that it will take over State Nuclear Power Technology Corporation. More precisely, China Power New Energy Development signed a MoU to acquire by issuing new shares to SNPTC and/or another SPIC's subsidiary China Power New Energy Limited.China Power New Energy Limited, a company which was incorporated in Hong Kong, is not the listed company China Power New Energy Development Limited, which was incorporated in Bermuda. China Power New Energy Limited is an indirect wholly owned subsidiary of China Power International Holding, in turn China Power International Holding is a wholly owned subsidiary of

State Power Investment Corporation State Power Investment Corporation Limited (abbreviation SPIC) is one of the five major electricity generation companies in China. It was the successor of China Power Investment Corporation after it was merged with the State Nuclear Power Te ...

,previously known as

China Power Investment Corporation China Power Investment Corporation also known as CPI Group was one of the five largest state-owned electricity producers in mainland China. It was administrated by the State-owned Assets Supervision and Administration Commission (SASAC) of the S ...

before 2015 merger; China Power New Energy Limited, China Power International Holding were intermediate holding companies of the shares of the listed company. and SNPTC to sell their nuclear power assets and businesses.

Ownership

(now known as

) was the majority owner of the company via intermediate holding companies. 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.

Corporate leadership

The chairman till December 2015 was Li Xiaolin, then also chairman and CEO of

China Power International Development China Power International Development Limited (CPID), also known as just China Power, is a Chinese electric power company incorporated in Hong Kong in 2004. The former ultimate parent company China Power Investment Corporation (CPI Group), a Ch ...

and vice general manager of

. She became the chairman of the company in May 2007, replacing Lai Leong in this position. In December 2015, she was replaced by Wang Binghua, chairman of

(ex-China Power Investment Corporation)

Projects

In May 2011 CPINE (the overseas arm of CPNED) signed a cooperation framework with

First Solar First Solar, Inc. is an American manufacturer of solar panels, and a provider of utility-scale PV power plants and supporting services that include finance, construction, maintenance and end-of-life panel recycling. First Solar uses rigid th ...

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. 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. 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 Guazhou County (), formerly (until 2006) Anxi County () or Ansichow, is a county in the northwest of Gansu province, the People's Republic of China. It is under the administration of Jiuquan City. History Emperor Wudi (140-87 BCE) had the G ...

- Photovoltaic Power Project with capacity of 8.0MW

Footnotes

References

External links

* {{Wind power companies of China Companies listed on the Hong Kong Stock Exchange Renewable energy companies of China Electric power companies of Hong Kong 2006 establishments in China