Recently, companies across the renewable energy supply chain have continued to advance their regional layouts and industrial investments. Multiple enterprises are accelerating project development and extending their value chains through the setup of subsidiaries and joint ventures.
Among them, China Three Gorges Renewables (Group) Co., Ltd. partnered with China Yangtze Power Co., Ltd. and China Three Gorges Investment Management Co., Ltd. to establish an energy investment firm in Qinghai, focusing on local renewable resource development. Meanwhile, Daqing Oilfield Co., Ltd., a subsidiary of PetroChina Co., Ltd., established an electric power energy company to further expand its power business. In addition, Guangzhou Tinci Materials Technology Co., Ltd. set up a new materials subsidiary in Shandong Province to support its local lithium-battery electrolyte project.
CTG Renewables Establishes Qinghai Energy Investment Subsidiary
On the evening of August 5, China Three Gorges Renewables (Group) Co., Ltd. announced plans to jointly invest with China Yangtze Power Co., Ltd. and China Three Gorges Investment Management Co., Ltd. to establish Three Gorges Group Qinghai Energy Investment Co., Ltd., aiming to push forward renewable energy project development in Qinghai Province.
According to the announcement, the joint venture will have a registered capital of 1 billion yuan. CTG Renewables will subscribe 340 million yuan for a 34% stake, while China Yangtze Power and Three Gorges Investment will each contribute 330 million yuan for a 33% stake respectively. All parties will make capital contributions in cash, which must be fully paid within five years from the company’s date of incorporation.
The new company's registered address is planned to be in Xining City, Qinghai Province. Its scope of business encompasses power generation, power transmission, wind power generation, solar power generation, hydropower generation, energy storage technical services, and renewable energy technology development.
PetroChina's Daqing Oilfield Establishes Electric Power Energy Firm
On July 31, Daqing Oilfield Electric Power Energy Co., Ltd. was established, with Li Peng as its legal representative and a registered capital of 3.7 billion yuan.
The company's scope of business includes power generation, power transmission, power supply and distribution, heat production and supply, solar power technical services, and wind power technical services.
Corporate tracking data from Qichacha shows that the company is wholly owned by Daqing Oilfield Co., Ltd., a subsidiary of PetroChina Co., Ltd.
Tinci Materials Expands New Materials Business in Shandong
On July 29, Tinci New Materials (Shandong) Co., Ltd. completed its corporate registration, officially settling in Decheng District, Dezhou City, Shandong Province.
Information from Qichacha shows that the new company has a registered capital of 150 million yuan and is wholly owned by Guangzhou Tinci Materials Technology Co., Ltd. Zhou Li, General Manager of Tinci Materials' Electrolyte Business Department, serves as the legal representative and executive director of the Shandong entity.
The business scope of Tinci New Materials (Shandong) Co., Ltd. includes R&D of new material technologies, as well as the manufacturing, R&D, and sales of specialized electronic materials.
The establishment of the Shandong entity is closely tied to Tinci Materials' plans to build a lithium-battery electrolyte project in Dezhou. On June 30, Tinci Materials signed a strategic cooperation framework agreement with Shandong Hualu-Hengsheng Chemical Co., Ltd., a subsidiary of Hualu Holdings Co., Ltd., agreeing to build a lithium-battery electrolyte project with an annual capacity of 300,000 metric tons in Dezhou Yunhe Hengsheng Chemical Industrial Park.
Source：EnergyTrend
