CGN New Energy Holdings Co., Ltd. (CGN New Energy) (formerly known as CGN Meiya Power Holdings Co., Ltd.) is a diversified independent power producer in Asia in terms of fuel type and geography, with a portfolio of wind, solar, gas-fired, coal-fired, oil-fired, hydro, cogen and fuel cell power generation projects and a steam project in the PRC and Korea.
China General Nuclear Power Corporation (CGN) acquired the entire share capital of our Company through its indirectly wholly-owned subsidiary, CGNPC Huamei Investment Limited, in November 2010 and became our Controlling Shareholder. CGN is a wholly state-owned company, established on September 29, 1994 under the laws of the PRC. Authorized by the State Council in accordance with the PRC Company Law and other administrative regulations, SASAC has investor’s rights and responsibilities in CGN.
We focus on acquiring clean and renewable power generation projects while continuing our own greenfield and brownfield developments to deliver solid returns and create shareholder value. We are positioned as CGN’s sole global platform for development and operation of non-nuclear clean and renewable power generation projects.
We have successfully acquired the first batch of clean and renewable power generation assets from CGN in 2015. The acquisition includes 13 wind power projects companies and 6 solar power projects companies with an aggregate operational installed capacity of approximately 1,400 MW. The acquisition allows the Group to add quality wind power and solar power assets to its portfolio and further highlights the unique advantages of the platform for non-nuclear clean and renewable power generation projects so as to improve the competitiveness of the Group.