Solar photovoltaic application BeiKong intends to 5. The $3. 8 billion sale of jiangsu yancheng 120 mw photovoltaic power station

Solar photovoltaic (pv) net news: on May 8, BeiKong clean energy release about the selling two subsidiaries of the major trading between announcement, solar energy, according to the announcement, the company indirectly the wholly owned subsidiary plans to sell electricity to international trust &investment xiangshui constant to full ownership and xiangshui can full ownership, the price of RMB 4 respectively. 3. 8 billion yuan and 100 million yuan. Proceeds to repay group knot in debt and/or used for general working capital.

the BeiKong clean energy, said this is the opportunity of the group to liquidate its investment in the target company, solar power network, in order to better resource allocation group, to develop a clean energy projects for other more favorable and optimize its portfolio of clean energy power station. In addition, the net proceeds of sale items will promote the financial condition of the group, the solar energy, so as to improve the group's assets and liabilities ratio and produce instant cash inflows, is used to develop clean energy projects and ╱ or used as the group of general working capital. At the same time, repay existing debts can reduce related finance charges, and effectively reduce the financial risk.

as of December 31, 2019, BeiKong clean energy to achieve the business income is 63. Hk $3. 6 billion, compared with last year fell 9. 2%, photovoltaic power generation revenue, 28. Hk $8. 5 billion, the centralized electricity generated by pv power plant sales recorded revenue of about 24. Hk $9. 5 billion, 39% of the total revenue of its years.

it is known that BeiKong clean energy held 52 concentrated photovoltaic power station, ( In 2018, 51) Covering China's 12 provinces and one municipality directly under the central government and two autonomous regions, abroad, Australia, south Australia with Allah ( Whyalla) Hold 1 concentrated photovoltaic power station has been put into operation, China solar power network, the photovoltaic power station total grid capacity of 2256 megawatts (mw) ( Grid capacity is 2074 mw in 2018) 。

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this paper statistics the September to today issued a total of 2. 85 gw pv power plant EPC and 1. 9 gw component bid opening information. Among them, the EPC project owner units is given priority to with soe/state, this also reflected from the side, in project bidding and parity, the state-owned enterprises have become the absolute main force. Specifically, CGNPC in development of 410 mw, 603 mw, guangzhou energy saving 220 mw, 345 mw, jin can group solar energy equipment, the people vote for 200 mw, 190 mw hubei energy group, huaneng power 180 mw