Beijing Energy Group Solar Power Generation

Who is Beijing energy Sembcorp?

Beijing Energy Sembcorp, our 49%-owned entity, together with Beijing Energy International Investment will acquire the entire equity interest in three operational solar projects with a total capacity of 795MW. These solar assets are located in the south of Hebei Province, one of China’s main energy demand centres.

Where is Beijing Energy International based?

Beijing Energy International actively developed and expanded the new energy business in a number of provincial-level markets, including Shanghai, Shaanxi, Shandong, Hebei, Sichuan and Hubei provinces, as well as Xinjiang Uygur autonomous region and Inner Mongolia autonomous region, in the first half of 2021.

Why did Beijing energy soared 209 million yuan in the first half?

Beijing Energy International Holdings Co Ltd, a subsidiary of State-owned Beijing Energy Holding Co Ltd, announced that its profit soared 209.8 percent on a yearly basis to 409 million yuan ($63.4 million)in the first half of this year, driven by both China and global market's surging demand for new energy products and solutions.

What does Beijing energy do in Australia?

Over nearly a decade of operation in Australia, the Beijing Energy group has delivered connected and under-construction solar and wind projects in New South Wales and Victoria. It also reinforces the Beijing Energy group’s commitment to supporting the Australian

Who owns Xingling new energy?

We also partnered with Wuling Power, an afiliated company of State Power Investment Corporation (SPIC) to acquire a 45.3% stake in Xingling New Energy. Wuling Power holds the remaining 54.7% interest in Xingling New Energy.

Where are China's solar assets located?

These solar assets are located in the south of Hebei Province, one of China’s main energy demand centres. This acquisition increases the solar weightage of our China renewables portfolio, thereby reducing yield and earnings variability.