On November 11, the opening ceremony of China Energy Green and Low-Carbon Development Investment Fund was held in Beijing, and the sub-fund cooperation agreement and project investment agreement were signed.
China Energy Green and Low-Carbon Development Investment Fund is jointly established by Guodian Capital Holding Co., Ltd. and three major listed subsidiaries of China Energy Group: China Shenhua, GD Power, and China Longyuan Power.
Managed and operated by China Energy Private Equity Fund Company, the fund aims to provide dynamic financial support to renewable energy investment and low-carbon development of China Energy Group.
The fund adopts a master-feeder structure, with the overall scale reaching 15 billion yuan. It will mainly invest in low-carbon project investment and mergers, strategic projects of China Power Group, the application of key scientific research results of the group and mixed ownership reform of its subsidiaries, etc.
The fund is expected to leverage about 60 billion yuan to invest in low-carbon industries once its fully operational.
To achieve carbon reduction targets, China Energy Group has accelerated the construction of a clean, low-carbon, safe and efficient modern energy system, and a new power system with new energy as the mainstay.
It is estimated that by the end of the “14th Five-Year Plan” period, China Energy Group will add 70-80 GW of renewable energy capacity.
