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CNOOC subsidiary acquires 40% equity interest in CNNC

 Last Update: 2023-02-02
 Source: Internet
 Author: User

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December 22, CNOOC announced that its wholly-owned subsidiary, New Energy Co.
, Ltd.
, intends to purchase a 40% stake
in CNNC Huihai Wind Power Investment Co.
, Ltd.
(hereinafter referred to as CNNC) for 1.
518 billion yuan.
After the completion of the transaction, the new energy company will hold 40% of the equity of CNNC Huihai, and CNNC Huihai will become the company's shareholding company
.

According to reports, CNNC Huihai is mainly engaged in wind power and photovoltaic power generation business investment
.
CNOOC said that the transaction can effectively promote the company's business expansion and talent training in the field of new energy, and effectively promote the company's green and low-carbon transformation and high-quality development
.

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