Lixin Energy announced on November 28 that the company intends to issue shares to no more than 35 specific investors, including controlling shareholder New Energy Group and state-owned funds holding more than 5% of the shares. The total amount
raised will not exceed 1.98 billion yuan, which will be used for the 300000 kilowatt wind and solar power generation project in Qitai County (200000 kilowatt wind power + 100000 kilowatt photovoltaic + 75000 kilowatt/300000 kilowatt hour energy storage) and supplementary liquidity after deducting the issuance fee.
Among them, the new energy group intends to subscribe for no less than 10% of the number of additional issuance, and the state-owned fund intends to subscribe for no less than 2% of the number of additional issuance. According to
the data, Lixin Energy was established in August 2013, funded by Xinjiang New Energy (Group) Co., Ltd., which is 90.48% owned by Xinjiang State Committee. The company's main business is investment, operation and management of clean energy projects such as wind power and photovoltaic. As the only state-owned new energy power generation enterprise in Xinjiang Autonomous Region, the wind farms and photovoltaic power stations operated by the company are mainly located in northern Xinjiang, with obvious resource endowment and location advantages, of which more than 70% are large base delivery projects. By the end of June, the installed capacity of grid-connected new energy of the Company was 1,536.5MW, and the installed capacity under construction was 1,137.5MW.
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