Henan Yuneng Holdings (001896.SZ) plans to establish a subsidiary to invest in the construction of a 100MW wind power generation project.

Henan Yuneng Holdings (001896.SZ) announced that its wholly-owned subsidiary, Henan Yuneng New Energy Co., Ltd., plans to contribute 124 million yuan to establish a wholly-owned subsidiary, Yuneng Ruozhou Comprehensive Energy Co., Ltd., in Ruzhou City, Pingdingshan. The investment aims to construct the Yuneng Ruzhou 100MW wind power generation project, with a total installed capacity of 100MW and a dynamic total investment of 412 million yuan. The capital contribution ratio for the project is 30%, while the funding required for project construction beyond the capital contribution will be secured through bank loans. The construction period for this project is 12 months, and it involves the installation of 16 wind turbine units, each with a capacity of 6.25MW, as well as the construction of a new 220kV booster station. The above investment by the company is an important measure to achieve carbon peak and carbon neutrality goals, accelerating the companys transformation into a comprehensive energy service provider. It will have a positive impact on promoting national energy transition, ensuring electricity supply in Henan Province, and supporting the sustainable development of the company.