State Grid Corporation of China, China Electricity Power and other companies have established a new energy development company.

According to the Enterprise Search APP, in recent days, Guoneng New Energy Development Co., Ltd. was established, with Cui Zhiqiang as the legal representative, registered capital of 2.9 billion yuan, and business scope including: heat production and supply; solar power generation technology services; wind power generation technology services; power generation technology services; biomass energy technology services; energy management services; energy storage technology services etc. Equity penetration displayed by Enterprise Search shows that the company is wholly owned by Guoneng Hebei New Energy Development Co., Ltd., which is jointly owned by Guodian Power and State Energy Group Hebei Power Co., Ltd.