# Longyuan Power to invest CNY632M in Guodian United Power

Longyuan Power agreed to invest CNY632 million in Guodian United Power as part of a capital increase and equity restructuring involving China Energy and Guodian Tech&Environment. The deal aims to improve Guodian United Power's financial position and expand its wind turbine manufacturing capacity.

- Type: Investment
- Announced: 2021-06-16
- Where: China
- Value: $98.0M (632.0M CNY)
- Status: announced
- Products: wind turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [China Energy](https://endata.com/companies/15977.md) (investor)
- [Longyuan Power](https://endata.com/companies/29846.md) (investor)
- [Guodian Tech&Environment](https://endata.com/companies/55855.md) (investor)
- [Guodian United Power](https://endata.com/companies/55856.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/495318.html), 2021-06-16: "本次交易将有利于改善国电联合动力财务状况，提升国电联合动力产能，大幅降低其财务风险"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.