# ShanGao New Energy to acquire Nanyang Qingdian New Energy for RMB 800M

ShanGao New Energy (01250) announced on January 5, 2024, that its indirect wholly-owned subsidiary Tianjin Beiqing Power Smart Energy will acquire 100% equity of Nanyang Qingdian New Energy for RMB 800 million. The target company owns a 100 MW wind power and smart energy storage project in Sheqi County, Henan Province, China.

- Type: Acquisition
- Announced: 2024-01-05
- Where: Sheqi County, Henan Province, China
- Value: $111.0M (800.0M CNY)
- Status: announced
- Capacity: 100 MW
- Products: wind power, smart energy storage
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [ShanGao New Energy](https://endata.com/companies/74810.md)
- [Nanyang Qingdian New Energy](https://endata.com/companies/74811.md) (target)
- [Qingdian Technology Group](https://endata.com/companies/74812.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1051187.html), 2024-01-07: "集团收购目标项目促使公司获得目标公司的全部权益，而目标公司主要从事(其中包括)目标项目的开发、建设、营运及管理。"

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