China Merchants New Energy Group Limited (“CMNE”) is a subsidiary of China Merchants Group (“CMG”), a key state-owned enterprise subordinated to the State-Owned Assets Supervision and Administration Commission (SASAC) of the State Council. CMNE a holding company that is engaged in the investment and operation of solar power plants and renewable energy business.
CMNE, headquartered in Hong Kong, has two subsidiaries: 1) United Photovoltaics Group Limited, a leading solar farm operator in China and a HK mainboard listed company with stock code of 00686.HK, engaging in solar power plant investment and operation. CMNE and its persons acting in concert hold 24.08% of the equity; 2) New Energy Exchange Limited Company (“NEX”), a vertical one-stop service provider dedicated to solar power and renewable energy projects trading and value-added services.
On Sept. 14, 2015, United Photovoltaics Group Limited was admitted into Hang Seng Index; and on November 30, 2015, it became a component stock of Global Small Cap China Index of MSCI.
|Photovoltaic power station||New energy trading and services||Energy internet|
The solar power plants of CMNE spread across Inner Mongolia, Qinghai, Shanxi, Hubei, Xinjiang, Gansu, Jiangsu, Yunnan and Guangdong etc.
CMNE has opened up new frontiers for new energy technological development at home and abroad. By mastering cutting-edge technologies, reducing cost and increasing efficiency, CMNE has tried to improve the competitiveness of the industry and reach grid parity, allowing millions of households to access green energies and creating a low-carbon eco-friendly society together with the strength from the entire society. Having its foothold in the rapidly growing solar power industry in China, CMNE has gained enormous value through investing in high-quality solar power plants. With the advantages as the key downstream player in the entire sector, CMNE has accelerated the rapid growth of the industry value chain. CMNE has established strategic alliance with its upstream leaders including raw material suppliers, equipment manufacturers, system integrators, power utilities and information service providers, to create a green world.
Aiming to pioneer new energy application and to build the world’s largest and most professional solar farm operation and new energy service platform, CMNE has made strategic partnerships with leading state-owned enterprises and major players in the solar industry. Furthermore, CMNE has integrated and optimized the solar industry value chain by merging with its industrial partners. Through the construction of large-scale solar power plants and the utilization of innovative technologies, CMNE was the first to launch a mobile internet App “iNEX”, which has achieved effectiveness and real-time intelligent management over the power plants across the world, and created a global smart management system for solar power plants. As a leader in industry innovation, CMNE is the first to introduce remote control drone with camera in solar power plant operation and management.
Together with millions of households we serve, CMNE is committed to making our planet green and harmonious and contributing to safeguard our earth.