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Shanghai, May 28, 2021 /PRNewswire/ – The ceremony was held at the Shanghai Stock Exchange Building May 19, 2021, To commemorate the initial public offering (IPO) of Shanghai Electric Wind Power Group Co., Ltd. (“Shanghai Electric Wind Power Group”) (688660), a subsidiary of Shanghai Electric Group Co., Ltd. (“Shanghai Electric” or “Shanghai Electric”). “The Company”) (601727.SS and 02727.HK), listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange. This listing opened an important era in the company’s history as a new launch pad that will help accelerate the global transition to a greener and more sustainable wind energy-driven economy.
Shanghai Electric Wind Power Group submitted an IPO application to the China Securities Regulatory Commission Shanghai Stock Exchange in June 2020. After nearly a year of preparation, the company successfully listed on the SSE Science and Technology Innovation Board soon after the online roadshow.
“The IPO funds raised will help Shanghai Electric Wind Power Group develop new products and new technologies, build new bases, accelerate digital transformation, and improve overall product testing capabilities. It will support our plan to enhance the company’s competitive advantage and create New growth opportunities will invest in aftermarket services and smart manufacturing. In addition, it will also help optimize the capital structure and enhance the company’s ability to resist risks,” Said Jin Xiaolong, chairman of Shanghai Electric Wind Power Group.
The announcement of Shanghai Electric Wind Power Group’s IPO is in China’s Commit to achieve peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060. The IPO will further combine the company’s strength and expertise in wind energy with China’s The energy transition strategy aims to reshape the role of wind power in the field of renewable energy.
leader China’s In the offshore wind power industry, Shanghai Electric Wind Power Group is one of the world’s wind energy powerhouses. Its business covers wind turbine design, manufacturing, operation and maintenance services, and wind farm investment and development. Shanghai Electric Wind Power Group has formulated a product technology roadmap that combines product authorization, secondary development, strategic cooperation, and independent research and development. The company has opened up a path to promote the evolution of wind energy, coupled with strong digital capabilities, empowering the future development of the industry.
in March 2021, Bloomberg New Energy Finance (BNEF) listed Shanghai Electric as one of the top ten wind turbine manufacturers in the world. According to BNFE data, Shanghai Electric’s total installed capacity of new wind turbines increased by 5.07GW last year, making it one of the top ten in the global wind energy market.In addition, Shanghai Electric leads China’s The installed capacity of the offshore wind power market will reach 1.26GW in 2020, second only to Siemens Gamesa.
“Looking forward, Shanghai Electric will seize the new opportunities brought by the global energy revolution, devote itself to the development of green energy, promote the development of smart energy, and create ‘Zero carbon‘ Industrial Ecosystem of the Renewable Energy Industry,” Jin Xiaolong said.
Related Links
www.shanghai-electric.com
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Source: Shanghai Electric
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