On October 16, Luyin Investment Group (600784.SH) announced that, according to the Shandong Energy Bureau document, the company, together with State Power Investment Group Shandong Energy Development Co., Ltd. (referred to as 'State Power Investment Shandong Energy'), formed a consortium to obtain the development rights of the W5 integrated wind-solar energy storage and transportation base project in Lubo Salt-Alkali Beach through competitive bidding, and agreed to establish respective project companies to jointly promote the development of the W5 new energy project. The company plans to invest 0.26 billion RMB in cash to establish a wholly-owned subsidiary, Luyin New Energy; Caiyangzi Salt Field plans to jointly invest with State Power Investment Shandong Energy to establish Diantou New Energy, with a registered capital of 0.25 billion RMB, of which Caiyangzi Salt Field will invest 85 million RMB in cash, holding 34% of the shares.
鲁银投资(600784.SH):拟出资2.6亿元设立全资子公司鲁银新能源推进W5新能源项目开发
luyin investment group (600784.SH): plans to invest 0.26 billion yuan to establish a wholly-owned subsidiary luyin new energy to promote the development of the W5 new energy project.
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