Three gorges group to read a few of the European pv m&a

Solar photovoltaic (pv) net news: weekend, solar energy, Madrid news: three gorges group is working with new energy company X - Spain Elio negotiations to buy the stake. X - Although Elio headquarters is located in Spain, but its shareholders is the well-known KKR and boutique in the field of energy assets investment management company Brookfield Renewable.

x - Elio mean & other; From the sun god & throughout; - X is the abbreviation of the Ex, solar portal, meaning & other; 从“ ； Elio is Helios, meaning the sun god, Greek) 。 So, as the name implies, X-ray Elio co. , LTD. Is a solar power investment and management company, its core asset is the photovoltaic power station all over the world.

countries after consulting analysis: for & other; Beauty & throughout; The three gorges, X-ray Elio attraction is more than its solar assets, but also because of its solar asset location:

- X Elio asset to the company's solar energy in the past or now, basic is concentrated in the OECD countries, but also includes the Chinese investors/contractor is relatively difficult to directly to Japan, the United States, Australia, Italy, Spain, and South America and South Africa and other places. The market layout, in addition to a relatively stable return on investment, can become a useful supplement chinese-invested enterprises in traditional markets such as Asia, Africa and Latin America.

but in order to circumvent the geopolitical risks, if successful, the three gorges group should not take larger probability holding type acquisition & ndash; Keep KKR such political elites in the OECD countries have PanGeng fault section of the relationship between institutional shareholder, China solar energy network, help after three gorges in X-ray Elio's long-term development.

as the global interest rates and risk-free return during the outbreak of the cut, and further a brownfield project and have brown to the value of the Portfolio of assets investment/management company got appeared; And OECD countries with economic recovery looking towards stability, performance, or the ability to pay is stronger, therefore become & other; After the outbreak & throughout; Age of Chinese enterprises of new growth pole.

just revealed three gorges to buy X-ray in Spain Elio the same week, the three gorges group holdings of Portuguese electricity announced acquisition of Spanish power company Viesgo transaction value of more than 2 billion euros.

in fact, from last year's national grid in Chile, the third largest distribution company mergers and acquisitions and the three gorges of Yangtze power m&a Peru's largest power company, and for the first half of this year China can build and China railway construction completed to Spain three plus the engineering and design company mergers and acquisitions mergers and acquisitions, China solar energy network, solar equipment, already can see that there has been a new development trend of industry changes:

( 2) Assets investment is not only the result of the economic benefits, but also has a huge market, political benefits, even has the potential monopoly formed through alliance benefits;

　　（ 3) Chinese engineering contracting companies in the near future will face the new owners & ndash; This kind of new owner is no longer the past silly white sweet or Europe and the United States, but to adopt the foreign wars are good at the long, civil war, and to each kind of main owner to the contractor's cost price is very familiar.

when the owner of this kind of have a large number of overseas assets and resources and there are more overseas Glocalized & other tentacles; Bad & throughout; Since the rise of contracting enterprise assets failed to meet foreign enterprises will face how the situation?

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this paper statistics the September to today issued a total of 2. 85 gw pv power plant EPC and 1. 9 gw component bid opening information. Among them, the EPC project owner units is given priority to with soe/state, this also reflected from the side, in project bidding and parity, the state-owned enterprises have become the absolute main force. Specifically, CGNPC in development of 410 mw, 603 mw, guangzhou energy saving 220 mw, 345 mw, jin can group the people vote for 200 mw, 190 mw hubei energy group, huaneng power 180 mw