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China Suntien Green Energy

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China Suntien Green Energy Corporation, Ltd.
Native name
新天綠色能源股份有限公司
Xīn Tiān Lǜsè Néngyuán Gǔfèn Yǒuxiàn Gōngsī
Company typeState-owned enterprise
IndustryNatural gas, Wind power
Founded9 February 2010; 14 years ago (2010-02-09)
Headquarters
Shijiazhuang
,
China
Key people
Xin Cao (Chairman)
Chun Xiao Mei (CEO)
Increase CN¥15,985 million (2021)
Increase CN¥2,711 million (2021)
Total assetsIncrease CN¥16,005 million (2021)
Total equityIncrease CN¥23,764 million (2021)
Number of employees
2,489 (2021)
ParentHECIC (Hebei Construction & Investment Group), HECIC Water Investment Co.
SubsidiariesCaofeidian Suntien Liquefied Natural Gas Co.
Hebei Natural Gas Company
HECIC New Energy Co.
Websitewww.suntien.com
Footnotes / references
source[1]
China Suntien Green Energy
Simplified Chinese新日綠色能源公司
Traditional Chinese新天綠色能源股份有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinXīn Tiān Lǜsè Néngyuán Gǔfèn Yǒuxiàn Gōngsī

China Suntien Green Energy Corp. Ltd. (simplified Chinese: 新日綠色能源公司; traditional Chinese: 新天綠色能源股份有限公司; pinyin: Xīn Tiān Lǜsè Néngyuán Gǔfèn Yǒuxiàn Gōngsī) is a major natural gas and wind power corporation in China. Its headquarters are in Shijiazhuang in the province of Hebei.

Corporate structure

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China Suntien Green Energy is a joint stock company established on 9 February 2010 by HECIC (Hebei Construction & Investment Group) and its subsidiary, HECIC Water Investment Co. HECIC is owned by the provincial government of Hebei Province.[2] China Suntien Green Energy is the clean energy arm of HECIC.[2] The initial public offering was one of several Chinese renewable energy IPOs in 2010 and 2011, which included China Goldwind, Datang Renewables (a subsidiary of China Datang Corporation), Shanghai Taisheng Wind Power, and Trony Solar.[3]

China Suntien Green Energy raised US$369 million in its initial public offering on the Hong Kong Stock Exchange.[2][4] A major foreign investor was JPMorgan Chase, which purchased 13.87 percent of the company's stock within 12 days of its initial trading day.[4]

China Suntien Green Energy engages in the acquisition, sale, and distribution of natural gas; constructs natural gas pipelines; sells natural gas appliances to gas companies and industrial clients; constructs and operates solar and wind power farms; and sells the electricity it generates to electrical utilities.[5] At the time of its incorporation, China Suntien Green Energy owned a single wind farm.[4]

In December 2021, China Suntien Green Energy signed an agreement to purchase one million metric tons of liquified natural gas a year from Qatar Liquefied Gas. The contract runs for 15 years.[6]

References

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  1. ^ China Suntien Green Energy Corporation (14 April 2022). Green Energy: Make the World Better. Annual Report 2021 (PDF) (Report). pp. 65, 127–128, 131–132. Retrieved 25 April 2022.
  2. ^ a b c "China Suntien Green Energy raises $369 mln in HK IPO". Retuers. 7 October 2010. Retrieved 25 April 2022.
  3. ^ Krosinsky, Cary (2012). Evolutions in Sustainable Investing: Strategies, Funds and Thought Leadership. Hoboken, N.J.: Wiley. p. 295. ISBN 9780470888490.
  4. ^ a b c "JPMorgan boosts stake in China Suntien Green Energy to 13.87%". Renewables Now. 25 October 2010. Retrieved 25 April 2022.
  5. ^ "China Suntien Green Energy Corp Ltd". CNBC. 16 April 2020. Retrieved 25 April 2022.
  6. ^ "China Suntien Green Energy in 15-year LNG deal with Qatar Energy". S&P Global. 8 December 2021. Retrieved 25 April 2022.
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