Longyuan Power to Acquire 49% Stake in Badain Jaran Company to Bolster Renewable Energy Market Position

Stock News06-26

China Longyuan Power Group Corporation Limited (SZSE: 001289) has announced its intention to purchase a 49% equity stake in Guoneng Badain Jaran (Gansu) Energy Development and Investment Co., Ltd., commonly known as Badain Jaran Company. The seller is China Energy Investment Group Co., Ltd.

Following deliberation and approval by the company's board of directors, Longyuan Power has agreed to proceed with the acquisition via a private agreement transfer. The total consideration for the stake is set at 246.317 million yuan.

Badain Jaran Company is responsible for the development and construction of the Badain Jaran project. This initiative is part of China's large-scale wind and solar power base development in desert and Gobi regions. It also serves as a supporting power source project for the "Longdian Ruchuan" ultra-high voltage direct current transmission project.

The planned scale of the Badain Jaran project involves the construction of 11,000 megawatts of new energy capacity. This will be complemented by thermal power peak-shaving projects and energy storage facilities.

Upon completion of the acquisition, Badain Jaran Company will become a wholly-owned subsidiary of Longyuan Power. This move is expected to enhance the effective advancement of the Badain Jaran project and further strengthen China Longyuan Power Group Corporation Limited's competitive edge within the new energy power market.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1113826799?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-26 22:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1113826799","market":"hk","top_or_hot":-1,"title":"Longyuan Power to Acquire 49% Stake in Badain Jaran Company to Bolster Renewable Energy Market Position","media":"Stock News","content":"<p>China Longyuan Power Group Corporation Limited (SZSE: 001289) has announced its intention to purchase a 49% equity stake in Guoneng Badain Jaran (Gansu) Energy Development and Investment Co., Ltd., commonly known as Badain Jaran Company. The seller is China Energy Investment Group Co., Ltd.<br><br>\nFollowing deliberation and approval by the company's board of directors, Longyuan Power has agreed to proceed with the acquisition via a private agreement transfer. The total consideration for the stake is set at 246.317 million yuan.<br><br>\nBadain Jaran Company is responsible for the development and construction of the Badain Jaran project. This initiative is part of China's large-scale wind and solar power base development in desert and Gobi regions. It also serves as a supporting power source project for the \"Longdian Ruchuan\" ultra-high voltage direct current transmission project.<br><br>\nThe planned scale of the Badain Jaran project involves the construction of 11,000 megawatts of new energy capacity. This will be complemented by thermal power peak-shaving projects and energy storage facilities.<br><br>\nUpon completion of the acquisition, Badain Jaran Company will become a wholly-owned subsidiary of Longyuan Power. This move is expected to enhance the effective advancement of the Badain Jaran project and further strengthen <b>China Longyuan Power Group Corporation Limited</b>'s competitive edge within the new energy power market.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Longyuan Power to Acquire 49% Stake in Badain Jaran Company to Bolster Renewable Energy Market Position</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLongyuan Power to Acquire 49% Stake in Badain Jaran Company to Bolster Renewable Energy Market Position\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-06-26 22:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>China Longyuan Power Group Corporation Limited (SZSE: 001289) has announced its intention to purchase a 49% equity stake in Guoneng Badain Jaran (Gansu) Energy Development and Investment Co., Ltd., commonly known as Badain Jaran Company. The seller is China Energy Investment Group Co., Ltd.<br><br>\nFollowing deliberation and approval by the company's board of directors, Longyuan Power has agreed to proceed with the acquisition via a private agreement transfer. The total consideration for the stake is set at 246.317 million yuan.<br><br>\nBadain Jaran Company is responsible for the development and construction of the Badain Jaran project. This initiative is part of China's large-scale wind and solar power base development in desert and Gobi regions. It also serves as a supporting power source project for the \"Longdian Ruchuan\" ultra-high voltage direct current transmission project.<br><br>\nThe planned scale of the Badain Jaran project involves the construction of 11,000 megawatts of new energy capacity. This will be complemented by thermal power peak-shaving projects and energy storage facilities.<br><br>\nUpon completion of the acquisition, Badain Jaran Company will become a wholly-owned subsidiary of Longyuan Power. This move is expected to enhance the effective advancement of the Badain Jaran project and further strengthen <b>China Longyuan Power Group Corporation Limited</b>'s competitive edge within the new energy power market.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0271","symbol_name":"能源供应","start_time":0,"source_url":"","article_id":"1113826799","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1113826799","pubTimestamp":1782483044,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"China Longyuan Power Group Corporation Limited (SZSE: 001289) has announced its intention to purchase a 49% equity stake in Guoneng Badain Jaran (Gansu) Energy Development and Investment Co., Ltd.,...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"159146":"电力","159875":"新能源","160640":"新能源","399941":"新能源","BK0271":"能源供应","BK1558":"风电股","00916":"龙源电力","LU0823040885.USD":"东方汇理新兴市场焦点股票基金","001289":"龙源电力","BK1154":"新能源发电业者","LU0531970944.HKD":"HSBC GIF BRIC EQUITY \"AC\" (HKD) ACC","HK0000252152.HKD":"易方达 (香港) 中国股票股息基金A 类 (累积) 港元","BK1594":"碳中和概念股","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","HK0000252160.HKD":"易方达 (香港) 中国股票股息基金A 类 (分派) 港元","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","HK0000500386.USD":"易方达 (香港) 中国股票股息基金A 类 (累积) 美元","000941.SH":"新能源","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0254981946.USD":"HSBC GIF BRIC MARKETS EQUITY \"AC\" (USD) ACC"},"translate_title":"龙源电力将收购巴丹吉林公司49%股权巩固可再生能源市场地位","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"159146":1,"159875":1,"160640":1,"399941":1,"000941.SH":1,"001289":1,"00916":1},"content_text":"China Longyuan Power Group Corporation Limited (SZSE: 001289) has announced its intention to purchase a 49% equity stake in Guoneng Badain Jaran (Gansu) Energy Development and Investment Co., Ltd., commonly known as Badain Jaran Company. The seller is China Energy Investment Group Co., Ltd.\nFollowing deliberation and approval by the company's board of directors, Longyuan Power has agreed to proceed with the acquisition via a private agreement transfer. The total consideration for the stake is set at 246.317 million yuan.\nBadain Jaran Company is responsible for the development and construction of the Badain Jaran project. This initiative is part of China's large-scale wind and solar power base development in desert and Gobi regions. It also serves as a supporting power source project for the \"Longdian Ruchuan\" ultra-high voltage direct current transmission project.\nThe planned scale of the Badain Jaran project involves the construction of 11,000 megawatts of new energy capacity. This will be complemented by thermal power peak-shaving projects and energy storage facilities.\nUpon completion of the acquisition, Badain Jaran Company will become a wholly-owned subsidiary of Longyuan Power. This move is expected to enhance the effective advancement of the Badain Jaran project and further strengthen China Longyuan Power Group Corporation Limited's competitive edge within the new energy power market.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1113826799","isCrawlerRequest":true}