China Merchants CDI to Invest CNY15mn in Solar Energy Firm
China Merchants China Direct Investments Ltd. (SEHK: 0133), a Hong Kong-listed fund mainly investing in China Mainland, shows hot interest in renewable energy sector.
The fund firm announces that its wholly-owned subsidiary Shenzhen Tianzheng Investment Co., Ltd. (transliterated) has inked an agreement with Wuhan Rixin Technology Co., Ltd., a solar energy solution provider in China, deciding to pour CNY 15 million into the latter.
Wuhan Rixin is mainly engaged in the production, design, construction, operation and management of solar energy power stations, and also develops and installs the solar energy lighting systems . Its BIPV ((Building integrate Photovoltaic) systems are widely used in several solar energy projects in China.
Notably, a 1.2MW solar energy building integrated power station that is under construction in the PV industrial park of Rixin Technology has been recognized by the Ministry of Finance and the Ministry of Housing and Rural-Urban Development as a demonstration for the application of renewable energy technologies in building engineering field.
