Shuifa group enters energy storage

What is shuifa Energy Group?

Shuifa Energy Group Co., Ltd. engages in new energy development. Th Company develops, constructs, and operates wind power and photovoltaics projects. Shuifa Energy Group provides gas and heating supply, hydrogen energy, energy storage, energy conservation, new energy products recycling and reuse, and other services.

Who is China shuifa singyes Energy Group?

China Shuifa Singyes Energy Group (, formerly China Singyes Solar Technology Holdings Co., Ltd) is a company operating in clean energy, green building, and new materials segments. Its Clean Energy segment specializes in natural gas, wind energy, hydrogen energy, energy storage, photovoltaic power, and other areas.

Does shuifa energy own singyes solar?

Shuifa Energy, through its subsidiary Water Development HK Holdings Co Ltd, agreed to subscribe to almost 1.69 billion newly issued shares in China Singyes Solar last year. The stock short name of Singyes Solar will change to SFSY ENERGY from April 9, 2020. The trading code of the company’s shares will remain the same.

Where is Shuifa Group Co., Ltd based?

Shuifa Group Co., Ltd was founded in 2009 and is registered and headquartered in Jinan City, Shandong Province. The company’s registered capital and paid-in capital were both RMB5.206 billion at end-September 2021.

How much money does shuifa singyes have to repay?

Revenue from the sale of electricity from Shuifa Singyes' 447 MW solar estate rose, however, from RMB313 million, in 2019, to RMB326 million. The extent of support offered by Shuifa since the bail-out was reflected by the fact Singyes will have to repay $12.7 million to its parent by August 27 and a further $213 million by the end of the year.