China Power Clean Energy Development (CPNED), formerly China Power New Energy Development Company Limited (CPNE) and Oriental Investment, is a Chinese renewable energy company established in 2006 and listed on the Hong Kong Stock Exchange. It operates hydropower, wind, natural gas, solar, and waste-to-energy power plants.[1]
History
In 2011 CPNED became the first renewable energy company in China to succeed raising substantial hard currency funding via a bond issue.[2]
In 2010, the company acquired China Power Dafeng Wind Power Company for US$74 million.[3] In 2012, the company agreed to acquire a Chinese wind turbine unit of Suzlon Energy for US$60 million.[4][5]