CECEP Solar Acquires Jinhua Fengling New Energy for RMB 527 Million to Expand PV Market Share

Published: Feb 13, 2026 14:52

Save

On 10 February, China Energy Conservation Solar Co., Ltd. (Stock Code: 000591) announced that to enhance corporate profitability and expand market share in solar photovoltaic power generation, its wholly-owned subsidiary China Energy Conservation Solar Technology Co., Ltd. acquired 100% equity in Jinhua Fengling New Energy Development Co., Ltd. from Hangzhou Fengling Electric Power Technology Co., Ltd. for RMB 527.4198 million.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[SMM PV] The Era of Homogeneous Competition in PV Has Come to an End

Jinko Solar stated that the stage of global product homogenization in the PV industry has come to an end. Vice President Qian Jing noted that the model of a single standardized module sweeping the global market no longer exists. In 2026, Jinko Solar has set its module shipment target at 75–85 GW and unveiled its flagship product, the Feihu 5 module, tailored for six major application scenarios, with a mass production efficiency of 25.91%. Furthermore, the enterprise regards AIDC computing-power synergy as the core growth direction for the next three to five years. It has successfully won the bid for the world's largest PV+ESS integration AIDC project in the Middle East and will provide 2 GW of PV modules for this project.

1 hour ago

[SMM PV] Laplace plans to raise 2.201 billion yuan to invest in PV and semiconductor high-end equipment

STAR Market-listed Laplace (688726) announced plans to raise funds not exceeding 2.201 billion yuan, earmarked for the R&D of high-end PV and semiconductor equipment, the second-phase construction of the Wuxi high-end PV equipment base, among other projects. The company’s main business focuses on core process equipment for solar cells (thermal processes, coating, etc.) and is expanding into the field of advanced semiconductor packaging equipment.

1 hour ago

[SMM Photovoltaic] ACWA Power Inks Deal for 500MW Solar-Plus-Storage Project in Philippines

ACWA Power Inks Deal for 500MW Solar-Plus-Storage Project in New Clark City, Philippines Saudi Arabian energy developer ACWA Power has officially signed a lease agreement with the Bases Conversion and Development Authority (BCDA) of the Philippines to develop a 500MW large-scale solar-plus-storage project in the iconic smart city, New Clark City. Spanning approximately 500 hectares within the New Clark Special Economic Zone (SEZ), the project will be spearheaded by ACWA Power’s local subsidiary. This milestone marks the company's first-ever land agreement signed with a Philippine government agency. Designated as a flagship power supply project for the economic zone, the solar-and-storage facility will deliver clean energy to data centers, advanced manufacturing hubs, and AI-driven industries within the park. The minimum investment for the project is estimated at $400,000 per megawatt.

1 hour ago