中航京能光伏REIT定向扩募超29.22亿助力能源转型

Core Viewpoint - The successful completion of the targeted expansion issuance of the AVIC Jingneng Photovoltaic REIT marks a significant step in enhancing the fund's asset quality and development momentum, reflecting market recognition of the value of green energy infrastructure and the professional management capabilities of AVIC Fund [1][2]. Group 1: Fund Expansion and Financial Details - The AVIC Jingneng Photovoltaic REIT raised a total of 2.92215 billion yuan (excluding interest during the fundraising period), reaching the upper limit of its fundraising scale, with a total of 300.88 million fund shares issued at a price of 9.712 yuan per share [1]. - The fund's asset structure has been upgraded by adding two high-quality hydropower projects, Sujiakou and Songshanhekou, to its existing photovoltaic projects, forming a "photovoltaic + hydropower" green energy combination [1]. Group 2: Asset Stability and Management - The newly added hydropower stations have a total installed capacity of 483 megawatts and are key power supply projects in Baoshan City, Yunnan Province, enhancing the stability of power generation through effective water resource management [2]. - The projects are prioritized in the Yunnan Province's "West-to-East Power Transmission" plan, ensuring efficient power consumption and market participation, with management provided by Baoshan Energy Development Co., which oversees 26 hydropower stations with a total capacity exceeding 950 megawatts [2]. Group 3: Strategic Investor Support and Market Context - The fund's duration has been extended to 27 years, allowing for deeper value extraction and continuous optimization of operational efficiency [2]. - The introduction of 10 strategic investors and 22 quality institutional investors enhances the fund's financial stability and diversifies its investor structure, aligning with the national "dual carbon" strategy and reinforcing the role of energy REITs as a bridge between green energy infrastructure and capital markets [2].