Core Viewpoint - China Nuclear Technology (00611.HK) plans to acquire 100% equity of Ningxia Tianping Boguan New Energy Co., Ltd. for a total consideration of RMB 80.3826 million, enhancing its renewable energy portfolio in a key region of China [1][2]. Group 1 - The acquisition will allow the company to operate a grid-connected and revenue-generating shared energy storage power station in Ningxia, a significant renewable energy base in China [2]. - The target company was established on December 13, 2021, with a registered capital of RMB 80 million and has completed the grid connection of the Ningxia Tianping Tongxin 200 MW/400 MWh shared energy storage project by October 11, 2024 [1][2]. - The project is currently in normal commercial operation and has completed all major construction and approval processes [2]. Group 2 - Ningxia is recognized as one of China's main renewable energy generation areas, with strong policy support and market demand for energy storage solutions to alleviate wind and solar power curtailment issues [2]. - The strategic location of the project expands the company's generation and storage business portfolio, diversifying energy sources and creating additional sustainable revenue streams [2]. - The acquisition is expected to leverage economies of scale to reduce potential costs, aligning the company's operations with sustainable development needs [2].