Provide Guidelines for Legal Due Diligence of Equity Mergers and Acquisitions in Wind and Photovoltaic Power Projects for Huadian Group

In the increasingly fierce market competition, capital operation has gradually become one of the important means for enterprises to survive and develop. Through mergers and acquisitions, enterprises realize the change of control rights in the form of property rights transfer, and then promote the effective allocation of resources. Therefore, mergers and acquisitions have become one of the important ways for enterprises to improve their competitiveness through capital operation. In order to guide all directly affiliated subsidiaries and grass-roots enterprises to complete the legal due diligence work of new energy M&A projects with high quality and efficiency, and to effectively identify, evaluate and prevent legal risks in the process of new energy project M&A, China Huadian Group Co., Ltd. entrusted Jin Rui Law Offices to  compile legal due diligence work guidelines for new energy M&A projects in March this year, which can be used by all subsidiaries in Huadian Group's system for reference when conducting legal due diligence on new energy M&A projects.   With the continuous growth of the total installed capacity of wind and photovoltaic new energy projects, the state has successively issued a series of policies and regulations related to the land use, subsidies, construction, operation and supervision of new energy projects. While regulating the orderly and healthy development of the new energy market, it also brings new challenges to the compliance review of new energy projects. The implementation of the M&A project will involve a lot of practical work. Jin Rui's partner Cheng Peng leads the project team to sort out the practical aspects of the M&A project one by one for the new energy M&A project decision-making and executive personnel of the Huadian Group's and make detailed analysis from the overall and details. After more than a month of preparation work, the Guidelines for Legal Due Diligence Work on Equity Mergers and Acquisitions of Wind and Photovoltaic Power Projects has finally been completed. The guidelines mainly include the main content of due diligence on major legal issues before project initiation, the main content of legal due diligence before project approval, the list of preliminary documents for legal due diligence of wind and photovoltaic power projects, and the outline of the compilation of legal due diligence reports on equity mergers and acquisitions of wind and photovoltaic power projects, which have played a good guiding role on planning, arrangement and implementation of the project, and can effectively help corporate clients to effectively identify, evaluate and prevent legal risks in the process of mergers and acquisitions of new energy projects.