CDB New Energy Technology Co., Ltd., affiliated with CDBC, a wholly-owned subsidiary of the development finance institution CDB, offers a professional platform specialized in new energy investment, construction and management. The establishment of CDB New Energy was led by CDBC, with investment from domestic and overseas investment institutions, including Sino-Japan Energy Saving and Environmental Protection Venture Capital Co., Ltd., Everbright Financial (Tianjin) Industrial Investment Fund Management Co., Ltd., Morgan Stanley (China) Equity Investment Management Co., Ltd., and Beijing Sequoia Shangye Investment Management Center, LLP. The company was incorporated in December 2014 and its main business areas include new energy project development, investment, construction and maintenance.

Following its major shareholder CDBC’s strategic positioning and planning in new energy industry, CDB New Energy has developed, invested in and acquired large ground-mounted photovoltaic power plants and mature distributed power plants in regions with small risks of power rationing and concentrated power load. It expects to increase the total installed capacity to 1GW, 3GW and 5GW respectively in 2015, 2016 and 2017, with the aim to build itself into a leading market player and go public.