Guangdong Construction Engineering Group Co Ltd Expands into Solar Power
In a strategic move to bolster its presence in the renewable energy sector, Guangdong Construction Engineering Group Co Ltd, a leading industrial company in construction and engineering, has announced plans to acquire 100% of the equity in five solar photovoltaic (PV) power project companies. This acquisition, valued at approximately 4.71 billion CNY, marks a significant expansion of the company’s portfolio in the solar energy domain.
Based in Guangzhou, China, and listed on the Shenzhen Stock Exchange, Guangdong Construction Engineering Group Co Ltd has been a prominent player in the construction and engineering sector since its IPO in 2006. The company specializes in a variety of renewable energy projects, including water conservation, hydropower, solar thermal power, and biomass power engineering. This latest acquisition aligns with its ongoing commitment to diversifying its renewable energy projects and enhancing its capabilities in the solar power sector.
The company’s strategic focus on renewable energy is further underscored by its recent financial performance. As of May 29, 2025, the company’s stock closed at 3.47 CNY, with a market capitalization of approximately 13.07 billion CNY. The price-to-earnings ratio stands at 11.5613, reflecting investor confidence in its growth trajectory.
In addition to its renewable energy endeavors, Guangdong Construction Engineering Group Co Ltd also operates in the real estate sector, showcasing its versatility and adaptability in the industrial landscape. The company’s official website, www.gdsdej.com , provides further insights into its diverse operations and strategic initiatives.
This acquisition is part of a broader trend in the industry, as companies increasingly pivot towards sustainable and renewable energy solutions. Guangdong Construction Engineering Group Co Ltd’s proactive approach in expanding its solar power capabilities positions it well to capitalize on the growing demand for clean energy solutions.
For more detailed information on this acquisition and other company announcements, interested parties can refer to the official documents available on the CNINFO website.