Chapter 490 - Financing Debt-to-Equity Swap

Director Wang accompanied Thomas and other board members and chatted for a long time before the Lingshui County escort hurriedly came over and said in his ear: "Director Wang, we have signed the contract for the rubber factory, and there is really no way to change it." ”

"If you don't see if this will work, this hill, to be honest, is not very in the way, let them use a bulldozer to push it, that is, the ground."

"Of course, it's more troublesome and more costly."

"Then we will suffer a loss, we will give them a total of seven square kilometers of saline-alkali land, and then give them ten square kilometers of hills, and they can bulldoze them themselves if they are willing to, if they don't, they will put the solar panels loosely."

"We'll just collect a total of 10 square kilometers of land from them."

Director Wang pondered for a while, patted him on the shoulder with a smile and said, "Not bad! That's a great offer! Although they had to pay a little more to bulldoze all these hills with bulldozers, in general, it was still much cheaper than buying 17 square kilometers of vacant land directly, just a little more time. ”

Hearing Director Wang's reply, Thomas and other board members got together to discuss it for a while and accepted their proposal.

Moreover, they also proposed that since the hilly area is cheaper, it is better to buy more.

The total area of these hilly areas is twenty or thirty kilometers, and they are willing to buy all of them.

Director Wang couldn't help but shake his head secretly.

These foreigners are really welcome, as soon as they see that it is a little cheap, they want to take it all.

Saline land and hills, although it is not as good as agricultural land, can also be used for various commercial developments.

If it weren't for the country's desire to attract Western energy companies to invest in China, who would have sold it to you so cheaply?

He could not agree to the deal on behalf of Lingshui County, but only acted as a middleman, and the Northern California Company had to negotiate with Lingshui County.

In the end, I got a secret nod from the Ministry of Energy.

Lingshui reluctantly agreed to sell all the land to Northern California Solar Energy.

However, they also stipulate in the contract that the land can only be used for the construction of solar power plants, cannot be diverted for other purposes, and cannot be sold to third parties.

If the regulations are violated, Lingshui County has the right to take back the land.

The Northern California company agreed to Lingshui County's request and happily signed a formal contract.

In the end, they took seven square kilometers of flat saline land in one fell swoop, and after surveying, a total of 20 square kilometers of hilly land.

Twenty-seven square kilometers of construction land were purchased at one time.

According to the Ministry of Energy, it is very remarkable that they can use all this land.

More than 20 square kilometers of solar power stations can provide more than 30 billion kilowatt-hours of electricity every year!

If all the construction is completed, coupled with the local power system in Qiongzhou, the power supply of the whole province can be completely guaranteed.

Perhaps, it would be better if there was some more electricity to supply to Yuezhou.

Northern California Solar Energy Company has obviously held back its strength for so many years, and the contract here has just been signed, and they can't wait to take action immediately.

Draw circles with lime powder and fill some muddy floors flatly, and you can get busy.

A few days later, a large number of technicians flew over from the United States to plan the construction of the power plant's inverter station together with the personnel of Party Z.

About half a month later, the first batch of solar cells was shipped from abroad by sea.

Here is still busy preparations, and the battery pack has begun to be placed, connected, and assembled according to the plan.

In order to ensure that the solar panels are not blown away by the strong winds, the Northern California company directly under each installation point, beating more than ten meters of steel bars as support, and firmly welded the solar panels.

Director Wang returned to Baijing to report on his work, and when he went to Lingshui County two months later, he was surprised to find that nearly three square kilometers of solar cells had been installed on the seaside.

Hundreds of workers are busy building the inverter station.

In the distance, telephone poles stretch inland to a green building.

This is the delivery point where the Northern California solar power station will sell the generated electricity to the Qiongzhou power grid.

According to the contract, Qiongzhou Power Grid will buy all the electricity from the solar power station of the Northern California Company at a price of 25 cents per kilowatt-hour, and then sell it to end users at the price of 7 cents per kilowatt-hour for commercial electricity and one yuan for industrial electricity.

In the early days of solar power plant construction, energy storage stations were not installed in order to save costs, so the power plant could not supply power at night.

Therefore, the electricity consumption of residents at night is still independently generated and supplied by the Qiongzhou power grid.

This result has made the Ministry of Energy very satisfied.

At this time, it was only March, and the power supply in Qiongzhou began to become tight.

A large number of hydropower stations do not have enough power supply, the price of coal has risen sharply, long-distance transportation is difficult, and thermal power generation cannot ensure sufficient power supply.

In many places, measures of "power rationing" have begun to appear to save electricity.

The rapid completion and operation of solar power stations in Northern California has quickly alleviated the shortage of electricity in Qiongzhou.

At the end of March, the Northern California Solar Energy Company's three-square-kilometer solar power plant began to supply electricity to the neighboring Siya, Wanning, and Qiongzhong regions at a rate of 11.5 million kilowatt-hours per day.

In April, the Northern California company began building an automated factory on a hilly area that had been bulldozed.

They were determined to close down all the small remaining businesses in the United States and transfer them all to China, completely abandoning the North American market.

At the end of April, a total of five square kilometers of solar power plants in Northern California were completed and put into operation, supplying 18 million kilowatt-hours of electricity to the Qiongzhou grid every day.

So far, the power shortage in the entire Qiongzhou has been greatly alleviated.

Local government officials in Qiongzhou have come to the construction site of the company in Northern California to conduct on-the-spot inspections.

They gave on-site instructions to the Lingshui County Government, where the Northern California company is located, and asked them to make every effort to assist the Northern California company in the construction of the solar power plant.

He also demanded that the militia and reservists be mobilized to actively participate in the work of bulldozing the hilly areas and complete the leveling of the land for the power plant as soon as possible.

They also greeted the board members of Northern California Solar Energy and listened to their opinions.

On the spot, he said that Qiongzhou will fully support the construction of the solar power station and give them all the convenience they can!

The tax department also said that according to the latest tax exemption policy for the new energy industry, the tax burden of Northern California solar companies will be fully exempted for three years and halved for eight years.

(Tax burden is completely exempt≠ all taxes are exempted, and the tax burden is the tax burden, an economic burden caused by the state's taxation. )

In mid-June, Qiongzhou announced that it would build a civilized, clean and pollution-free province.

At the same time, we will vigorously carry out the work of pollution reduction and emission reduction, and order rectification of factories and enterprises with serious pollution.

Since June, the board members of the Northern California company have not continued to stay on the construction site, but have left Huaxia to lobby heavily in Europe.

They are looking to get more money on the basis of an existing power grid.

July 2010.

The first European bank issued its first financing loan to a company in Northern California, with a total amount of 250 million euros.

The parties negotiated that if the Northern California company was unable to repay the loan on time, the financing loan could be converted into shares.

At that time, the bank will enter the board of directors and become one of the shareholders of the company.

On the Internet, the commercialization of solar energy, which has been silent for eight years, has once again become the focus of people's attention!

The stocks of the listed companies that include the solar business are starting to rise rapidly.

Countless solar-related research departments have issued enthusiastic congratulatory messages to celebrate the breakthrough of solar technology, and declared that they have long said that it is only a matter of time before solar energy becomes one of the main energy sources for mankind.

October 2010.

The Northern California company has received a second tranche of financing, totaling six billion euros!

This is a joint financing loan issued by several European financial institutions.

They also put forward the conditions for the debt-to-equity swap, requiring that in the event that the loan cannot be repaid on time, the bonds can be converted into shares of the company according to a certain percentage.

The news shocked the whole world!

Immediately, thousands of financial institutions around the world expressed their willingness to provide financing loans to Northern California solar energy companies.

They only have one requirement, which is this financing, and they can also carry out bond and share conversion.

Northern California Solar Energy Corporation, with huge financial support, has embarked on a path of rapid expansion.

The automatic production line invested and built by the company in Huaxia was running at a staggering speed, and the second production line was started at the same time as the first production line was put into use.

Because of the localization of production, as well as the full support of Party Z.

At the beginning of the second year, all 27 square kilometers of construction land in Qiongzhou were used up at one time.

The solar power plant in Northern California has a staggering 93 million kilowatt-hours of electricity per day.

The transmission network of the Qiongzhou power grid in Lingshui has reached the maximum limit of power transmission.

This is a terminal subnet, and it is no longer able to afford the transmission of higher power.

The Ministry of Energy personally led the construction of an ultra-high-voltage long-distance transmission backbone network in Lingshui, and decided to build a high-voltage transmission line from Qiongzhou to Guangdong based on the sea-rail line.

In addition, several large state-owned banks, such as the Bank of Z, the Industrial and Commercial Bank of China, and the China Construction Bank, jointly provided 40 billion yuan of funds to the Northern California company to participate in the investment and shareholding.

Twenty-four percent of the shares.

Considering that solar power plants are already beginning to take shape, in order to disperse the potential risk of too much concentration of power generation areas.

Northern California Solar Energy has come up with a plan for "distributed photovoltaics."

Across the country, renting idle rooftops from residents, laying solar panels, and then selling the generated electricity directly to the local grid.

In doing so, it is possible to prevent the occurrence of large-scale power supply interruptions in the event of natural disasters, equipment failures, or man-made accidents.

At the same time, it can also save a lot of land area.

There are a lot of benefits.

Experts from the Ministry of Energy assessed the option and found it to be very feasible.

Not only can it avoid the high cost of rebuilding the power grid, but it can also allow people in many places to have an extra income every year.

After all, according to the Northern California company's plan, they will rent residents' roofs for 60-80 yuan per square meter to install solar panels.

In this way, many rural residents can get a rental income of nearly 10,000 yuan a year.

That's a pretty staggering number!

Even more than the total annual income of many poor areas and families!

Once it is truly promoted, it will significantly increase the income level of local residents and will also bring great promotion effects to economic development.

It can also greatly alleviate the problem of rural areas, the aging population without pensions, and the difficulty of providing for the elderly.

There is no reason why the state should not support it.

As a result, they quickly introduced support for distributed PV development, encouraging the installation of PV solar panels on the rooftops of businesses, public institutions, and residents, as well as providing subsidies or other forms of support for such projects.

These policies have directly spawned the emergence of the "roof economy".

Related listed companies, such as "Oriental Yuhong", which specializes in building waterproofing, have benefited from this, and the stock has walked out of the amazing trend of five boards.

The generosity of the Chinese side has amazed many people.

And other countries are not far behind. (End of chapter)