As the legal advisor for the project, Fangda Partners advised China Energy Engineering Group Co., Ltd. on the establishment of CICC-CEEC Wind Power Green ABS (Designed for carbon neutrality). In this project, China Energy Construction Co., Ltd. is the original equity owner, China International Capital Corporation Limited is the underwriter, and China energy construction Ping An (Tianjin) Equity Investment Fund Management Co., Ltd. is the fund manager. The project has a fundraising scale of RMB 834 million, with a full subscription multiple of 3.57 times, a senior interest rate of 3.50% and a senior rating of AAAsf, which is the lowest issuance rate in the market for REITs of central enterprises. The special plan has been successfully issued on December 9, 2021 by listing transfer in Shanghai Stock Exchange. The Fangda team is led by partners Wu Dong and Yan Yan.

As the first “carbon-neutral” REITs in China, the CICC-CEEC Wind Power Green ABS (Designed for carbon neutrality) is an innovative financial instrument for securitization of new energy power assets, which is conducive to the implementation of the concept of green and sustainable development and the in-depth practice of carbon peaking and carbon neutrality. As an innovative financial instrument for securitization of new energy power assets, this special plan is conducive to the implementation of the concept of green and sustainable development, the in-depth implementation of the “30-60” strategic goal action plan (White Paper), the development of green finance, the organic combination of industry and finance, and the promotion of high-quality development of green low-carbon industries.