Xinyi Energy Successfully Acquires RCR, a Century-Old Renowned Enterprise in New Zealand, to Further Its Global Layout of Green Energy

On March 2, 2026, Xinyi Energy Holdings Limited (Stock Code: 03868.HK) successfully completed the acquisition of controlling shareholder shares in RCR Infrastructure Ltd. (“RCR”） of New Zealand. This transaction represents a key milestone in the Group’s strategy to build a global presence in green energy. It will not only enable the in-depth synergy and complementary strengths of core resources between the two parties, but also help the Group further penetrate the New Zealand new energy market and enhance its overseas business footprint.

Founded in 1898, RCR is a well-established infrastructure services provider with a century-long reputation in New Zealand. Its business covers heating, ventilation and air conditioning (HVAC), electrical services, and green energy solutions. RCR DataGuard, a division under RCR, specialises in high-quality power protection solutions tailored for demanding and high-load applications across New Zealand.
Leveraging RCR’s century-old brand influence, nationwide service network and premium customer base, Xinyi Energy will deepen its presence in the New Zealand market and vigorously promote clean energy solutions including photovoltaic (PV) plus energy storage. This will unlock broader prospects for the Group’s future business expansion in rooftop PV, ground-mounted solar farms, energy storage systems and other clean energy projects.
Committed to the philosophy of green development, Xinyi Energy draws on its sound financial strength, extensive experience in the development, operation and management of new energy projects to steadily advance its global new energy layout. The Group strives to become one of the world’s most competitive renewable energy investor and operator.