Seize the wind power market, Huadian New Energy plans to go public


China Huadian Group New Energy Development Co., Ltd. (hereinafter referred to as Huadian New Energy), a wholly-owned subsidiary of China Huadian Group, plans to go public separately two years later to raise more funds to seize more of the emerging wind power market in China.

And this market is growing at an alarming rate. The National Development and Reform Commission official said yesterday that China's wind power installed capacity will exceed 10 million kilowatts by the end of this year, and it is expected to exceed 20 million kilowatts in the next two years. China will soon become the largest wind power generation country.

Huadian New Energy focuses on wind power generation

Fang Zheng, general manager of Huadian New Energy Co., said in an interview with the media yesterday that the company plans to go public separately around 2010 and is still doing research and argumentation. However, he did not disclose the location and financing amount of the company's listing.

Huadian New Energy has a registered capital of 200 million yuan. It was jointly invested by Huadian Energy (600726, SH) and Huadian Group, Huadian Power International Co., Ltd., Guizhou Wujiang Hydropower Development Co., Ltd. and Huadian Engineering (Group) Co., Ltd. last year. Huadian Energy's investment ratio is 12%, which is the third largest shareholder.

According to the company's statistics, the company has now obtained resources in 14 provinces and municipalities including Inner Mongolia, Xinjiang, Guangdong, Jiangsu, Zhejiang, Hubei, etc., and signed a number of project development agreements with the local government, accumulating a total of nearly 10 million kilowatts of wind power resources. .

The company plans to invest in the construction of Inner Mongolia Huitengxile-Cullen wind power base, Baotou Bayin wind power base, Tongliao wind power base, Gansu Jiuquan wind power base, and Jilin Da'an wind power base in North China, Northwest China and Northeast China.

Wind power investment is huge, need to be listed for financing

Analysts believe that because of the huge investment in wind power, listed financing can be said to be an important choice for enterprise development. Luo Weige, general manager of Tianjin Binhai Venture Capital, believes that the main problem faced by wind power generation enterprises is still funds. A wind power plant investment should be 500-600 million yuan, and its own funds account for only about 20%. Zhao Ke, general manager of the Small and Medium Enterprise Department of Shanghai Pudong Development Bank, said that wind power companies have generally large financing and relatively stable income. In recent years, the state has also formulated a series of preferential policies to support the construction of wind power. Founder said that these policies include the nearest Internet access, the sharing of electricity prices, and the halving of value-added tax. At the same time, the 11th Five-Year Plan also regards wind power as the implementation focus.

At present, there are more than 10 companies related to wind power operation in China, including Guangdong Electric Power A (000539, SZ), Luneng Taishan (000720, SZ), Shenergy (600642, SH), and Guodian Power ( 600795, SH) and so on. Wind energy has occupied an important position in China's new energy development strategy. At the end of 2007, China's wind power construction has exceeded 6 million kilowatts, ranking fifth in the world.

Zhou Xi'an, director of the National Development and Reform Commission responsible for energy management and policy research, said: At present, China's wind power installed capacity is 4.2 million kilowatts, and last year it put into operation 3.4 million kilowatts, more than the cumulative total in the past. According to the current development, the domestic installed capacity exceeded 10 million kilowatts at the end of the year, and will exceed 20 million kilowatts in two years. China will soon become the largest wind power generation country.



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