Longyuan Power Explained

China Longyuan Power Group Limited
龙源电力集团股份有限公司
Type:State-owned enterprise
Area Served:People's Republic of China
Key People:Chairman: Mr. Zhu Yongfan
Industry:Wind power
Parent:China Guodian Corporation
Foundation:1993
Location City:Beijing
Location Country:People's Republic of China
Homepage:China Longyuan Power Group Limited

China Longyuan Power Group Limited (HKEX:), or Longyuan Power, is the largest wind power producer in China and Asia.[1] It is mainly engaged in designing, developing, managing and operating wind power plants, and selling the electricity generated by its plants to its sole customers.[2] As of June 2013, the company had installed wind power plants with a total capacity of 10,661 MW.[3]

Longyuan Power is a partially owned subsidiary of the state-owned China Energy Investment, and is responsible for China Energy's renewable energy assets. It had a 24 percent share of China's wind power market in terms of total installed capacity as of the end of 2008. It was listed on the Hong Kong Stock Exchange as H share in December 2009 with an IPO price of HK$8.16 per share.[4]

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Notes and References

  1. Web site: UPDATE 1-China Longyuan Power ups IPO plan to $1.3 bln-sources. 9 November 2009. www.reuters.com.
  2. Web site: China Longyuan Power Group Limited (916) Company Profile - CorporateInformation.com. www.corporateinformation.com.
  3. Web site: 2013 Interim Report of China Longyuan Power Group Limited.
  4. Web site: China wind giant Longyuan carries out IPO – reports.