China Tells

China government has a national mandate to bring down the carbon emission and improve the energy efficiency (See Article from Chinatells). Therefore green energy projects are a welcome concept in the community of investment (See Article from Economist). Longyuan Power, China’s biggest wind power producer, got subscribed over eight times on the IPO in Hong Kong. Longyuan Power enjoys a great deal from government support to secure the electricity price, and also they are a beneficiary of the current carbon credit trading system. However, it is very expensive to build wind power stations and the company’s cash flow is expected to be negative for the next 3 years. Whether such project can take off still remains to be seen.

中国政府在二氧化碳减排方面做出承诺并且积极支持发展绿色能源。龙源风力发电厂就是其中一个重要项目。日前龙源发电在香港上市受到投资者追捧。不过前路漫漫，最终该公司前景如何目前尚不明朗。