Long Yuan Wind Power now the land has been very stable, annual growth of 2 million kilowatts of installed capacity. “Land-based wind power project’s internal rate of return remained at 12%, want offshore wind power project rate of return consistent with this.” Jianan Song told reporters. But he did not disclose the Longyuan offshore wind power bid price.

Jianan Song introduced the first round of offshore wind power in China in the Jiangsu coastal areas have been chosen, the project consists of two inter-tidal projects, as well as two offshore projects, the scale of the inter-tidal project is 20 million kilowatts, various offshore projects to 30 million kilowatts.

He also said that after the listing last year Long Yuan Electric Power, funds are enough, “development is still focused on domestic, but also open up overseas markets, overseas investment projects focuses not buy.” He said, Long Yuan Electric Power in the United States , Eastern Europe, South Africa and other places are investment intentions. Among them, South Africa, the fastest progress of the project, has entered the wind phase, the local share of the wind resource, that storage capacity of about 160 million kilowatts, the South African government to give some price incentives.

Jianan Song expects third quarter and the South African independent power producers signed power purchase agreement (PPA), the project is expected to build to complete before the end of next year.

Long Yuan Electric Power is the largest wind power companies, ranked first in Asia, the world fifth. December 2009 listing in Hong Kong, raising total funds of about 17.5 billion Hong Kong dollars per share issue price of 8.16 Hong Kong dollars. Data show that, as of the end of 2008, Long Yuan 2.924 million kilowatts of wind power installed capacity, accounting for 24% of the total.

May 11, Long Yuan Electric Power opened newspaper 8.020 Hong Kong dollars, to close at 7.73 Hong Kong dollars, or 3.01%.

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