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China Longyuan Power Group Corp Ltd ADR CLPXY

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Morningstar’s Analysis

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Company Profile

Business Description

Longyuan is China's largest wind-farm operator with installed capacity of 20GW as of the end 2019, representing 9.5% of nationwide wind capacity. It has more than 300 wind farms spread across 28 regions in China, and has also expanded into Canada and South Africa. Longyuan also owns two coal-fired power plants in Jiangsu, and operates other renewable assets such as solar, geothermal, and tidal energy, on a limited scale. The power generation volume mix is about 80% wind, 19% thermal and the remainder in other renewables. China Energy Investment Corporation, which was created through the merger of China Guodian Corporation and China Shenhua Group, is the major shareholder with a controlling stake of 58.44%.

Contact
6-9 Fuchengmen North Street, Block C
Beijing, China, People's Republic of
Sector Utilities
Industry Utilities - Renewable
Most Recent Earnings
Fiscal Year End Dec 31, 2020
Stock Type
Employees 7,768