China Longyuan Power Group Corp Ltd - Company Profile
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China Longyuan Power Group Corporation Ltd (CLPGC) is a power generation company with focus on new energy. It focuses mainly on wind power and involved in other power projects such as thermal, solar, tidal, biomass and geothermal. Business performance of wind power segment, focus on technological innovation and power generation capacity strengthened the company’s business but customer concentration and increase in debt is a cause for concern. Nevertheless, renewable initiatives in China, solar photovoltaics market and growth initiatives could present ample growth opportunities to CLPGC. However, climatic conditions, grid curtailment and fluctuations in oil and gas prices are likely to affect the company’s operations.
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