China's solar, wind power stocks surge as Beijing promotes green energy

Xinyi Solar Holdings

10/01/2019 02:40

** Shares in China's solar and wind power firms soar as
Beijing plans to launch pilot projects that help promote the use
green energy
    ** Xinyi Solar  0968.HK , solar panel components maker Longi
Green Energy Technology  601012.SS , solar cell maker Tongwei
 600438.SS  and Sungrow Power Supply  300274.SZ  jump in the
range of 6.3-7.4 pct 
    ** Dual-listed wind-turbine maker Xinjiang Goldwind Science
& Technology  002202.SZ   2208.HK  up ~2.6 pct and ~4.6 pct in
Shenzhen and Hong Kong, respectively
    ** China plans to launch pilot solar and wind projects that
will not be subsidised by the government, the top state planner
said on Wednesday, as the country seeks to cut its bill for
promoting the use green energy  urn:newsml:reuters.com:*:nL3N1Z938G 
    ** Nine smaller players in the solar and wind power industry
chain surge by their 10 pct daily limit, including Zhejiang
Sunflower Light Energy  300111.SZ , Henan Yicheng New Energy
 300080.SZ , SPIC Dongfang New Energy  000958.SZ  and Ningxia
Jiaze Renewable  601619.SS  
    ** The new projects will generate renewable power for sale
at the same prices as non-subsidised coal-fired power plants,
and will not have to comply with capacity quota restrictions

 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))