Caixin OnlineBusiness & IndustryTop Stories Industry Wasted Electricity 'Cost Wind Power Firms 5 Bln Yuan Last Year'
09.20.2012 17:08

Wasted Electricity 'Cost Wind Power Firms 5 Bln Yuan Last Year'

Companies were connected to grids but restrictions kept them from generating as much as they could have, report says
By staff reporter Yang Qiubo

(Beijing) – China's wind power firms lost more than 5 billion yuan last year because restrictions from state-owned companies limited the amount of electricity they could produce, a September 18 report said.

The figure represented half of the sector's profit, a report by the NGO Greenpeace, the government-affiliated China Association of Resource Comprehensive Utilization (CARCU) and the Global Wind Energy Council said.

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