China Wind net profits up 99%

China Wind Power registered a net profit of US$13.79 million for the six months ending 30 September.

CWP's turnover increased 52 percent from the corresponding period last year to US$44.48 million. Its consolidated net asset value is US$411.4 million.
The Group stepped up effort in developing the wind power business during the review period.

During the review period, the Group had three wind power plants with a total capacity of 148.5MW that had commenced operation, and nine plants with a total capacity of 596MW under construction. Preparation for another 4 plants with a total capacity of 198MW was also underway.

The total wind power resources of the Group reached 9,260MW at the end of the review.

Building on its vertically-integrated business model, the Group achieved fast growth in areas including wind power resources, wind power plants investment, project design and consultancy, engineering and construction of wind power projects, wind power tower and equipment manufacturing and operation and maintenance of power plants.