Datang Renewables Estimates Loss as Wind Resources WorsenBloomberg News
China Datang Corp. Renewable Power Co., a wind project developer, said it may report a loss in the first half because it was less windy in most regions.
The company’s total electricity generation declined as a result, the Beijing-based company said today in a regulatory filing in Hong Kong. The company posted 286 million yuan ($46 million) of profit in the first six months of 2013, it said.
Datang Renewables said July 15 that wind power generation declined 9 percent from a year ago to 5.05 million megawatt-hours as at the end of June.
— With assistance by Feifei Shen