国信风场运营行业 专题报告.pdf

November 30, 2011 Sector Report Wind-farm Sector Profit of Wind-farm is Expected to increase BUY Investment Highlights ：  During “12th Five-year ”, wind energy is the key Power Renewable Energy alternative. The state plans to save 6.7 hundred million t of th Analyst ：Vivian Fu standard coal during the period of 12 five-year. So far, the SFC CE No.:AYC292 wind-powered industries have been formed large scale. It is 00852 believed that wind energy will be the most important Vivian.fu@.hk alternative energy. Related Reports ：  The turnover of wind-farm operator is expected to increase. 《China Ruifeng ：Natural Gas Platform The electricity is demanding while the cost of electricity of Petro China》 generation by wind-farm is declining. All these will push up October 3, 2011 the turnover of wind-farm operators.  The Subsidy policy still exists. The central government back