CHINA LONGYUAN(001289) 证券时报网·2024-12-31 07:41Core Viewpoint - The announcement of the selection notice for the Fuding B-1 offshore wind power project marks a significant development for Longyuan Power, a subsidiary of the State Energy Group, which has secured the development rights for a 700 MW capacity project in collaboration with the Fujian branch of the State Energy Group [1][2]. Group 1: Project Details - The Fuding B-1 project is located in the eastern sea area of Shacheng Port, Ningde City, Fujian Province, and is characterized by excellent wind resources and favorable construction conditions, with a planned installed capacity of 700 MW [2]. - Offshore wind power has a higher energy efficiency compared to onshore wind farms, with annual generation potentially exceeding 20% to 40% more due to better wind conditions [2]. - The project is expected to deliver 2.44 billion kWh of clean electricity annually, equivalent to saving 734,200 tons of standard coal and reducing emissions of CO2 by approximately 1.9985 million tons, SO2 by about 1,874.3 tons, and NOx by around 3,042.8 tons [4]. Group 2: Company Growth and Strategy - Longyuan Power has significantly expanded its renewable energy portfolio, acquiring a total of 59.5 GW of new renewable energy indicators from 2021 to 2023, covering wind, solar, and hydrogen energy [3]. - As of the end of Q3 2024, Longyuan Power's total installed capacity reached 37.01 million kW, with wind power accounting for 28.38 million kW and solar and other renewable sources reaching 7.97 million kW [3]. - The company is actively investing in cutting-edge technologies such as hydrogen and energy storage, promoting projects that align with rural revitalization and sustainable development [3]. Group 3: Industry Position - Longyuan Power is recognized as one of the earliest specialized companies in wind power development in China, maintaining a leading position in global wind power installed capacity since 2015, with projects across 31 provinces and cities in the country [5]. - The company has consistently optimized its wind power development strategy, focusing on both domestic and international markets, as well as self-construction and acquisitions to enhance its operational scale and efficiency [5].