CHINA LONGYUAN(HK:00916) Chang Jiang Ri Bao·2025-10-11 07:18Core Insights - The first batch of wind turbines for the Palmera Wind Power Project in Brazil was connected to the grid on May 10, 2023, marking a significant milestone for the project [1] - The project, located in Paraíba state, is the largest overseas greenfield wind power project by the China Three Gorges Corporation (CTG) [1][5] - Upon completion, the project is expected to generate an average of 2.554 billion kilowatt-hours of clean energy annually, equivalent to saving approximately 779,000 tons of standard coal and reducing carbon dioxide emissions by about 2.125 million tons [5] Project Details - The Palmera Wind Power Project has a total installed capacity of 648 megawatts, consisting of 108 units of 6 megawatt turbines, along with a 500 kV booster station and 75 kilometers of transmission lines [1] - Construction began on October 31, 2023, with the first turbine foundation completed by April 21, 2024 [1] Company Strategy - CTG has been focusing on the Latin American market, establishing subsidiaries such as CTG Brazil and CTG Latin America to manage clean energy investments and operations in Brazil and other key Latin American countries [5][10] - The company has successfully developed multiple high-quality clean energy projects in Brazil, including hydroelectric and photovoltaic projects, demonstrating its commitment to the region [10] Market Potential - Latin America possesses abundant renewable energy resources, including solar, wind, and hydropower, providing a solid foundation for CTG's expansion in the region [11]