China Diversified Utilities_ High Power Demand in Sept; We like Pinggao, Sieyuan & Goldwind

V i e w p o i n t | 28 Oct 2024 12:00:28 ET │ 16 pages China Diversified Utilities High Power Demand in Sept; We like Pinggao, Sieyuan & Goldwind CITI'S TAKE PRC power demand rose 8.5% yoy to 847.5M MWh in September, accelerating from +7.9% yoy in 8M24, with high increments from residential sector (+27.8% yoy) and servicing industries (+12.7% yoy). Since 2021, PRC power demand growth has been high at 1.4-1.6x of PRC GDP growth (except in 2022 due to COVID) with greater demand from AI, data centers, electric ...