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BUSINESS & TECH

Project Ban in Six Regions Saps Wind-Power Shares

By Yang Ge and Shen Yuyun
Windmills for generating electricity are seen in the Inner Mongolia autonomous region in August 2015. China's National Energy Administration has suspended any new wind-power projects in six provincial-level governments, saying they had too many wind farms unconnected to the national grid. Photo: Visual China
Windmills for generating electricity are seen in the Inner Mongolia autonomous region in August 2015. China's National Energy Administration has suspended any new wind-power projects in six provincial-level governments, saying they had too many wind farms unconnected to the national grid. Photo: Visual China

(Beijing) — Shares of wind-power equipment makers sagged on Friday after Beijing said it will suspend all approval for new projects in six provincial-level regions due to poor planning of previous wind farms there.

Dongfang Electric Corp. Ltd. shares led the downward movement, shedding 3.4% in Hong Kong, followed by a 1.8% decline for Shanghai-traded Sinovel Wind Group Co. Ltd. Xinjiang Goldwind Science & Technology Co. Ltd. was unchanged, while Longyuan Power Group Corp. Ltd. was the lone gainer in the group, up by a slight 0.3%.

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