Datang Renewable's profit rises in 2016

Solar modules in China. Featured Image: zhu difeng/Shutterstock.com

March 20 (Renewables Now) - China Datang Corp Renewable Power Co Ltd (HKG:1798), which operates 8.35 GW of wind farms, on Friday reported a net profit of CNY 198.2 million (USD 28.7m/EUR 26.7m) for 2016.

The company has 8,497.92 MW of power capacity, including 8,345.5 MW of wind and 147.5 MW of solar. Performance details are available in the table.

(in CNY million, unless specified) 2016 2015
Net profit to owners of the parent 198.2 13.7
Operating profit 2,114.8 2,084.5
Revenue 5,786.1 5,588.3
Total generation (in GWh) 12,297 10,761

Last year, Datang Renewable secured CNY 175.99 million in government grants, up from CNY 104.56 million in 2015, mainly due to growth in value-added tax refunds.

(CNY 10 = USD 1.45/EUR 1.35)

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for seven years now. She's got a soft spot for emerging markets.

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