China Construction Fifth Bureau, China Resources Power Form Runzhi New Energy Joint Venture
Runzhi New Energy (Baoying) Co. , Ltd. has been recently established, with Guo Jianqiang serving as its legal representative. The company's registered business scope includes power generation, electricity transmission, and power supply (distribution) services, as well as wind power technical services, biomass energy technical services, and energy storage technical services.
Equity data shows the company is jointly held by China Construction Fifth Engineering Bureau Co. , a wholly-owned subsidiary of China State Construction, and China Resources Power New Energy Investment Co.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is neutral for Wind & Solar Power, with intensity 20/100 and 40% confidence over a long term horizon.
Wind & Solar Power
- Direction
- neutral
- Intensity
- 20
- Confidence
- 40%
- Horizon
- Long term
Batteries & Energy Storage
- Direction
- neutral
- Intensity
- 20
- Confidence
- 40%
- Horizon
- Long term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.