Huaneng Hydropower and Tongwei Establish Shidian New Energy Joint Venture
Huaneng Hydropower and Tongwei Co. , Ltd. have jointly invested to establish Huaneng Lancang River (Shidian) New Energy Co. The company was incorporated recently, with a business scope covering electrical equipment repair, electric vehicle charging infrastructure operations, emerging energy technology research and development, and wind power technical services.
The shareholding structure shows the company is jointly held by Huaneng Lancang River New Energy Co. , a wholly-owned subsidiary of Huaneng Hydropower, and Tongwei Smart Energy (Sichuan) Co. , a subsidiary of Tongwei Co.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is positive for Wind & Solar Power, with intensity 40/100 and 60% confidence over a medium term horizon.
Wind & Solar Power
- Direction
- positive
- Intensity
- 40
- Confidence
- 60%
- Horizon
- Medium term
Power Equipment
- Direction
- positive
- Intensity
- 30
- Confidence
- 50%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.