SDIC Power's Yalong River Hydropower and Kangding Natural Energy Form Joint Venture with 50 million yuan
On July 28, Yalong River (Kangding) Energy Technology Co. , Ltd. was established, with Wang Lin as the legal representative and a registered capital of RMB 50 million. The company's business scope includes power generation, transmission, and distribution services, wind power technology services, energy storage technology services, and research and development of new energy technologies. The equity structure shows that the company is jointly held by Yalong River Basin Hydropower Development Co. , a subsidiary of SDIC Power, and Kangding City Natural Energy 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 20/100 and 80% confidence over a medium term horizon.
Wind & Solar Power
- Direction
- positive
- Intensity
- 20
- Confidence
- 80%
- Horizon
- Medium term
Batteries & Energy Storage
- Direction
- positive
- Intensity
- 20
- Confidence
- 80%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.