Huaneng Renewables (0958.HK, Buy) announced its February power generationdata.
The conclusions.
- Above expectation: For wind power, the 43% yoy growth in January-Februarygeneration was above our expectation.
- Lower wind resources:We estimate that wind resources available to HuanengRenewables fell by 5% yoy in February based on its geographic exposure andreported regional wind speed.
The following charts put recent data points in context.
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