Longyuan's wind power generation jumps 25% to 1.99b kWh

Thanks to curtailment falling from 22% to 7.7%.

Longyuan's wind power generation in September increased by 25% YoY to 1.99bn kWh. Jefferies reported that the largest contribution to the 401mn kWh increase was by Jiangsu (+119mn kWh), Heilongjiang (+79mn kWh), Anhui (+65mn kWh) and Guizhou (+49mn kWh).

According to the company, the improvement in wind power generation was driven by curtailment falling from 22% to 7.7%, potentially benefiting from the rollout of
the minimum utilization hour policy.

Here's more from Jefferies:

We did see YoY increases in wind power generation in provinces such as Heilongjiang (+65% YoY) and Gansu (+18.7% YoY) and other provinces which have struggled with curtailment showed signs of stabilizing. Notably, Inner Mongolia (-21% YoY) and Jilin (-16% YoY) wind power generation fell in September.

Wind power utilization hours have seen an improvement in July and August (September data is not yet available) and the overcapacity in the power industry may be peaking as new thermal additions have slowed to 601MW in August.

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