The
company
says
the
decline
in
profits
compared
with
the
previous
year
is
mainly
due
to
the
decrease
in
gains
from
disposal
of
stakes
in
wind
projects,
and
the
lower
income
from
electricity
output.
Output
has
been
hit
by
worsening
grid
curtailment
in
northern
China,
reducing
profits
at
many
of
China’s
biggest
wind
developers
this
year.
China’s
sixth-largest
wind
developer,
China
WindPower
reported
a
90%
drop
in
first
half
profits,
partly
as
a
result
of
grid
curtailment
at
an
average
rate
of
36%,
according
to
its
interim
report.
It
was
also
impacted…
