China's biggest producer of wind power, China Longyuan power, is in essence a staid regulated utility.

中国龙源电力，作为中国最大的风力发电生产商，原本是一个刻板而规范的企业。

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By reducing the need for coal-fired power plants, China Longyuan also earns carbon credits under the Kyoto protocol on global warming. Selling these is lucrative.

根据应对全球变暖的京都议定书，通过减少对燃煤火电厂需求，中国龙源也可以获取二氧化碳配额，而销售这些配额会带来丰厚的利润。

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China Longyuan produces a quarter of China's wind power.

中国龙源的发电量占到中国风力发电量的四分之一。

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On the plus side, the fund is invested in the Chinese market via shares in the China Longyuan Power Group and the China Ming Yang Wind Power Group (MY).

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By reducing the need for coal-fired power plants, China Longyuan also earns carbon credits under the Kyoto protocol on global warming.

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The government obliges distributors to buy all wind power at preferential tariffs, taking much of the risk out of China Longyuan's business.

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