大摩:維持港燈(2638.HK)增持評級 目標價8.6港元
港燈(2638.HK)日前公佈了在南丫島西南水域興建離岸風力發電場的計劃。摩根士丹利發表研報指,香港目標在2050年實現碳中和,少於4%的可再生能源遠遠不夠。根據目前計劃,風力發電場選址靠近中國水域,認為港燈未來或考慮在鄰近香港水域的中國水域興建額外的風力發電場,及經海底電纜從廣東進口核電力到香港。所有選項均需要更多資本開支,從而帶動未來集團的盈利增長。該行維持港燈“增持”評級,目標價8.6港元。
港燈估計,風車成本由10年前的每瓦20港元降至現時的10港元,報吿指,相關成本更低於內地。參考三峽海上風力發電場的總投資成本為每瓦14元人民幣,考慮到香港的工程規模較小,預料計劃成本將介乎30億-40億元。

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