SINGAPORE (Dec 15): RHB has kept its “buy” call on Ezion Holdings following the company’s deal to work with a Chinese state-owned enterprise to support its wind power installation projects.

“This opens up another avenue of growth for the company, whose assets and management skills are well-suited for wind-farm installation projects,” states RHB in a Tuesday note.

Under China’s 12th Five Year Plan, the government has set a target of having non-fossil fuel account for 11.4% of total energy consumption. The country is targeting 5GW of installed offshore wind capacity by 2015 and 30GW by 2020.

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