CGN New Energy Sees 1.7% Increase in May 2025 Power Generation Despite Challenges

Reuters

12 Jun

CGN New Energy Sees 1.7% Increase in May 2025 Power Generation Despite Challenges

CGN New Energy Holdings Co. Ltd. released a trading update for May 2025, reporting a consolidated power generation of 1,723.3 GWh, marking a 1.7% increase compared to May 2024. The company's PRC wind projects saw a significant rise in power generation by 14.3%, while PRC solar projects experienced a modest increase of 1.0%. However, the company's PRC cogeneration and gas-fired projects saw a substantial decrease of 93.1%, and PRC hydro projects also fell by 43.8%. In Korea, power generation decreased by 10.1%. For the first five months of 2025, the accumulated power generation reached 8,171.0 GWh, reflecting a decrease of 0.8% compared to the same period in 2024. Despite challenges in some areas, the company noted improvements in others, particularly in wind and solar power generation, highlighting ongoing efforts in these sectors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CGN New Energy Holdings Co. Ltd. published the original content used to generate this news brief on June 12, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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