China General Nuclear Power Corp.'s (CGN) total installed domestic capacity of new energy is set to reach 24 million kilowatts by the end of this year, up from 20.54 million kW at the end of May.
The company's total domestic new energy assets are now at $27.74 billion, with net assets reaching 58.8 billion yuan.
It intends to invest around 40 billion yuan in new energy-related procurements this year.
CGN intends to develop an annual 3 million kW of newly-added installed capacity in the next five years, and a total installed new energy capacity exceeding 40 million kW by 2025.
CGN has actively promoted clean energy development in the past few years, expanding its clean energy business overseas since 2010.
The company's clean energy business has covered 28 countries as of last year, pushing its on-grid power capacity to 261.6 billion kW, with a carbon dioxide reduction equivalent of over 210 million tons.
CGN has 59 new energy projects being constructed in China, including eight offshore wind projects with an installed capacity of over 7.05 million kW.


Coty Revenue Beats Estimates as Beauty Demand Holds Firm
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback
BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside
Samsung Eyes $72 Billion Shareholder Return Plan as AI Chip Boom Fuels Profits
Standard Chartered Expands Hedge Fund Access for Wealth Clients
SK Hynix Shares Surge on Record $28.6 Billion Buyback
Goldman Sachs Names 9 Top Japanese Semiconductor and Electronics Stocks
Nordson Stock Rises as Q3 Earnings Beat Estimates, Outlook Raised
CK Hutchison Seeks $1.5 Billion From Panama Over Canal Ports
Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3
Alphabet Eyes First Australian Dollar Bond as AI Spending Drives Funding Push
Moody’s Affirms NVIDIA Aa1 Rating as AI Data Center Guarantees Reach $105 Billion
Google to Buy Spirit Airlines Business Data for $10 Million to Train AI
Moderna Short Sellers Hit With $4.8 Billion Loss as Stock Soars
SEC Sues Former Tricolor Executives Over $1.9 Billion Investor Fraud Scheme
Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate
REPAY Stock Rises After Visa Platform Connect Collaboration 



