As China is pushing a new round of power system reform, state-owned power generators are accelerating the switch from traditional coal to more economic-friendly solar and other renewable energy.
In the first half of 2020, Huaneng Power International, GD Power and Huadian Power International, which are respectively listed subsidiaries of state-owned Huaneng Group, China Energy Investment Group and Huadian Group, posted notable increases in renewable generation and declines in coal-fired power output, according to their half-year reports.
Specifically, Huaneng Power Int'l posted a 52.6% year-on-year rise in solar generation and 19.6% in wind, while coal-fired power output declined 9.82%.
Since 2018, Huaneng Power Int'l has shifted its strategy focus from traditional fossil fuel to renewable energy. Its generation mix has had a significant change in the following year, when thermal power output declined 6.36%, hydropower slumped 22.19%, while wind and solar increased 11.05% and 21.58%, respectively.
The company has made a great progress in solar development in recent years. It put a total of 1.2 GW solar projects in the pipeline in southwestern province of Guizhou over the first six months in 2020, three of which have a designed capacity of 300 MW each.
Over January-June, China's solar and power generation increased 9.1% and 6.8%, respectively, while coal-fired power generation declined 1.6%.
The country plans to build another 44.45 GW of wind and solar projects this year, a surge of 114.11% compared with the scale in 2019, according to a document issued by the state planner on August 5. By end-June, China's solar, wind capacities totaled 216 GW and 217 GW, respectively.
(Writing by Alex Guo Editing by Tammy Yang)
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