Top 10 Biggest Renewable Energy Companies in China
China is a global leader in renewable energy, and many companies in the country are heavily involved in the development and deployment of renewable energy ... read more...technologies. Here is a list of the top 10 biggest renewable energy companies in China.
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China Energy Investment Corporation (China Energy) was formally founded on November 28, 2017, with the permission of the CPC Central Committee and the State Council, following the merger of China Guodian Corporation and Shenhua Group. It is a key state-owned energy enterprise (SOE) directly administered by the central government, pioneering in the restructuring of SOEs, reform of state-owned capital investment, efforts to build a world-class energy company, and reform of SOE corporate governance.
The corporation offers products and services from a variety of industries, including coal, electric power, transportation, and the chemical industry. China Energy is the world's largest coal mining, thermal power, wind power, and coal-to-liquids firm, with activities in 31 provinces, autonomous areas, and municipalities across China, as well as more than ten countries and regions, including the United States and Canada. It received an A in the 2021 business performance assessment for central enterprise executives and an A in the 2019–2021 term assessment. It was 85th on the Fortune Global 500 list in 2022, up 16 places from the previous year.
In 2021, China Energy had an asset value of 1.9 trillion yuan, revenues of 690.8 billion yuan, a net profit of 61.8 billion yuan, and a coal output of 570 million tons. With an installed power capacity of 271 million kilowatts, the company generated 1.1032 trillion kWh of electricity and supplied 464 million GJ of heat. It had an installed thermal capacity of 194 GW, an installed hydropower capacity of 18,690 MW, an installed wind power capacity of 49,990 MW, and an installed renewable energy capacity of 58,590 MW.
China Energy has resolutely implemented the guiding principles of the important speech made by President Xi Jinping during a visit to the company’s chemical arm in Yulin, as well as the policies and deployments of the CPC Central Committee and the State Council. It has made unremitting efforts to promote stability on six key fronts, maintain security in six key areas, fulfill its political and social responsibility of ensuring energy supply and security, and give full play to the advantages of its integrated industrial chains of coal, electricity, chemicals, and transportation. It aims to serve as a “stabilizer” and “ballast stone” for energy supply, help promote high-quality development, and make greater contributions to keeping overall economic performance stable and maintaining social stability.
Founded: 2017
Address: 22 West Binhe Road Andingmen Dongcheng District Beijing, 100011 China
Market cap: $226.7 billion
Revenue in 2021 (TTM): $226.7 billion
Website: https://www.ceic.com/gjnyjtwwEn/ -
Longi Green Energy Technology Co., Ltd. (Longi) is a Chinese company that specializes in the research, development, manufacturing, and sales of monocrystalline silicon wafers, modules, and solar power systems. Founded in 2000 and headquartered in Xi'an, China, Longi has become one of the world's largest manufacturers of monocrystalline silicon wafers and a leading supplier of high-efficiency solar products. The company has established a global presence, with operations in more than 50 countries and regions worldwide.
Longi's monocrystalline silicon wafer products have achieved record-breaking levels of efficiency, with a conversion rate of over 24%. The company's solar modules have also achieved high levels of efficiency, with some products reaching up to 22.5%. In recent years, Longi has been expanding its business to cover the entire solar power value chain, from research and development to manufacturing and construction.
The company has invested heavily in research and development and has established several research centers and innovation platforms to drive technological advancements in the solar energy industry. Overall, Longi is one of the key players in China's renewable energy industry and has been significantly contributing to the country's efforts to transition towards a low-carbon economy.
Founded: 2000
Address: No. 1 Nanasanxiang, Sanlihe, Xicheng district, Beijing, P.R. China
Market cap: $45.12 Billion
Revenue in 2022 (TTM): $16.70 B
Website: https://www.longi.com/en/
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China Three Gorges Corporation (CTG) is a state-owned power company in China that specializes in the development and operation of clean energy projects, including hydroelectric power, wind power, and solar power. CTG was founded in 1993 and is headquartered in Yichang, Hubei Province. The company's flagship project is the Three Gorges Dam, which is the world's largest hydroelectric power plant with a total installed capacity of over 22 GW.
In recent years, CTG has been actively expanding its clean energy portfolio and has become one of the largest renewable energy companies in the world. As of 2021, the company had a total installed capacity of over 150 GW, including over 40 GW of wind power and over 10 GW of solar power. CTG has also been exploring new technologies, such as offshore wind power and energy storage systems, to further enhance the efficiency and reliability of its clean energy projects.
In addition to its domestic operations, CTG has also been expanding globally in recent years, with investments in clean energy projects in countries such as Brazil, Portugal, and Pakistan. Overall, CTG is one of the key players in China's renewable energy industry and has been significantly contributing to the country's efforts to transition towards a low-carbon economy.
Founded: 1993
Address: No.1 Yuyuantan South Road, Haidian District, Beijing, China
Market cap: $31.2 billion
Revenue in 2021(TTM): $40.4 billion
Website: https://www.ctg.com.cn/en/
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State Power Investment Corporation (SPIC), newly established through the merger of China Power Investment Corporation and State Nuclear Power Technology Corporation in June 2015, is a large state-owned enterprise with a registered capital of RMB 45 billion (USD 7 billion) and total assets of RMB 722.3 billion (USD 112 billion). As the only integrated energy group in China that holds assets of nuclear power, thermal power, hydropower, and new energies simultaneously, SPIC establishes itself in such industries as power, coal, aluminum, logistics, finance, environmental protection, and high-tech industries.
By the end of August 2015, SPIC achieved a total installed capacity of 100.44 GW, 39.59% of which were clean energies, a coal production capacity of 80.4 million tons per year (t/y), an aluminum smelting capacity of 2.72 million t/y, and a railway transportation line of 504 km. SPIC has its presence in 35 countries (regions), such as Japan, Turkey, Pakistan, Brazil, and Guinea, with business covering power project investment, technical cooperation, EPC and O&M projects, etc. SPIC has about 140,000 employees and holds seven listed companies, two of which are red chip companies traded in Hong Kong while the other five offer A-shares in mainland China.
Founded: 2002
Address: Building 1 Yard 29 Beisanhuan Middle Road Xicheng Beijing, 100029 China
Market cap: $22.4 Billion
Revenue in 2020(TTM): $50.1 billion
Website: spic.com.cn -
China Guodian Corporation, also known as China Energy Group, is a state-owned energy company in China that operates in various segments of the energy industry, including thermal power, hydropower, wind power, and solar power. China Guodian Corporation was founded in 2002 and has since become one of the largest power generation companies in China, with operations in over 30 provinces and regions across the country. In recent years, the company has been shifting its focus towards clean energy and actively investing in renewable energy projects.
As of 2021, China Guodian Corporation had a total installed capacity of over 145 GW, including over 35 GW of wind power and over 10 GW of solar power. The company has also been actively exploring new technologies, such as offshore wind power and energy storage systems, to further expand its clean energy portfolio. In addition to its domestic operations, China Guodian Corporation has also been expanding globally in recent years, with investments in clean energy projects in countries such as Australia, Germany, and the United Kingdom.
Overall, China Guodian Corporation is one of the key players in China's energy industry, and its efforts to shift towards clean energy have significantly contributed to the country's goal of reducing carbon emissions and transitioning towards a low-carbon economy.
Founded: 2002
Address: 6-8 Fuchengmen Bei Street, Xicheng District, Beijing 100034, China
Market cap: $18.1 billion
Revenue in 2020(TTM): $69.1 billion
Website: http://www.cccme.cn/shop/cccme6990/index.aspx
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China Huaneng Group Corporation Limited, commonly known as Huaneng Group, is one of the largest renewable energy companies in China and operates in various segments of the energy industry, including thermal power, hydropower, wind power, and solar power. Huaneng Group was founded in 1985 and has since become one of the largest power generation companies in China, with operations in over 20 provinces and regions across the country. The company has been actively investing in renewable energy projects in recent years and has set a goal to achieve a total installed capacity of 120 GW of clean energy by 2030.
As of 2021, Huaneng Group had a total installed capacity of over 180 GW, including over 50 GW of wind power and over 14 GW of solar power. The company has also been exploring new technologies, such as energy storage systems and hydrogen energy, to further enhance the efficiency and reliability of its clean energy projects. In addition to its domestic operations, Huaneng Group has also been expanding globally in recent years, with investments in clean energy projects in countries such as Singapore, Malaysia, and Pakistan.
Overall, Huaneng Group is one of the key players in China's energy industry, and its efforts to shift towards clean energy have significantly contributed to the country's goal of reducing carbon emissions and transitioning towards a low-carbon economy.
Founded: 1994
Address: Huaneng Building No.6 Fuxingmennei Street, Xicheng District, Beijing, China
Market cap: $17.70 Billion
Revenue in 2022(TTM): $36.50 B
Website: https://www.hpi.com.cn/sites/english/pages/default.aspx -
Trina Solar is a Chinese company that specializes in the research, development, manufacturing, and sales of solar modules, cells, and other solar products. Founded in 1997 and headquartered in Changzhou, China, Trina Solar has become one of the world's leading solar module manufacturers.
The company's products are widely used in utility-scale solar projects, commercial and industrial rooftop installations, and residential solar systems. Trina Solar's solar modules have achieved high levels of efficiency and reliability, with some products reaching up to 21.6% efficiency. The company has also developed a range of innovative products, such as bifacial modules and half-cell modules, that offer higher power output and better performance under various weather conditions.
In addition to its solar module business, Trina Solar has also been expanding into other areas of the solar energy value chain, such as project development, financing, and operation. The company has established partnerships with leading players in the industry to provide turnkey solutions for customers and promote the adoption of renewable energy globally. Overall, Trina Solar is one of the key players in China's renewable energy industry and has been significantly contributing to the country's efforts to transition towards a low-carbon economy.
Founded: 1997
Address: 2 Tianhe Road Trina PV Ind Park Xinbei Dist Changzhou, 213031 China
Market cap: $16.46 Billion
Revenue in 2022 (TTM): $10.68 B
Website: https://www.trinasolar.com/us
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China National Nuclear Corporation (CNNC) is one of the biggest renewable energy companies in China. It is a state-owned company in China that specializes in the development and operation of nuclear energy projects as well as other related businesses such as nuclear fuel production and nuclear technology research and development.
CNNC was founded in 1955 and is headquartered in Beijing. The company is responsible for the design, construction, and operation of most of China's nuclear power plants. As of 2021, CNNC has a total installed nuclear power capacity of over 48 GW, which accounts for a significant portion of China's overall electricity generation. In addition to its nuclear energy operations, CNNC has also been actively investing in other clean energy projects such as wind power and solar power. The company has set a goal to achieve a total installed capacity of 10 GW of non-nuclear clean energy by 2025.
CNNC has also been expanding globally in recent years, with investments in nuclear power projects in countries such as Pakistan, Argentina, and the United Kingdom. The company has been promoting the use of nuclear energy as a clean and reliable source of electricity and has been working closely with international organizations to ensure the safety and security of nuclear power plants worldwide. Overall, CNNC is one of the key players in China's energy industry and has been significantly contributing to the country's efforts to transition towards a low-carbon economy.
Founded: 1955
Address: No. 1 Nanasanxiang, Sanlihe, Xicheng district, Beijing, P.R. China
Market cap: $13.1 billion
Revenue in 2021(TTM): $16.9 billion
Website: https://en.cnnc.com.cn/ -
JinkoSolar Holding Co., Ltd. (JinkoSolar) is a Chinese company that specializes in the research, development, manufacturing, and sales of solar modules, cells, and other solar products. Founded in 2006 and headquartered in Shanghai, China, JinkoSolar has become one of the world's largest and most innovative solar module manufacturers. The company's products have been widely used in utility-scale solar projects, commercial and industrial rooftop installations, and residential solar systems.
JinkoSolar's solar modules have achieved high levels of efficiency and reliability, with some products reaching up to 22.49% efficiency. The company has also developed a range of innovative products, such as bifacial modules, half-cell modules, and shingled modules, that offer higher power output and better performance under various weather conditions.
In addition to its solar module business, JinkoSolar has also been expanding into other areas of the solar energy value chain, such as project development, financing, and operation. The company has established partnerships with leading players in the industry to provide turnkey solutions for customers and promote the adoption of renewable energy globally. Overall, JinkoSolar is one of the key players in China's renewable energy industry and has been significantly contributing to the country's efforts to transition towards a low-carbon economy.
Founded: 2006
Address: No. 1 Nanasanxiang, Sanlihe, Xicheng district, Beijing, P.R. China
Market cap: $2.35 billion
Revenue in 2020 (TTM): $5.38 billion
Website: https://www.jinkosolar.com/en/ -
Envision Energy is a global renewable energy company headquartered in Shanghai, China. The company was founded in 2007 and is known for its expertise in wind power, energy storage, and digital energy management systems. Envision Energy has operations in more than 20 countries and is committed to promoting sustainable development and the transition to a low-carbon economy.
Envision Energy is a leading manufacturer of wind turbines and has developed some of the most advanced wind turbine technologies in the world. The company's turbines are designed to be highly efficient and reliable and to operate in a wide range of wind conditions. Envision Energy also provides energy storage solutions, including batteries and software, to enable more efficient and reliable integration of renewable energy into the grid.
In addition to wind power and energy storage, Envision Energy is also involved in solar power, smart grid technologies, and energy management systems. The company has developed a digital energy platform called EnOS, which uses big data analytics and artificial intelligence to optimize energy production and consumption in real-time.
Envision Energy has received numerous awards and recognition for its innovative and sustainable approach to energy. The company is committed to creating a more sustainable and equitable energy future and to reducing carbon emissions and other environmental impacts associated with energy production and use.
Founded: 2007
Address: 22 West Binhe Road Andingmen Dongcheng District Beijing, 100011 China
Market cap: N/a
Revenue: N/a
Website: https://www.envision-group.com/