China Huaneng Group
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