China power firms expand renewables footprint


This photo taken on February 21, 2024 shows workers inspecting solar panels at a rooftop of a power plant in Fuzhou, in southern China's Fujian province. (Photo by AFP) / China OUT

BEIJING: Chinese power companies are expanding their presence in global green energy projects, with a particular focus on solar and wind power, according to an industry report.

Major Chinese power companies have so far invested in and operated 14 energy grid projects in 11 countries and regions, with the cumulative value of overseas engineering contracts reaching US$376bil and overseas investment at US$106bil, the China Electricity Council said in a report released in Beijing.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

High court approves Capital A's capital reduction, working towards PN17 status uplift
Stocks shaken by geopolitical fears, Japanese bonds bounce after selloff
China completes first phase of 6G technology trials
ACE Market-bound Kee Ming Group to raise RM31.50mil from IPO
Bursa Malaysia continues uptrend at midday, CI stays above 1,700
Gold crosses US$4,800 for the first time as US, EU spar over Greenland
Oil prices fall as risks from Kazakh production halt subside
ACE Market-bound Ambest aims to raise RM27.5mil from IPO
Steel Hawk unit secures contract for fire rated doors in Sabah
Binastra unit accepts RM742.86mil building contract in Johor

Others Also Read