Longyuan Power Group Corporation Limited (Longyuan Power), a subsidiary of CHN Energy, recently held its 2024 annual performance briefing and sustainability report launch in Beijing. The report highlights the company’s achievements in renewable energy development and technological innovation over the past year.
As of the end of 2024, Longyuan Power’s installed capacity under control reached 41,143.2 megawatts (MW), all of which is renewable energy. This includes 30,408.77 MW of wind power and 10,698.33 MW of photovoltaic (PV) power.
In 2024, the company generated 68.383 billion kilowatt-hours (kWh) of renewable electricity, representing a year-on-year growth of 3.76%. Its total annual operating revenue was RMB 37.07 billion($5.19 billion), with a net profit attributable to shareholders of RMB 6.345 billion($890 million). The company added 7,480.66 MW of new renewable installed capacity during the year, comprising 2,654.38 MW of wind power and 4826.28 MW of PV power.
In terms of technological innovation, Longyuan Power achieved multiple breakthroughs. These include the world's first floating wind-fishery integrated technology and the successful maiden voyage of China’s first fully domestically developed offshore wind testing platform, “Guo Neng Hai Ce No.1”. Five scientific and technological achievements reached internationally advanced standards. Meanwhile, the company actively expanded its presence in overseas markets, pushing forward preliminary work on key projects, including a fishery-solar complementary project in Brunei and a PV project in Indonesia.
In 2024, the company completed 6.701 billion kWh of green power transactions, marking a year-on-year increase of 288.84%. It also traded 10.2354 million green certificates, up 140.83% from the previous year. Renewable energy accounted for 90.52% of total power generation, equivalent to reducing carbon dioxide emissions by approximately 57 million tons.
