CGN New Energy's Power Output Drops 1.7% in July

MT Newswires Live
Aug 12

CGN New Energy Holdings (HKG:1811) generated 1,731.3 gigawatt-hours of electricity in July, down 1.7% from a year earlier, according to a Tuesday Hong Kong bourse filing.

Mainland solar projects surged 60.3% year on year, gas-fired output rose 51.6%, and hydro generation increased 12.5%. Wind output in mainland China fell 8.1%, while Korean projects dropped 15.5%.

In the seven months ended July, solar generation in mainland China rose 19.7% and wind output gained 2.2%. Hydro declined 19.9%, gas-fired generation increased 4.8%, and Korean projects fell 10.3% from a year earlier.

Shares of the company were up nearly 1% in recent trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10