Chinese giant plans green surge
State Power Investment Corp to add 5GW of clean power capacity in 2017
China’s State Power Investment Corp (SPIC) plans to install 5GW of new clean power by the end of the year.
In the first half of 2017, the company’s wind power assets delivered profits of RMB1.2bn (€154m), while solar plants produced profit of almost RMB1.3bn.
Hydro power assets generated profit of RMB546m, SPIC said.
Total output of the company’s assets in the first six months of the year was 193.6 terrawatt hours, representing year-on-year growth of 2.35%, the company said.
Overall, net profit at SPIC was RMB1.348bn in the first half of 2017, it added.