On August 17, 2022, China Resources Power announced its 2022 interim results. The net profit contribution (excluding non-cash exchange gains and losses) of the renewable energy business in the first half of 2022 was HK$5.280 billion (HK$4.989 billion in the first half of 2021).

Installed capacity

On June 30, the Group's operating installed capacity was 64,610 MW, and its operating equity installed capacity was 50,018 MW. Among them, the operating equity installed capacity of thermal power was 33,716 MW, accounting for 67.4%; the total operating equity installed capacity of wind power, photovoltaic and hydropower reached 16,302 MW, accounting for 32.6%, an increase of 0.4 percentage points from the end of 2021.

At the end of June, the Group's wind power operating equity installed capacity was 15,165 MW, and the equity installed capacity under construction was 2,294 MW; the photovoltaic operating equity installed capacity was 858 MW, and the equity installed capacity under construction was 2,607 MW; the hydropower operating equity installed capacity was 2,607 MW. The capacity is 280 MW.

The attributable installed capacity of newly commissioned wind and photovoltaic projects in the first half of 2022 was 828 MW and 33 MW, respectively.

In the first half of 2022, about 3,050 MW of wind power projects and 8,840 MW of photovoltaic projects were newly approved or filed, with a total of about 11,890 MW.

Renewable energy in the future

The Group will continue to make every effort to accelerate the development and construction of wind power and photovoltaic projects. During the 14th Five-Year Plan period, the Group's goal is to add 40 million kilowatts of renewable energy installed capacity. It is estimated that by the end of the 14th Five-Year Plan (ie the end of 2025), the installed capacity of renewable energy will account for more than 50%. To this end, further optimize the organizational structure, give full play to the enthusiasm of employees and managers, and develop new wind power and photovoltaic projects in the domestic target market. Editor / Xu Shengpeng