At a time when developing renewable and green energy has become a global priority, Chinese power generation company Huaneng Group’s “go global” strategy has been hailed as a “success” story.
Founded in 1989, the company launched multiple power projects in countries including the United Kingdom, Singapore, Australia, Myanmar, Cambodia, and Pakistan, combined with coal-fired power plants, gas-fired power plants, hydropower stations and battery storage stations.
During the last two decades, Huaneng’s total installed capacity of wholly-owned and majority-owned power plants increased more than 10 times, exceeding 200GW by 2021, and total assets rose more than 13-fold to 1.31 trillion yuan ($18.82 trillion).
Guo Jingyu, UK office chief of the China Huaneng Group, ascribed the fast growth of the Chinese economy over the last twenty years to the company’s rapid overseas…
Chinese power company shows way forward with energy storage solutions
