news

on august 29, china longyuan power group co., ltd. (hereinafter referred to as "longyuan power"), a subsidiary of china national energy investment group co., ltd., released its semi-annual report. according to the report, the company achieved operating income of 18.883 billion yuan in the first half of the year, a year-on-year decrease of 4.94%; net profit attributable to the parent company was 3.827 billion yuan, a year-on-year decrease of 22.86%; net profit attributable to the parent company after deducting non-recurring items was 3.746 billion yuan, a year-on-year decrease of 23.48%.

longyuan power is the earliest professional company in china to develop wind power. in the first half of the year, the company added 47 new projects and put them into operation, with a controlling installed capacity of 2.2867 million kilowatts. including 7 wind power projects, with a controlling installed capacity of 595,000 kilowatts; 40 photovoltaic projects, with a controlling installed capacity of 1.6917 million kilowatts, including 7 acquisition projects, with a controlling installed capacity of 495,400 kilowatts. as of the end of the reporting period, the total controlling installed capacity was 37.8804 million kilowatts, including 28.34939 million kilowatts of wind power, 7.65601 million kilowatts of photovoltaic and other renewable energy, and 1.875 million kilowatts of thermal power.

from january to june, longyuan power's cumulative power generation was 40,081,845,000 kwh, a year-on-year increase of 0.84%, of which photovoltaic and other renewable energy power generation was 358,930,600 kwh, a year-on-year increase of 122.87%. it should be noted that due to the decline in wind resource levels, wind power generation was 31,584,604,000 kwh, a year-on-year decrease of 4.60%, and the average utilization hours of wind power were 1,170 hours, a decrease of 101 hours compared with the same period in 2023. affected by the rapid growth of new energy installed capacity in jiangsu province, thermal power generation space and distribution channels were squeezed, and thermal power generation was 490,793,500 kwh, a year-on-year decrease of 2.39%.

in the first half of the year, longyuan power's average on-grid electricity price was 423 yuan/mwh (excluding vat), a decrease of 34 yuan/mwh compared with the same period in 2023. specifically, except for the average on-grid electricity price of thermal power, which was the same as the previous year, the electricity prices of other sectors all declined. among them, the average on-grid electricity price of wind power was 441 yuan/mwh (excluding vat), a year-on-year decrease of 28 yuan/mwh, mainly due to the expansion of the scale of wind power market transactions, the increase in parity projects and related structural factors. the average on-grid electricity price of photovoltaic power was 283 yuan/mwh (excluding vat), a year-on-year decrease of 31 yuan/mwh, mainly because all newly commissioned projects were parity projects, which lowered the average electricity price of photovoltaic power generation business.

it is worth mentioning that longyuan power continues to make efforts to develop green and low-carbon. in the first half of the year, the company signed new development agreements for 7.59 gw, including 3.955 gw of wind power and 3.635 gw of photovoltaic power; and obtained development indicators of 6.09 gw, an increase of 51.87% over the same period last year, including 2.81 gw of wind power and 3.28 gw of photovoltaic power. looking forward to the second half of the year, the company said that it will make every effort to obtain offshore project indicators, grasp the acquisition of onshore resources, optimize the design plans of wind and solar hydrogen and ammonia, carbon neutrality, hydrogen production, hydrogen ammonia and alcohol storage projects, promote high-quality source-grid-load-storage projects, explore the use of energy storage to promote consumption, and expand the share of green electricity and green certificate transactions.

author | yi yuntong