CGN New Energy: June Power Output Falls 5.1% Y/Y, Solar Surges 33.5%, Wind Slumps 17.1%

Bulletin Express
Jul 13

CGN New Energy (01811) reported consolidated electricity generation of 1,331.5 GWh in June 2026, a 5.1% year-on-year decline. Output for the first half of 2026 totalled 9,307.3 GWh, down 2.2% versus the same period in 2025.

PRC wind farms remained the largest contributor but generated 588.8 GWh in June, sliding 17.1% amid materially weaker wind conditions. Six-month wind output fell 17.9% to 4,523.6 GWh.

Solar assets offset part of the shortfall: bolstered by capacity additions, PRC solar generation jumped 33.5% to 313.6 GWh in June and rose 35.3% to 1,562.6 GWh for the half-year.

PRC gas-fired projects delivered modest growth, up 6.3% year-on-year to 11.9 GWh in June and 3.7% higher at 22.3 GWh for the six-month period.

Hydro output in Guangxi weakened; June generation declined 10.5% to 20.4 GWh. Nevertheless, favourable water inflows earlier in the year lifted first-half hydro production by 12.3% to 94.3 GWh.

Operations in Korea produced 396.8 GWh in June, down 6.5% annually, but still achieved a 12.8% increase to 3,104.5 GWh for the first six months of 2026.

Management notes that all figures are preliminary, based on internal data, and unaudited. Investors are advised to exercise caution when dealing in the company’s securities.

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