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CGN New Energy Reports Mixed 2024 Results
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CGN New Energy Reports Mixed 2024 Results

CGN New Energy Holdings Co., Ltd. (HK:1811) has released an update.

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CGN New Energy Holdings Co., Ltd. reported a slight increase of 0.7% in power generation for July 2024 compared to the previous year, with significant growth in its PRC wind, solar, cogen and gas-fired, and hydro projects. However, the company experienced an overall decrease of 3.9% in accumulated power generation for the first seven months of 2024, despite strong performance in solar and hydro sectors. These mixed results reflect various factors, including capacity expansions and regional weather conditions affecting energy production.

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