CGN New Energy’s March Output Slips as China Wind Weakens, Solar and Korea Projects Surge

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

CGN New Energy reported consolidated power generation of 1,663.9 GWh for March 2026, down 5.7% year on year, as lower wind speeds in China and weaker water inflows at its Guangxi hydro project weighed on output. These declines were partially offset by a sharp 50.4% increase in mainland solar generation, driven by higher installed capacity, and a 41.4% surge in Korean output as upgraded gas and biomass units returned to normal operations.

For the first quarter of 2026, total generation was broadly flat at 4,764.5 GWh, edging down 0.1% from a year earlier, masking a pronounced shift in the company’s generation mix. Chinese wind and hydro output fell 15.2% and 8.7% respectively, while solar rose 37.4% and newly contributing gas‑fired projects in China recorded a twelve‑fold increase in power generation, signaling greater diversification and resilience in CGN New Energy’s portfolio despite short‑term resource volatility.

More about CGN New Energy Holdings Co., Ltd.

CGN New Energy Holdings Co., Ltd. is a Bermuda-incorporated independent power producer focused on clean and renewable energy projects, including wind, solar, hydro, gas-fired and cogeneration assets. The company operates mainly in mainland China and South Korea, positioning itself within the broader transition toward low‑carbon power generation in Asia.

Average Trading Volume: 9,255,472

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$11.58B

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