China is not only the most populous country in the world but also one of the fastest growing economies in the world – if you look at energy consumption, the country is in first place. Accordingly, the energy transition is a particularly exciting and active topic here: according to the Global Energy Review, the People’s Republic is the leading country in terms of green energy with a total capacity of 790 GW in 2019. The investment market is correspondingly active – the following article presents three Chinese investors who are investing in renewable energies.
1. CLP Holdings Limited – Utility investor from Hong Kong
CLP Holdings Limited is one of the largest power businesses in Asia-Pacific and has its headquarters in Hong Kong. Their investments focus on Hong Kong, Mainland China, Australia, India, Southeast Asia and Taiwan. While renewables at the moment only account for 5% of CLPs asset share, the company, founded in 1901, is actively working towards a net-zero portfolio by investing in various renewable energy sources such as solar, wind and hydro energy.
2. Risen Energy Co., Ltd. – Independent Power Producer from Ningbo
Risen Energy Co., Ltd. is a well-known and wide-ranging company in the solar industry. The company was founded in 1986 and is not only an integrated manufacturer of various solar products but also an investor and developer of PV projects. While their headquarters is in Ningbo, China, the independent power producer has offices and businesses all over the world, specifically in Germany, Australia, Mexico, India, Japan and the United States of America.
3. Beijing Energy International Holdings Co. , Ltd. – Solar Energy Investor from Hong Kong
Beijing Energy International Holdings Co. , Ltd. is a solar-focused renewable energy company with its headquarters in Hong Kong. The company has solar plants all over China, ranging from large 200 MW projects like the solar park in Ningxia, to smaller rooftop solar plants. Overall, the company (which also is engaged with wind power and hydropower), has accumulated 58 projects with a total installed capacity of about 2GWs. Jingneng International is the largest shareholder in the group.
Image Source: Unsplash, 28.02.2022