CGN New Energy sees strong november power generation, but year-to-date dips

CGN New Energy Holdings Co. announced a 28.3% increase in consolidated power generation for November 2025, reaching 1,746.4 GWh compared to November 2024. This growth was primarily fueled by PRC solar projects, which saw an impressive 66.5% rise, and Korea projects, with a 52.1% increase. PRC wind projects also contributed positively, increasing by 14.1%.

However, for the eleven months ended 30 November 2025, the accumulated power generation for the Group saw a slight decrease of 1.0%, totaling 17,499.8 GWh. This year-to-date decline was influenced by decreases in PRC wind projects (down 1.4%), PRC hydro projects (down 10.5%), and Korea projects (down 7.5%).

Despite the year-to-date dip, PRC solar projects demonstrated robust accumulated growth of 30.4% and PRC gas-fired projects increased by 9.4% over the eleven-month period. The company attributed the November 2025 increases in PRC wind and solar to favorable wind speeds and increased capacity, respectively, while Korea's Yulchon gas-fired projects saw a significant rise in dispatch power.