PVTIME – Guangxi Guiguan Electric Power Co.,Ltd. (Guiguan Power, 600236.SH), a leading China-based energy supplier, has recently announced its investment in solar and wind power projects.
The announcement revealed that Guiguan plans to launch a solar power plant with an installed capacity of 115 MW and a total investment of 485 million yuan. Furthermore, a wind power farm with a capacity of 200 MW is to be launched, with a total investment of 1.278 billion yuan.
Guiguan Power was founded in September 1992 and listed on the Shenzhen Stock Exchange in March 2000. It has grown to become a major player in the energy sector, with a focus on investing, constructing and operating electric power projects, including hydroelectric, thermal, wind and solar power generation.
In 2023, Guiguan Power experienced a decline in its financial data. The company achieved a revenue of 8.091 billion yuan, representing a year-on-year decline of 23.85%. Its net profit attributable was 1.226 billion yuan, a year-on-year decline of 61.08%. Following a number of investments in renewable energy development since the beginning of 2024, Guiguan Power saw an increase in performance in H1 2024, with a net profit of 1.387 billion to 1.487 billion yuan, representing a year-on-year increase of 51.93% to 62.88%.
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