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China Three Gorges Renewables’ profits continue to be affected by low tariffs
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China Three Gorges Renewables’ profits continue to be affected by low tariffs

China Three Gorges Renewables is a subsidiary of China Three Gorges, the world’s largest hydropower producer and one of China’s leading renewable energy players. While other sister companies like China Yangtze Power focus on hydropower, CTGR focuses on other renewable energy, including solar and wind. CTGR has a total generation capacity of approximately 40.0 gigawatts by the end of 2023. The company is also one of the largest offshore wind farm operators in China, with 5.5 GW of installed capacity at the end of 2023, which represents around 15% of Chinese production. total offshore wind capacity. In addition, CTGR holds a direct stake of approximately 8.9% in Goldwind Science & Technology, a leading wind turbine manufacturer, as of the end of 2023.