On the occasion of crisp autumn air, the new energy sector in East China has made another important progress. Recently, the 390MW fishery photovoltaic complementary photovoltaic power generation project in Honggang, Yancheng, Jiangsu Huadian has officially started construction, marking a solid step for Huadian Group in its clean energy layout in the East China region.

This project, with a total investment of approximately 1.6 billion yuan, is undertaken by Huadian (Xiangshui) New Energy Co., Ltd. China Huadian Group Jiangsu Branch is deeply involved as the purchaser, while Huadian New Energy Yancheng New Energy Co., Ltd. is responsible for promoting the construction of supporting projects. The project covers an area of approximately 6972.75 acres and adopts an innovative fishing photovoltaic complementary mode. It is planned to have an AC side capacity of 390MW and a DC side capacity of 510.59232MW, truly achieving a composite industrial model of "power generation from the top and aquaculture from the bottom".

The technical plan shows that the project will use a 300 kW string inverter, plan 119 photovoltaic power generation units, and build a new 220 kV boosting station. As of now, the pile foundation engineering test work of the project has been successfully completed in September 2025. Although the project was originally scheduled to start on July 1, 2025 and is expected to be completed on June 30, 2026, with a total construction period of 12 months, the actual construction progress is steadily advancing.

As the main developer of the project, Huadian New Energy Group Co., Ltd. (referred to as "Huadian New Energy") has demonstrated strong capabilities. Public information shows that Huadian New Energy not only ranks first among domestic new energy companies, but also is the only new energy integration flagship platform under China Huadian Group, with assets widely covering 31 provinces (autonomous regions, municipalities directly under the central government) in China. On June 27th of this year, Huadian New Energy officially began the IPO process and plans to list on the main board of the Shanghai Stock Exchange. The plan is to raise 18 billion yuan to fully invest in the construction of wind and solar power projects.

As of the end of 2024, the installed capacity of Huadian New Energy Holdings' power generation projects has reached 68.62 million kilowatts, far exceeding the scale of comparable companies in the same industry. Among them, the installed capacity of wind power is 32.0245 million kilowatts, accounting for over 6% of similar installed capacity in China; The installed capacity of solar power generation is 36.5926 million kilowatts, accounting for over 4%, and both indicators rank among the top in the industry. It is worth mentioning that Huadian New Energy is one of the few new energy enterprises in the industry that has invested in nuclear power. It is actively expanding its "new energy+energy storage" and "new energy+hydrogen energy" businesses, and is committed to building a flagship platform for wind, solar, nuclear, and energy storage to complement each other.

In terms of financial performance, Huadian New Energy has shown a steady growth trend. From 2022 to 2024, the company's operating revenue will increase from 24.7 billion yuan to 34 billion yuan, with a net profit margin of 27.91% in 2024. In the first three quarters of 2025, the company achieved a revenue of 29.479 billion yuan, a year-on-year increase of 18.21%; The net profit attributable to the parent company was 7.705 billion yuan, a slight increase of 0.17% year-on-year. It is worth noting that during the reporting period, the net cash flow generated by the company's operating activities increased significantly by 60.26%, reaching 26.775 billion yuan, demonstrating strong cash flow creation ability.

In terms of the layout of the large base project, Huadian New Energy closely integrates its own development strategy with the new national energy security strategy and the "dual carbon" goal, and has taken the lead in the large-scale development of wind and solar resources in the industry. The company has obtained the leading development rights for multiple clean energy bases, including Tengger in Inner Mongolia, Tengger in Gansu, the northern foothills of Tianshan Mountains in Xinjiang, and Golmud East in Qaidam, Qinghai. The total planned installed capacity is nearly 60 million kilowatts, all of which are equipped with regulating power sources and ultra-high voltage transmission channels.

It is worth noting that before the Yancheng Honggang project, Huadian had successfully built a 1.6GW wind solar integrated base in Liangshan Prefecture, Sichuan Province, becoming the largest wind solar integrated base in Sichuan Province. The project is expected to provide approximately 880 million kilowatt hours of clean electricity annually, which can meet the electricity needs of more than 400000 households in Sichuan. Keywords: Latest news on domestic new energy, new energy news, new energy information website

With the commencement of construction of the Honggang project in Yancheng, Huadian New Energy has further consolidated its leading position in the field of new energy. Under the guidance of the "dual carbon" goal, Huadian New Energy is accelerating the construction of a clean, low-carbon, safe, and efficient new energy system through diversified technology routes and large-scale base development, injecting strong impetus into China's energy structure transformation. Editor/Xu Shengpeng