China Huaneng Group

Name

China Huaneng Group

Legal name

China Huaneng Group

Website

https://chng.com.cn

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Electric Power Generation

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Hydroelectric Power Generation (221111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)

akta.pro secondary industries

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA), Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Owner’s Engineering, Grid Interconnection & System Studies (PVsyst/Performance Modeling, Protection Studies) (EUACAGAG), Hybrid Wind Power Plants (Wind+Solar+Storage Co-located) (EUACAFAH)

Keywords

• Power generation services
• Renewable energy infrastructure
• Hydropower development
• Offshore wind power
• Thermal power plants

Headquarters

HQ city

Beijing

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Power Generation and Sale: China Huaneng Group generates revenue through operating power generation assets including thermal, hydropower, wind, solar, and geothermal plants, selling electricity to grid operators, industrial customers, and through government-approved tariffs. The company operates as one of China's five major state-owned power generation groups.
2. Engineering, Procurement, Construction and PPP Services: International PPP-based investment projects and EPC+F (Engineering, Procurement, Construction + Financing) arrangements for hydropower development, exemplified by the cooperation agreement with Uzbekhydroenergo for Pskem Hydroelectric Power Plant and major hydropower projects in Uzbekistan.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

China Huaneng Group is a Chinese state-owned enterprise that develops and operates large-scale power generation assets across thermal, hydropower, wind, solar, geothermal, and nuclear energy, selling electricity to grid operators, utilities, and industrial customers under government-approved tariffs. The company also delivers international hydropower, offshore wind, geothermal, and other energy infrastructure projects via PPP and EPC+F arrangements and pursues clean energy technology development through research and autonomous systems subsidiaries.

Product overview

China Huaneng Group operates a diversified portfolio of power generation and technology solutions spanning conventional and renewable energy sources. Core offerings include the 504MW offshore wind farm using 12MW turbines with innovative four-pile jacket foundations, the pioneering supercritical CO2 geothermal heating project in Henan Province, and hydropower development services through partnerships like Uzbekhydroenergo. The group also operates Huaneng Ruichi autonomous electric mining trucks representing the world's first fleet of 100 autonomous electric mining trucks, and the Huaneng Clean Energy Research Institute which developed China's first commercial perovskite-silicon tandem PV module project. The portfolio extends to nuclear power participation through the Green Nuclear Energy platform and HJT solar module deployment at 1.2GW scale.

Differentiator

Problem solved

Functional benefit

Products and services

• 504MW Offshore Wind Farm China's deepest offshore wind farm, located approximately 70 kilometers off the Shandong Peninsula coast in waters 52 to 56 meters deep, consisting of 42 units of 12MW turbines utilizing innovative four-pile jacket foundation structures reaching 83.9 meters — the tallest of their kind in China — and drone-based tracking technology for submarine cable installation. The facility generates electricity sold to grid operators, serving as a benchmark for deepwater offshore wind development.
• Supercritical CO2 Geothermal Heating Project China's first geothermal heating project using supercritical carbon dioxide (sCO2) as the working fluid instead of water, located in Henan Province at depths of around 2.5km. Technology is projected to increase heat extraction efficiency by approximately 20% while reducing energy consumption by 10%, eliminating concerns around large-scale water use and groundwater depletion. Delivered as an infrastructure-scale heat generation service to public district heating systems and industrial heat users.
• Huaneng Ruichi Electric Mining Trucks World's first autonomous electric mining truck system, consisting of 100 vehicles developed through partnership between China Huaneng Group, Xuzhou Construction Machinery Group, Huawei, and State Grid Smart Internet of Vehicles, deployed at the Yimin open-pit coal mine in Inner Mongolia. Operated as a zero-carbon, zero-human autonomous mining transportation service leveraging Huawei 5G-Advanced network and AI cloud capabilities.
• Hydropower Development Services End-to-end hydropower development services delivered under EPC+F and PPP cooperation agreements, exemplified by the strategic partnership with Uzbekhydroenergo to implement large-scale hydropower projects in Uzbekistan and modernize the country's hydropower sector. China Huaneng integrates its technological solutions into partner-country power generation infrastructure, aligned with national policy directives such as the May 2026 Uzbekistan presidential decree. Delivered to government-owned utilities and counterparties as international energy infrastructure cooperation services.

Quantifiable outcome

• 504MW offshore wind capacity operational - China's deepest offshore wind project
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and supporting.

• Uzbekhydroenergo (Uzbekhydroenergo JSC)coreStrategic or Co-development Partner · 1 June 2026Strategic partnership for hydropower development in Uzbekistan, including EPC+F and PPP cooperation agreement for Pskem Hydroelectric Power Plant and major hydropower projects. Aligned with May 2026 presidential decree on hydropower development. Cooperation aims to implement large-scale hydropower projects and modernize Uzbekistan's hydropower sector through integrating China Huaneng Group's technological solutions.
• National Energy AdministrationcoreStrategic or Co-development Partner · 1 June 2026Co-initiator of the 'Green Nuclear Energy' nuclear power popular science cooperation platform. China Huaneng Group is a founding participant alongside China Nuclear Power Development Center, China Nuclear Society, China National Nuclear Corporation, State Power Investment Corporation, and China General Nuclear Power Group.
• GCL OptoelectronicssupportingTechnology or Integration · 1 January 2026GCL Optoelectronics won Huaneng Clean Energy Research Institute's tender for 1.2 MW commercial perovskite/silicon heterojunction tandem PV module procurement project. GCL is China's first company to achieve mass production of perovskite modules at its Kunshan factory.
• HuaweicoreTechnology or Integration · 1 January 2025Partnership for 5G-Advanced (5G-A) network technology enabling world's first fleet of 100 autonomous electric mining trucks at Yimin open-pit mine. Huawei provides 5G network and AI cloud services supporting vehicle-cloud-network synergy for autonomous mining operations achieving record productivity.
• Xuzhou Construction Machinery GroupcoreTechnology or Integration · 1 January 2025Joint development of Huaneng Ruichi autonomous electric mining trucks. Xuzhou Construction Machinery Group provides specialized electric mining vehicle technology for the world's first fleet of 100 autonomous electric mining trucks at Yimin open-pit coal mine in Inner Mongolia.
• State Grid Smart Internet of VehiclessupportingTechnology or Integration · 1 January 2025Partnership for intelligent vehicle networking infrastructure supporting autonomous electric mining truck fleet operations. Provides IoV platform integration for the world's first fleet of 100 autonomous electric mining trucks.
• Risen EnergycoreTechnology or IntegrationStrategic cooperation for HJT (Heterojunction) solar modules with total order volume reaching 1.2GW. Nearly 600MW delivered for multiple large-scale ground-mounted power station projects. Risen Energy provides Hyper-ion series modules featuring 0BB technology, 740Wp+ power output, and 90% bifacial rate, supporting China Huaneng's green transition and dual-carbon goals.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• China National Nuclear Corporation (CNNC): Founder of the same 'Green Nuclear Energy' popular science platform and a state-owned nuclear and clean-energy major. Adjacent as a Chinese state-owned nuclear and clean-energy enterprise with renewable pursuits.
• Iberdrola: Global renewable utility with leading offshore wind (e.g., Baltic Eagle) and onshore renewables. Comparable as a large diversified utility with offshore wind technological leadership, similar in business model to Huaneng's offshore wind push.
• China General Nuclear Power Group (CGN): State-owned nuclear major co-founding the same 'Green Nuclear Energy' platform as Huaneng; also operates large-scale wind and solar IPP assets. Comparable as a Chinese SOE IPP with renewable energy ambitions, though nuclear-heavy.
• NextEra Energy: World's largest renewable utility with leading wind and solar development capabilities. Comparable as a large diversified utility integrating wind, solar, and storage, contrasting with Huaneng's broader thermal/hydro/nuclear mix.

Regional players

• NTPC Limited: Indian state-owned major power generator with thermal, hydro, and renewable operations, listed but government-controlled. Comparable in scale and SOE-driven diversified generation mix, though operates in South Asia instead of East/Central Asia.

Emerging players

• LONGi Green Energy: Chinese solar PV leader supplying modules into Huaneng's projects (e.g., competing perovskite/HJT ecosystem). Comparable as a Chinese clean-energy technology company in the perovskite and HJT space, though an equipment supplier rather than generator.

Direct peers

• State Power Investment Corporation (SPIC): One of China's five major state-owned power generation groups and Huaneng's most direct competitor, with overlapping thermal, hydro, wind, and solar portfolios plus nuclear ambitions. Closely comparable SOE-driven utility model.
• China Datang Corporation: One of the five central state-owned power generation groups, heavily exposed to thermal and renewable generation in China. Same SOE policy direction and competitive bidding environment as Huaneng.
• China Three Gorges Corporation: One of China's other central state-owned power generation groups, with a leading hydropower portfolio and growing wind/solar exposure. Highly comparable to Huaneng in SOE status, multi-technology generation mix, and Belt-and-Road hydropower export ambitions.
• China Huadian Corporation: Another of China's five major state-owned power generation groups, with comparable thermal, hydro, wind, and solar assets. Direct peer in scale, ownership structure, and product/market overlap with Huaneng.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about China Huaneng Group