CITIC Pacific Energy invests in, operates and manages multiple power plants, with a core mission of ensuring energy security and accelerating green transformation. It focuses on developing new energy businesses, actively expanding wind power, photovoltaic power generation and energy storage projects, while striving to promote comprehensive resource utilisation and technological innovation.
In 2025, CITIC Pacific Energy actively constructed a diversified and synergistic development model of “wind, solar, thermal and storage”1 promoting a transformation from “sole reliance on traditional energy” to “synergistic drive of traditional and new energy”, achieving green and low-carbon development.
Steady growth of the thermal power business. Ligang Power’s installed capacity exceeded 6,000MW, solidly ranking first in Jiangsu Province and among the top five nationwide, with its profitability per unit of installed capacity leading amongst comparable units. Inner Mongolia Shenglu’s inter-provincial power transmission volume ranked among the top three in the ±800kV Zhaoyi DC ultra-high voltage channel2. As a benchmark for industry energy efficiency and smart power plants, the Ligang Phase V 2×1,000MW high-efficiency clean coal-fired power generation project achieved breakthroughs in clean, high-efficiency power generation and low-carbon transformation. Its carbon emission intensity per unit of power supply decreased significantly, providing a replicable solution for the upgrading of traditional energy.
Accelerated expansion of the new energy business. The sales volume of green electricity increased by over 500%, while the scale of new energy installed capacity and power generation expanded steadily. The installed capacity in operation was approximately 12.15 million kW, of which 2.05 million kW was from new energy sources, accounting for 17%. Total annual power generation reached 42.6 billion kWh, with new energy power generation reaching 3.7 billion kWh, representing a year-on-year increase of 94%. The contribution of new energy to total power generation rose from 4% to 9%. Key projects, such as the 400MW wind power project in Xilinhot, Inner Mongolia, and the 80MW/120MWp centralised agrivoltaic project of Tonglu Phase I, were successfully connected to the grid. CITIC Pacific Energy achieved significant technological results in fields such as high-efficiency clean power generation, new energy grid integration, and smart management.
Breakthroughs in the energy storage business. The 115MW/230MWh grid-side energy storage project in Haian and the 120MW/240MWh user-side energy storage project at Jingjiang Special Steel were successively put into operation, significantly enhancing system regulation capabilities and new energy grid integration levels.
Steady growth of the thermal power business. Ligang Power’s installed capacity exceeded 6,000MW, solidly ranking first in Jiangsu Province and among the top five nationwide, with its profitability per unit of installed capacity leading amongst comparable units. Inner Mongolia Shenglu’s inter-provincial power transmission volume ranked among the top three in the ±800kV Zhaoyi DC ultra-high voltage channel2. As a benchmark for industry energy efficiency and smart power plants, the Ligang Phase V 2×1,000MW high-efficiency clean coal-fired power generation project achieved breakthroughs in clean, high-efficiency power generation and low-carbon transformation. Its carbon emission intensity per unit of power supply decreased significantly, providing a replicable solution for the upgrading of traditional energy.
Accelerated expansion of the new energy business. The sales volume of green electricity increased by over 500%, while the scale of new energy installed capacity and power generation expanded steadily. The installed capacity in operation was approximately 12.15 million kW, of which 2.05 million kW was from new energy sources, accounting for 17%. Total annual power generation reached 42.6 billion kWh, with new energy power generation reaching 3.7 billion kWh, representing a year-on-year increase of 94%. The contribution of new energy to total power generation rose from 4% to 9%. Key projects, such as the 400MW wind power project in Xilinhot, Inner Mongolia, and the 80MW/120MWp centralised agrivoltaic project of Tonglu Phase I, were successfully connected to the grid. CITIC Pacific Energy achieved significant technological results in fields such as high-efficiency clean power generation, new energy grid integration, and smart management.
Xilinhot Wind Power Project in Inner Mongolia
Agrivoltaic Project in Tonglu, Zhejiang Province
Breakthroughs in the energy storage business. The 115MW/230MWh grid-side energy storage project in Haian and the 120MW/240MWh user-side energy storage project at Jingjiang Special Steel were successively put into operation, significantly enhancing system regulation capabilities and new energy grid integration levels.
1
Wind power, photovoltaic, thermal power and energy storage.
2
The Zhaoyi DC project is a large-scale new energy power transmission project spanning from Ordos, Inner Mongolia to Linyi, Shandong.