Caixin
Jan 18, 2022 04:01 PM
BUSINESS

Hydro Giant to Add Wind and Solar as Dam Prospects Cool

Three Gorges Corp. in December approved three new offshore wind power developments in Guangdong province. Photo: Bloomberg
Three Gorges Corp. in December approved three new offshore wind power developments in Guangdong province. Photo: Bloomberg

(Bloomberg) — China Three Gorges Corp., the world’s largest hydropower company, is adding wind and solar capacity under plans to diversify its business as the era of mega-dam projects fades.

The state-owned firm currently has capacity to generate about 26 gigawatts of electricity using solar panels or wind turbines, according to a statement, from 16 gigawatts in 2020. It aims to hit a target of 70 to 80 gigawatts by 2025.

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