Energy Insider (May 7): China Launches First Green Electricity Project for Computing

Published: May. 7, 2026 3:42 p.m. GMT+8

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Qinghai, Fujian launch first cross-provincial green power trade

The power grids in China’s Qinghai and Fujian provinces have started their first-ever cross-provincial trading of electricity, marking a new step in the country’s green power transmission efforts, state media Xinhua reported. Under the deal, Qinghai will transmit 35 million kilowatt-hours of green electricity to Fujian over a 31-day trading cycle beginning May 1. The transaction was coordinated by the Beijing Power Trading Center, with participation from 24 power generation companies in Qinghai and nine electricity sellers in Fujian.

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Qinghai-Fujian launch first cross-provincial green power trade: 35M kWh over 31 days from May 1.
Geely Q1 2026 revenue +15% to 83.78B yuan ($12.3B), core profit +31% to 4.56B yuan; exports +126% to 203k units.
Nuclear prices fall in 2025: CNNP market share 71.36% (price -5.16% to 0.3937 yuan/kWh); CGN 56.2% (-8.7% to 0.3531 yuan/kWh).
Ningxia 500MW solar project supplies 970M kWh/year to data centers.

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Who’s Who

Geely Automobile Holdings Ltd.: Geely Automobile Holdings Ltd. reported Q1 2026 revenue up 15% YoY to 83.78B yuan ($12.3B). Core net profit rose 31% to 4.56B yuan, driven by overseas sales and premium models. Vehicle sales +1% to 709,000 units; exports +126% to 203,000. Zeekr sales +86% to 77,000 units at ~300,000 yuan ASP.

China National Nuclear Power Co. Ltd.: China National Nuclear Power Co. Ltd. reported market-traded electricity of 134.05 billion kWh in 2025, accounting for 71.36% of total grid-connected power (up 20.58 pp YoY). Its comprehensive electricity price fell 5.16% to 0.3937 yuan/kWh.

CGN Power Co. Ltd.: In 2025, CGN Power Co. Ltd.'s market-traded electricity accounted for 56.2% of its total grid-connected power, up 5.3 percentage points year-on-year. The average market price dropped 8.7% to 0.3531 yuan per kWh.

China Datang Corp. Ltd.: China Datang Corp. Ltd. developed China's first green power project for computing: a 500-MW solar plant in Zhongwei, Ningxia, operational since May 2, generating 970 million kWh annually for the local cloud computing base. It's part of an 8.7 billion yuan initiative with 1.5 GW wind power under construction, aiming for 4.3 billion kWh/year total.

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