China Resources Power renewable unit gets Shenzhen listing nod

On April 28, China Resources Power (CRP) obtained the green light from the Shenzhen Stock Exchange's listing committee for its renewable energy subsidiary, China Resources New Energy Holdings, to pursue an A-share offering. This initiative still awaits registration approval from the China Securities Regulatory Commission and remains contingent on market conditions. The endorsement marks a significant step in a plan initially revealed in March 2023, bringing the state-owned power producer closer to completion after nearly three years of groundwork. CRP operates power plants across 31 provinces, making it one of the foremost renewable energy providers in China. The listing underscores the robust demand for clean energy, fueled by the nation’s long-term decarbonization goals.