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Yue Dianli A: The newly commissioned photovoltaic projects are affected by the electricity market environment and policies, and the power generation capacity and benefits have not been fully realized.

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ME News, on May 20 (UTC+8), Yue Power A stated during research into specific counterparties that in the first quarter of 2026, the wind power business’ profitability remained stable year-on-year due to the combined effects of increased electricity generation volume and falling electricity prices. For the newly commissioned photovoltaic projects, influenced by the power market environment and policies, the generation capacity and benefits have not been fully realized; the growth in generation revenue has not yet offset the increase in related depreciation and interest expenses, and losses have expanded year-on-year. The company’s 15th Five-Year Plan is still being prepared. At present, the company has 2 million kW of coal-fired power generation capacity under construction, which is expected to be commissioned in 2027; gas-fired power capacity under construction is about 2.942 million kW, including Dananhai and Yunhe, of which about 485,000 kW is expected to be commissioned by 2026, with the remainder expected to be commissioned in 2027; and about 800,000 kW of renewable energy projects under construction. The actual commissioning timelines for the above projects may be adjusted according to construction progress. (Source: Jinshi)
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