China Three Gorges Corporation — Cyborg Score 8/10
Strong
Hydroelectric power generation
Strategic Profile
As of the end of 2024, the Three Gorges Group total assets reached 1.48 trillion yuan with operating revenue of 162.5 billion yuan and controllable installed capacity of 158 million kilowatts. By the end of 2023, CTGC's total installed capacity had grown to 146 GW, encompassing hydropower alongside wind and solar assets, with operations spanning nearly 20 countries across Africa, Latin America, and Europe. CTG operates as China's dominant clean energy enterprise with diversified global operations and strong state backing.
Cyborg Score Rationale
With 1.48 trillion yuan in assets, 162.5 billion yuan operating revenue (as of end of 2024), and 158 GW installed capacity with 96% clean energy, CTG demonstrates dominant scale and portfolio quality in global renewable energy. The company maintains strategic geographic diversification across multiple continents and benefits from state ownership, though international expansion faces execution and host-nation scrutiny risks.
Top Insights
Operating revenue grew from 152.3 billion yuan in 2023 to 162.5 billion yuan in 2024, with power generation reaching 457.4 billion kilowatt-hours in 2024 (6% YoY growth).
The Changlongshan Pumped Storage Power Station in Zhejiang Province, owned and constructed by CTG, features a 2,100 MW capacity with full operations targeted for 2026 to address peak load demands in eastern China.
CTG has positioned itself as China's largest clean energy enterprise by capacity, though international projects face scrutiny over debt sustainability and local environmental impacts in host nations.
In April 2020, CTG's listed arm China Yangtze Power completed acquisition of an 83.6% stake in Peru's Luz del Sur for a base price of $3.59 billion, integrating over 1 million customers and bolstering regional hydropower synergies.
Named Competitors
SPIC Renewables — State-owned renewable energy developer competing in hydropower, wind, and solar across China and internationally
China Datang Renewable Energy — State-owned utility with significant wind, solar, and hydropower operations
EDP Renewables — European renewable energy company with wind and hydropower operations
Recent Developments
(July 2025) Released 2024 Social Responsibility Report showing 162.5 billion yuan operating revenue and 158 GW installed capacity with 96% clean energy mix
(August 2024) Hoisting of first unit at Changlongshan Pumped Storage Power Station completed, with full operations targeted for 2026
(2024) Total power generation reached 457.4 billion kilowatt-hours with clean energy accounting for 94% of output
(2023) Expanded global footprint to operations spanning nearly 20 countries with 146 GW total installed capacity
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