Huaneng to step up investments in new energy projects

China Huaneng Group, the second-largest power utility in the world by installed capacity, said it will increase investments in new energy projects, including solar and offshore wind power, this year amid the country's green energy transition.

The company said during a news conference in Beijing on Monday that it will invest in 222 such projects nationwide this year, as part of efforts toward green and low-carbon transformation.

The company recently initiated and resumed construction of new energy projects with a combined capacity of nearly 34 million kilowatts, it said.