Concord New Energy output rises 11% in August on wind gains

Wind generation led the growth with a 13.8% increase during the month.

SGX Mainboard-listed Concord New Energy Group’s attributable power generation output rose 10.6% year on year (YoY) to 561.41 gigawatt-hours (GWh) in August, driven by higher wind generation.

Wind output increased 13.8% to 437.18 GWh from 384.16 GWh a year earlier, whilst solar generation edged up 0.6% to 124.23 GWh from 123.48 GWh.

Despite the August increase, the group’s attributable generation for the first eight months (8M) fell 5.1% YoY to 5,594.68 GWh from 5,896.97 GWh.

Wind generation declined 4.4% to 4,811.37 GWh during the eight-month period, whilst solar output fell 9.4% to 783.31 GWh.