State Power Investment Corporation Limited (SPIC)

State Power Investment Corporation Limited (SPIC) is one of China's five power generation groups, with businesses covering centralized power and heat generation, consumer-side integrated smart energy, green power to X, power-related and supporting segments, and asset-light businesses. SPIC owns all generation types including PV, wind, nuclear, hydro, coal, gas and biomass, with PV power capacity ranking 1st in the world. Ranking 262nd among the Fortune Global 500, SPIC is committed to becoming a world-class clean energy enterprise with global competitiveness.


As of June 2023, SPIC’s clean energy accounted for 68% of the total installed capacity, with PV, new energy, clean energy capacity topping the world. With 67.81 GW of PV power, SPIC continues leading the world in scale, while promoting new business models like hybrid hydro-wind-solar, hybrid fishery-solar, hybrid agriculture-solar, desertification control with PV power, etc. Owning and operating multiple onshore and offshore wind farm clusters totaling 48.41 GW, SPIC is the second largest wind power producer in the world. With installed capacity of 24.63 GW, the company is also an important hydropower producer with cascade HPPs on the upper reaches of the Yellow River, and the Yuanshui River, a tributary of the Yangtze River.


SPIC actively implements the Belt and Road Initiative, with presence in 47 countries and regions including Brazil, Australia, Malta, Pakistan, etc. Meanwhile, SPIC carries out technology collaboration with international companies like Siemens Energy, Ansaldo Energia, Westinghouse Electric Company, Tecnatom, etc. As of June 2023, SPIC owns 8,937 MW overseas assets in operation, with clean energy accounting for 64.9%, and 2,777 MW under construction.