China Huadian Corporation (中国华电集团)

Huadian has achieved progress in increasing low-carbon electricity capacity. The total low-carbon electricity capacity accounts for 43% in 2020, and it plans to increase it to 50% by 2025. Besides, this company also has developed a large-scale wind and solar water storage demonstration base to help reduce the reliance on coals. The continuous efforts in developing large scale low-carbon electricity and energy storage could help the company to perform better in the low-carbon transition.

Huadian’s scope 1 and 2 emissions intensity has remained stable between 2015 and 2020. In 2020, the company emitted 593.17 gCO2e.kWh. Furthermore, Huadian’s emissions intensity is projected to annually decrease by around 1% between 2021 and 2025. This reduction is not aligned with the company’s 1.5°C pathway which requires a 7% annual reduction. It is projected to exceed its carbon budget to 2035 by 62%. To remain within its carbon budget, the company should accelerate the decline in electricity production from fossil fuel assets.

The company commits to increase low-carbon electricity to be more than 50% of its installed capacity by 2025. However, it does not release emission reduction target yet.

China Huadian just released its low-carbon transition plan in 2021. It strives to achieve a carbon peak by 2025, and non-fossil energy sources account for more than 50% of its installed capacity.

In 2020, the total share of the company’s low-carbon installed capacity reached 43% in 2020. Capital expenditure figures in low-carbon development were not found.

Between 2015 and 2020, Huadian’s emissions intensity almost remained the same. In 2020, its emissions intensity was 593.17 gCO2e/kWh. It does not show emission reduction results from 2015 to 2020.

Huadian’s plans and actions are not consistent with a low-carbon transition. The company does not disclose a strategy explaining how it will reduce emissions or gradually phase out from coal assets.