China Resources Power’s renewable energy arm, China Resources New Energy Holdings, received approval from the Shenzhen Stock Exchange listing committee to proceed with a separate A-share listing in Shenzhen on April 28, 2025 [1]. The listing committee’s green light advances a plan first announced by China Resources Power in March 2023 to spin off its renewable energy business [1].
China Resources New Energy aims to raise about 24.5 billion yuan (US$3.6 billion) from the initial public offering [1]. The unit had installed power generation capacity of approximately 41.6 gigawatts by the end of 2025, with wind power accounting for the majority and solar energy making up the remainder [1]. Its power assets span 31 provinces across China [1].
The IPO still requires registration approval from the China Securities Regulatory Commission and is subject to market conditions before it can proceed [1]. The move is part of China Resources Power’s strategy to unlock value by listing its renewable energy operations independently.
The company’s next key step is to secure regulatory registration approval from the China Securities Regulatory Commission before launching the public share offering publicly [1].
