[IMF to support Zanzibar's blue economy]The Zanzibar Ministry of Blue Economy stated that the Zanzibar government will continue to vigorously develop the blue economy, and the International Monetary Fund has approved US$567 million for Tanzania through the Post-COVID-19 Recovery Fund, of which about US$100 million will flow to Zanzibar , including about $16 million to be spent on blue economy sectors such as small-scale fisheries, sea cucumber and seaweed farming, and mud crab fattening. At the same time, relevant departments of Zanzibar will carry out in-depth research on the blue economy value chain, protect biodiversity to support Zanzibar's development of the blue economy. Editor/Xing Wentao
On May 20, 2026, ZOE Energy and its Saudi partner jointly built the first world-class battery energy storage manufacturing base in the local area. The first phase of 6GWh is planned to be put into operation in the first quarter of 2027, and the second phase will be expanded to 18GWh, filling the localization gap of large-scale energy storage equipment in Saudi Arabia.Editor/Gao Xue
In May 2026, China Power Construction New Energy issued a procurement announcement for risk spillover assessment of the Hangjinqi wind solar hydrogen integration project. The total investment of the project is 1.122 billion yuan, with a planned wind power of 135000 kilowatts and photovoltaic power of 65000 kilowatts. The annual production of green hydrogen is 7000 tons, and it is planned to be completed by 2026.Editor/Gao Xue