[TRSDC signs first $400 million joint venture with Al Mutlaq Group] Red Sea Development Corporation signed a joint venture agreement worth 1.5 billion riyals with Almutlaq Real Estate Investment Co., a subsidiary of AlMutlaq Group. Under the agreement, the two companies will develop Jumeirah Red Sea Resort, a 159-room luxury resort on Shura, the hub island of the Red Sea destination, which is currently under construction and is expected to open in early 2024. Editor/Xing Wentao

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• 2026.10.08 08:57
• [The world's tallest steel-concrete tower wind turbine connected to the grid]
• Recently, the world's tallest steel-concrete tower wind turbine was officially connected to the grid for power generation in Xinji, Hebei, marking a new breakthrough in China's ultra-high steel-concrete tower technology and reaching the international advanced level. This unit is a landmark demonstration unit of the China Huadian Xinji Wind Power Project Cluster, a key construction project in Hebei Province. The hub center has a height of 204 meters, equivalent to a 70 story residential building, which can fully tap into high-altitude stable high-quality wind resources and lower the threshold for low wind speed wind power development to within 4.5 meters per second.Editor/Gong Ziwei

• 2026.10.08 08:54
• [The peak shaving power supply of Shage Wilderness Base has been put into operation]
• On October 2, 2026, Unit 6 of the Ningxia Electric Power Zhongwei Power Plant of the National Energy Group successfully passed the 168 hour trial operation, marking the full capacity commissioning of four 660 megawatt units of China's first Shagehuang new energy base supporting peak shaving power supply. The Tengger Shagehuang New Energy Base and Ningxiang DC Supporting Power Base in Ningxia are the first Shagehuang New Energy Base in China approved by both the National Development and Reform Commission and the National Energy Administration.Editor/Gong Ziwei