[Azerbaijan targets clean energy for 30% of total power generation by 2030] Abu Dhabi-based clean energy company Masdar has opened an office in Azerbaijan's capital, Baku, and has pledged to step up support for renewable energy initiatives in Central Asia. Founded by Mubadala in 2006, Masdar has played a global leadership role in clean energy and has also helped advance the country's economic diversification and climate action agenda. Masdar is active in more than 40 countries and has invested or committed to invest in projects worth more than US$30 billion. The company aims to increase its capacity to at least 100 GW of renewable energy capacity by 2030. Editor/Xing Wentao

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• 2026.01.05 10:41
• [Hubei establishes an independent energy storage capacity compensation mechanism]
• On January 4, 2026, the Development and Reform Commission and Energy Bureau of Hubei Province issued a notice clarifying the establishment of a new energy storage pricing mechanism from February 1, 2026. Establish a capacity compensation mechanism for independent energy storage projects on the grid side, with a standard of 165 yuan per kilowatt per year, and the compensation cost is shared by industrial and commercial users. Projects eligible for capacity compensation must be included in the regularly published list and are not allowed to lease capacity. This mechanism is tentatively scheduled to be implemented for one year to promote the healthy development of the new energy storage industry.Editor/Yang Meiling

• 2026.01.05 10:41
• [Inner Mongolia launches preliminary selection of energy storage projects for 2026]
• On January 4th, Wengniute Banner in Chifeng, Inner Mongolia released the preliminary registration announcement for the 2026 Autonomous Region Independent New Energy Storage List project. The planned construction scale of the project is 300000 kilowatts/1.2 million kilowatt hours, and it is recommended to connect to the Zicheng 500 kV substation. The promotion of this independent energy storage power station will assist in the construction of regional energy storage infrastructure and the optimization of energy structure.Editor/Yang Meiling