[South Africa plans to add 8GW a year to the grid] On June 2, 2023, South Africa's current rollout of solar and wind power to increase the share of solar and wind in the country's energy mix from 7% to 40% by 2030 is the fastest way out of the electricity crisis, according to the South African Presidency's Climate Commission (PCC). It is also the cheapest option to build the energy sector South Africa needs to stick to its global climate commitments. The PCC, which was set up by President Cyril Ramaphosa in 2020 to advise on issues such as a just energy transition, released a set of recommendations on electricity planning in South Africa on June 1. The PCC said South Africa aimed to solve its power crisis by integrating at least 8GW of wind and solar power into the grid annually over the next two to four years. About 2.5GW of new renewable energy projects are now registered with South Africa's national energy regulator. Experience shows that this target is achievable in the first three months of 2023. Ultimately, South Africa will need to add 50 to 60Gw of renewable energy by 2030. Steve Nicholls, head of mitigation issues at the PCC and climate change adviser at the National Business Initiative, said this would take the share of renewables in South Africa's energy mix to about 40 per cent. According to the Council for Scientific and Industrial Research, coal-fired power will account for around 80% of electricity generation by 2022, with renewables (excluding hydropower) accounting for 7%. Editor/Xu Shengpeng

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• 2025.12.16 17:46
• [Kaisheng New Materials suspends 550 million yuan lithium battery material project]
• On December 10, 2025, Kaisheng New Materials (301069. SZ) announced the suspension of the implementation of the "10000 tons/year new lithium salt project for lithium batteries" with a total investment of 550 million yuan, and will re evaluate the project's market returns. This project is the core project of the company's convertible bond fundraising in 2023, intending to produce high-end lithium battery material LiFSI. As of now, it has not started construction and has not invested in fundraising. The announcement pointed out that the main reason for the suspension is that the new energy industry is in a period of adjustment, with frequent iterations of lithium battery technology and drastic market changes, coupled with the pressure of overcapacity in the industry. The company has made prudent decisions to avoid resource waste and improve the efficiency of fundraising. This adjustment has been approved by the board of directors and independent directors, and the sponsor Southwest Securities has no objections. It will not have a significant impact on the company's existing production and operation.Editor/Bian Wenjun

• 2025.12.16 17:45
• [650 million yuan silicon carbon anode project signed contract in Sichuan]
• On December 11, 2025, at the signing ceremony for key projects in the fourth quarter of 2025 in the Yantan District of Zigong, Sichuan, Luoyang Ronghui Chemical Technology Co., Ltd. officially signed a contract for the annual production of 2000 tons of silicon carbon negative electrode materials with an investment of 650 million yuan, and settled in the South Sichuan New Materials Chemical Industrial Park in Zigong. This project focuses on the production of high-quality new silicon carbon negative electrode materials, which will break through the technological bottlenecks of high investment, high energy consumption, and poor stability in traditional processes, and promote the extension of the park from fluorine silicon basic materials to high value-added terminal materials. After the project reaches full production capacity, it is expected to have an annual output value of about 800 million yuan, providing key material support for new energy fields such as power batteries and energy storage. At the same time, it will help improve the "salt chlor alkali chemical fluorosilicon new materials" industry chain in the coastal areas and strengthen the competitiveness of the new materials industry cluster in southern Sichuan.Editor/Bian Wenjun