[Nord Group plans to build an energy power station in Huangshi, Hubei]On September 20, 2023, Nord Shengshi, a subsidiary of Nord Group, plans to sign a "Project Investment Contract" with Huangshi Economic and Technological Development Zone in Hubei Province to invest in the construction of the Nord Solar Energy Storage Power Station Zero Carbon Smart Industrial Park project, with a total planned fixed asset investment of 5.2 billion yuan. The project plans to build a 500MW distributed photovoltaic power station project, a 1500MWh industrial and commercial energy storage power station project, as well as facilities such as distribution networks and charging stations in the Huangshi Economic and Technological Development Zone. After the project is fully completed and put into operation, it can provide about 580 million kWh of clean energy green electricity annually, save 170000 tons of standard coal annually, and reduce carbon dioxide emissions by about 50000 tons annually. The first phase of the industrial park is planned to be completed and put into operation in June 2024, while the second and third phases of the project are planned to be completed and put into operation in April 2026. Editor/Zhao E
The Spanish Ministry of Transport and Sustainable Transport has approved 1.73 million euros for conducting technical research on the Secegsa railway tunnel crossing the Strait of Gibraltar to Morocco. Previous research by German company Herrenknecht has confirmed that a 65 kilometer long tunnel is technically feasible, but due to significant geological challenges such as flying sand structures, seabed depth, and instability, the possibility of completion before the 2030 World Cup has been ruled out. The actual construction period is expected to be between 2035 and 2040.Editor/Cheng Liting
On the morning of March 17, 2026, the Fujairah oil industry zone was attacked by drones and caught fire again. The civil defense department is making every effort to control the fire, and there are currently no casualties. This is the fifth attack on the area since early March, driven by Iran's ongoing attacks on energy facilities in the United Arab Emirates. Fujairah holds a strategic position in the Strait of Hormuz, and the conflict has caused about one-fifth of the world's oil and gas supply to be blocked. Brent crude oil broke through $100 on March 9th and remained at $103.87 as of the 17th. As a key global storage and transportation hub, giants such as Abu Dhabi National Oil Company, Saudi Aramco, Shell, and Vopak operate terminals and pipelines here, responsible for core businesses such as Murban crude oil. Geopolitical risks are seriously threatening the security of the global energy supply chain.Editor/Cheng Liting