CIMC Raffles signs overseas new shipbuilding contract

CIMC Raffles and Norwegian Dutch joint venture companies have signed a contract to build a new generation of deep-water multifunctional offshore installation ships, and the project has entered the implementation stage. The vessel was built at Haiyang Base in Shandong Province, with a length of 132.6 meters and a width of 32 meters. It has a capacity of 100 people and a maximum operating depth of 4000 meters. It is equipped with multiple professional operating equipment and meets the methanol reservation and DP2 power positioning standards. It is classified as DNV. The joint venture company is jointly owned by Solstad and SBM, and the ship will be operated by the Norwegian side after delivery, with the Dutch side enjoying priority use rights. This signing highlights the strong international competitiveness of Chinese offshore shipbuilding enterprises.Editor/Gong Ziwei

New breakthrough in new energy development in Nyingchi, Xizang

On June 23, 2026, a press conference was held in Lhasa on the high-quality development achievements of Linzhi City, Xizang during the 14th Five Year Plan period and the planning work during the 15th Five Year Plan period. At the meeting, it was introduced that the total installed capacity of clean energy in the city has increased from 356800 kilowatts to 450800 kilowatts by 2025, and the installed capacity of hydropower under construction has reached 4.9292 million kilowatts, achieving zero breakthrough in the large-scale development and application of new energy.Editor/Gong Ziwei

Hainan Guangdong Cross Sea Transmission Project Achieves Breakthrough

Recently, key progress has been made in the construction of the Hainan Guangdong Power Flexible Mutual Aid Project, and the survey of submarine cable routes has been fully completed. After the completion of the project, the transmission channel between Hainan Power Grid and Southern Power Grid's main grid will increase from the current dual channel to three channel, with a total transmission capacity of 1.8 million kilowatts, and the power mutual assistance capacity between the two provinces will be greatly improved by 50%.Editor/Gong Ziwei

Zhongfu Industrial's 400 million wind power project starts construction

On June 23, 2026, the Fujin New Energy Grid Load Storage Integrated Wind Power Project under Zhongfu Industrial started construction in Gongyi, with a total investment of 407 million yuan, an installed capacity of 87.5 MW, an annual power generation of 180 million kilowatt hours, and a reduction of approximately 149300 tons of carbon dioxide emissions. The company has completed a 500000 ton green hydroelectric aluminum project, with 75% of its electrolytic capacity achieving green electricity substitution and an annual emission reduction of 5 million tons, ranking among the top in the industry in terms of carbon footprint. Editor/Cheng Liting

Natural gas discovery in Beihai

The evaluation well drilled by Norwegian Wells Oil Company under license No. 1148 confirms the discovery of natural gas condensate oil in the North Sea, with recoverable reserves ranging from 3.4 million to 17 million standard cubic meters of oil equivalent. The well is located about 25 kilometers northwest of the Troll oil field, with a water depth of 365 meters, and is related to the evaluation of the Carmen oil field. The partners include DNO, Equinor, and Aker BP, and will explore the use of existing infrastructure to develop the oil field in the future. Editor/Cheng Liting

Angola's oil industry receives $5.1 billion investment

Azule Energy and its partners have approved a $5.1 billion investment in the PAJ offshore oil field in Angola, which contains 252 million barrels of recoverable reserves and is the most important energy investment in Angola in recent years. Angola's oil production has continued to decline from its peak of 1.8 million barrels per day. The government is working to stabilize production by revising license terms and attracting foreign investment to develop mature assets, with the current goal of maintaining a daily output of 1 million barrels. Editor/Cheng Liting

Breakthrough in solar powered seawater desalination

On June 22, 2026, a team from the Chinese Academy of Sciences and Shenzhen University proposed a polymer locking mechanism to achieve efficient solar powered seawater desalination, with a daily water output of 20 liters, which can irrigate farmland and meet drinking water needs.Editor/Gao Xue

Breaking the ice in the transaction of transmission rights between two power grids

On June 18, 2026, State Grid and Southern Power Grid completed the first market-oriented transmission rights transaction in China at Yunxiao DC, with a transaction volume of 21.16 million kilowatt hours, breaking down inter provincial barriers and accelerating the construction of a unified electricity market.Editor/Gao Xue

The handover of China Mauritius electric buses has been completed

On June 18, 2026, China and Mauritius held a handover ceremony for their aid to Mauritius electric bus project. Ambassador Huang Shifang and Minister of Transport of Mao jointly attended the meeting. This project will enhance local public transportation services and promote green and low-carbon development.Editor/Gao Xue

Zhonggong International Layout in the New Hybrid Energy Storage Field

On June 22, 2026, Zhonggong International announced that its wholly-owned subsidiary, China Zhongyuan International Engineering Co., Ltd., signed a general contract for the construction of a 100 MW/102 MW independent hybrid energy storage power station in Changfeng County, Hefei City, Anhui Province with Yuankong Storage and Charging. The contract amount was 1.127 billion yuan, accounting for 9.75% of Zhonggong International's total operating revenue in 2025. According to the announcement, the project construction mainly includes the survey and design, supply, construction, testing, commissioning, inspection, and acceptance of the energy storage power station. The project period is 244 days from the date of commencement. Yuankong Energy Storage is a subsidiary of Yuandian (Beijing) Flywheel Energy Storage Technology Co., Ltd., a technology-based enterprise specializing in the research and industrialization of magnetic levitation flywheel energy storage technology. Its business covers areas such as grid side frequency regulation, rail transit energy recovery, and new energy vehicle supercharging stations.Editor/Gong Ziwei

Full vanadium energy storage landing in Xinjiang

On June 22, 2026, the Three Gorges Group Xinjiang Jimsar Million Photovoltaic Supporting Vanadium Liquid Flow Energy Storage Project was fully put into commercial operation one month ahead of schedule. The project is located in Jimsar County, Changji, with an energy storage capacity of 200000 kilowatts/1 million kilowatt hours, making it the largest all vanadium liquid flow energy storage power station in China. Relying on long-term energy storage technology, the equipment is safe, durable, and easy to expand. The project generates an average of 1.72 billion kilowatt hours of electricity annually, saving 519000 tons of standard coal and reducing carbon dioxide emissions by 1.424 million tons.Editor/Gong Ziwei

Qinglongmen Extra Large Bridge Main Bridge Closure

On June 23, 2026, the main bridge of Qinglongmen Extra Large Bridge, the world's largest three tower steel box girder cable-stayed bridge, was completed and the main structure was fully completed, ensuring the timely opening of the second phase of Ningbo Zhoushan Port Liuheng Highway Bridge. The bridge is located in the waters of Qinglongmen in Zhoushan, connecting Fodu Island and Meishan Island. It has a total length of 2212 meters, dual main spans of 756 meters, and three 249 meter diamond shaped main towers. After its opening, the Three Islands Expressway will be opened up, the port collection and distribution system will be improved, and the coordinated development of island ports and industries will be promoted.Editor/Gong Ziwei

The China Europe freight train has grown tenfold in the past decade

In June 2026, the unified brand of China Europe freight trains will be in use for 10 years. The annual operating volume has increased from 1702 trains in 2016 to 20022 trains in 2025, a growth of 10.8 times. The transportation network covers the entire Asia Europe region, with 129 cities opened and 236 cities in 26 European countries connected. As of June 10, 2026, it has exceeded 10000 trains and one million TEUs, setting a new high for the same period. This steel silk road across Asia and Europe is becoming a landmark achievement of high-quality joint construction of the the Belt and Road with brand, digital and diversified operations. Editor/Cheng Liting

Italian energy storage: 42GWh or 104GWh?

Italian power grid operator Terna has provided two sets of energy storage predictions: a conservative scenario of 42GWh and a benchmark scenario of 104GWh. Behind the gap lies the logic of phased advancement. The cumulative 26GWh from 2028 to 2029 is just the beginning, while the installed capacity of wind, solar, and photovoltaic power has reached 57GW, leaving a huge gap from the target of 107GW by 2030. Although FER X's new policy revitalizes new energy projects, it cannot solve the problem of grid connection and consumption, and energy storage has become a rigid demand. Combined with the downward trend in battery costs and the pressure of power grid regulation, breaking through 100 GWh by 2030 is not a blind expansion, but an inevitable result of energy transformation. Editor/Cheng Liting

The largest pumped storage power station in Northeast China has started construction

Recently, the main project of the Taizihe Pumped Storage Power Station, which China Energy Engineering Gezhouba Group participated in, has officially started construction. The three core control projects of the lower reservoir, underground powerhouse, and tailwater system have been simultaneously launched. The power station is located in Benxi, Liaoning Province, with a total installed capacity of 1.8 million kilowatts and an annual power generation of 3.614 billion kilowatt hours. It is one of the largest pumped storage power stations in Northeast China and a key project of the 14th Five Year Plan of the National Energy Administration. After completion, it will undertake tasks such as peak shaving, valley filling, energy storage, and frequency regulation, providing strong support for the development of new energy in Liaoning and the safe and stable operation of the power grid. Editor/Cheng Liting

Europe's largest liquid flow energy storage project starts construction

On June 22, 2026, the 800MW liquid flow energy storage project in Laufenburg, Switzerland was launched, integrating computing power and heating to build a zero carbon hub and help stabilize the European power grid.Editor/Gao Xue

BP initiates the first production of ACG gas field

On June 22, 2026, BP launched its first commercial natural gas production at the ACG gas field in the Caspian Sea. The recoverable reserves of this gas field are about 4 trillion cubic feet, which will help Azerbaijan expand its energy supply to Europe.Editor/Gao Xue

Hydrogen corridor selected as a case study in Chongqing

On June 22, 2026, the hydrogen corridor of the Western Land Sea New Corridor was selected as a typical case of green and low-carbon in Chongqing. This line connects 10 cities in 3 provinces and has operated over 8000 trains, promoting the integration of hydrogen energy logistics and international trade.Editor/Gao Xue

The first TIR assembly center in Manzhouli is under construction

The Manzhouli TIR Assembly Center has recently started construction, covering an area of 140000 square meters with a total investment of 150 million yuan. It is the first specialized TIR assembly center in Inner Mongolia. The project is located in the Manzhouli Digital Land Port Smart Hub Park. After completion, it is expected to handle an annual capacity of 500000 tons of TIR cargo and 100000 standard containers for distribution, with a 40% increase in customs clearance efficiency and a 15% reduction in logistics costs, promoting the transformation of the port from a traditional transit channel to a smart logistics hub. Editor/Cheng Liting

Dalat to Mengxi kV project starts construction

On June 18, 2026, the Inner Mongolia Dalate to Mengxi 1000 kV AC transmission and transformation project officially started construction, with a total investment of approximately 4.169 billion yuan, and is planned to be put into operation in December 2027. The project is invested and constructed by State Grid Corporation of China, with Inner Mongolia Electric Power Group responsible for on-site management. The content includes the construction of a new Dalate 1000 kV substation, expansion of Mengxi Station, construction of approximately 250 kilometers of double circuit transmission lines, and temporary relocation of a 500 kV line. Editor/Cheng Liting

China's high-altitude mountain wind power project put into operation

On June 19, 2026, the first batch of units in the expansion project of Datang Julongliang Wind Farm, the largest single unit capacity high-altitude mountain wind power project in China, were successfully connected to the grid for power generation, marking a new breakthrough in the large-scale application of large capacity wind turbines in high-altitude and high-altitude scenarios.Editor/Gong Ziwei

Significant breakthrough in intelligent mining of thin coal seams in China

Recently, China Coal Technology Ningxia Tiandi Benniu Industrial Group Co., Ltd. released key technologies and complete sets of equipment for high mining of thin coal seams, marking a major breakthrough in intelligent mining of thin coal seams in China. Due to the high mining height and narrow space, thin coal seam mining has long faced difficulties such as high labor intensity, low automation level, and poor economic benefits. This set of equipment has successfully solved the pain points of low efficiency, poor equipment adaptability, and high manual safety risks of traditional oblique cutting. Its promotion and application will effectively release the potential of thin coal seam resource mining and promote the transformation of the coal industry towards safety, efficiency, intelligence, and green direction.Editor/Gong Ziwei

HCC wins the Bodanwangchu water flow project

Hindustan Construction Company recently won a $0.133 million contract from Bhutan Wangchu Hydropower Co., Ltd. to be responsible for the construction of diversion tunnels, hydraulic machinery gates, and cofferdams, with a construction period of nine months. The project aims to promote the early commencement of the main project of Wangchu Hydropower. Bhutan is promoting hydropower expansion according to the 13th Five Year Plan, with the goal of increasing the installed capacity to 6000MW. Wangchu Hydropower has been deeply rooted in Bhutan for over 30 years and has participated in multiple large-scale hydropower projects such as Tala, Kurichu, and Punasanchu, making it a core participant in local hydropower development. Editor/Cheng Liting

Sino Australian school enterprise develops indium free stacked photovoltaic cells

On June 19, 2026, the team of Professor Zhang Xiaohong and Professor Yang Xinbo from Soochow University, together with Monash University in Australia and several photovoltaic companies, jointly developed a new type of indium free stacked photovoltaic cell with a photovoltaic conversion efficiency of over 30%, which is expected to gradually promote the photovoltaic industry to get rid of indium, an expensive rare metal. The international academic journal Science published relevant research results online on the 19th.Editor/Gong Ziwei

Dange Specialty Fertilizer raises $600 million in financing

African financial companies provide $600 million in financing to Dangote's $7 billion fertilizer project, accelerating capacity expansion in Nigeria and Ethiopia.Editor/Gao Xue

Renewable projects in Australia surge to 32 gigawatts

The pipeline of clean energy projects in Australia surged to 32277 megawatts, with a record increase of 8315 megawatts per week, but the conversion of construction is lagging behind, with a shortfall of nearly 25 gigawatts.Editor/Gao Xue

Baicheng Wind Power won the bid

The consortium of China Energy Engineering Heilongjiang Institute won the bid for the Taonan 100000 kW wind power project for 443 million yuan, intensifying the competition in the Northeast new energy market.Editor/Gao Xue

Chinese enterprise wins 900MW Ningxia photovoltaic project with 900 million yuan

China Power Construction Corporation has announced the candidates for the EPC bidding of two major photovoltaic composite projects with a total capacity of 900MW in Lingwu, Ningxia. The total bid amount is about 903.7 million yuan, and the cost per watt is about 1.004 yuan. The consortium of China Electric Power Construction Qinghai Institute, China Construction Third Engineering Bureau, and China Hydropower Tenth Engineering Bureau will take on two first places. The project is located in the Lingwu Gobi Desert, with a new technology demonstration test zone. It will start construction in July 2026 and be fully connected to the grid by the end of December, with a tight schedule. The contractor is responsible for the full cycle EPC and most of the land coordination work. The consortium of state-owned enterprises relies on design and construction advantages to control costs. After the power station is completed, it will be connected to the Ningxia high-voltage main network for external transmission of green electricity, helping local consumption indicators and the transmission of electricity from the west to the east.Editor/Gong Ziwei

Myanmar President visits China to deepen cooperation in energy and economic sectors

At the invitation of the President of the People's Republic of China, Myanmar President Myint Aung Hlaing will pay a state visit to the People's Republic of China from June 15 to 19, 2026. The statement states that both sides agree to continue to leverage the role of the China Myanmar oil and gas pipeline, steadily promote power interconnection, and explore the construction of an economically and environmentally sustainable energy partnership. Both sides agree to implement a direct settlement mechanism between RMB and Burmese kyat to promote trade, and support strengthening trade and investment cooperation in areas of common interest such as agricultural product processing, oil, and energy.Editor/Gong Ziwei

The Chairman of Abu Dhabi Energy Authority leads a delegation to China for negotiations

Abu Dhabi has introduced an energy development plan, with an annual increase of no less than 3 million kilowatts of photovoltaic installed capacity. The focus is on promoting cooperation in areas such as fast charging, energy storage, and energy AI, with the hope of completing technology transfer and strengthening local industries through cooperation. The installed capacity of renewable energy in the United Arab Emirates currently exceeds 7.7GW, and the total amount of projects under construction will exceed 23GW after completion in 2031. China Power Construction has signed the world's first all-weather power supply and solar energy storage project in the local area. Chinese enterprises have outstanding advantages in technology, production capacity, cost and other aspects, which can complement the UAE's capital and market resources. The space for new energy cooperation between the two sides is vast.Editor/Gong Ziwei