Macro

16:54 2024.05.10

The key investment projects of Hebei in 2024 with foreign invment were released

On May 10, Hebei Development and Reform Commission announced the key investment projects of Hebei Province in 2024, sorting out and planning 100 key investment projects of foreign investment, with a total contract investment of 22.66 billion US dollars, and the proposed use of foreign investment of 13.5 billion US dollars. There are a total of 13 new energy projects, including photovoltaic projects: Qinhuangdao Haigang District solar photovoltaic automatic intelligent equipment Park, Langfang economic development District photovoltaic glass production project, Tangshan City Qianxi County 150MW mountain photovoltaic power generation project. Editor/Xu Shengpeng

16:54 2024.05.10

China-france cooperation erupts! New energy companies signed a heavyweight order

Recently, the sixth meeting of the China-France Business Council was held in Paris. During the meeting, Chinese and French business representatives held discussions on three topics: industrial innovation and mutual trust and win-win, green economy and low-carbon transformation, new quality productivity and sustainable development, and put forward suggestions on further deepening China-France economic and trade cooperation. After the closing ceremony, Chinese and French companies signed a number of cooperation agreements in finance, nuclear energy, aviation, manufacturing and new energy. Among them, there is a lot of cooperation in the green low-carbon and new energy industry. Judging from the content of the agreement, China and France are expanding from traditional energy, nuclear power and aviation to new energy and green technology industries. For example, EDF and State Power signed the "Green hydrogen Energy, integrated smart energy services and third-party market cooperation Agreement", including hydrogen production, installation of photovoltaic panels in Saudi Arabia and maintenance of low-energy public lighting in Wuhan. Sinopec and Total Energy have signed a strategic cooperation agreement to deepen their cooperation in the field of low-carbon energy. The strategic cooperation agreement aims to further develop the partnership between the two companies and seize new opportunities by leveraging their respective expertise, with the two companies planning to collaborate on research and development in the areas of biofuels, green hydrogen, CCUS and decarbonization. After building France's first green battery gigafactory for Renault in Douai, Vision Power, a subsidiary of Vision Technology Group, is working with Suez to create a zero-carbon battery industrial park in France. The program covers a variety of areas such as renewable energy supply, battery material production and recycling, and digital intelligence platforms. Vision also signed a comprehensive cooperation agreement with French industrial engineering leader Fives Group. Fives and Vision will give full play to the advantages of both sides to promote cooperation in the fields of hydrogen energy, battery equipment and digital intelligence. Xiamw New Energy, a subsidiary of Xiamen Tungsten Holding, signed the "Agreement on the Establishment of a comprehensive strategic Partnership in the battery Industry" with ORANOSA, France, aiming to strengthen the partnership between the two parties in the production of positive electrode materials for electric vehicle batteries. Schneider Electric and Star Charging signed a memorandum of understanding to establish a super green joint venture to install electric vehicle charging stations and energy storage equipment in Europe, among other things. Today, France is promoting "re-industrialization" based on green innovation, and China is also accelerating the development of new quality productivity. At the moment when the global energy transition is accelerating, the new energy industry, as a key cooperation content between China and France, has a great potential to explode in the future. Editor/Xu Shengpeng

16:57 2024.05.09

Chongqing approved five wind power projects

The recently released "Jiangsu Province Carbon peak carbon neutral pilot construction plan" pointed out that the two-stage goal of carbon peak carbon neutral pilot construction: by 2025, the pilot construction work has made positive progress, and the initial formation of a number of operable, replicable and scalable innovative measures and reform experience; By 2030, remarkable progress will be made in various pilot projects for green and low-carbon transformation, key tasks, projects and reforms will be completed on schedule, and breakthroughs will be made in the application of green and low-carbon technologies. Editor/Xu Shengpeng

16:57 2024.05.09

Qinghai has optimized the allocation of clean energy in 15 provinces and cities

It was learned from the State Grid Qinghai Provincial Electric Power Company that in order to promote the high-level consumption and large-scale transmission of clean energy, Qinghai accelerated the integration into the national unified large market construction, explored the cross-provincial and cross-regional new energy power trading mechanism, and used the large power grid to dock with 15 provinces and cities such as Shandong, Chongqing, Shanghai, Henan, Jiangxi, etc., to achieve the optimal allocation of clean energy in Qinghai. Non-water renewable energy power consumption responsibility weight ranked first in the country. Editor/Xu Shengpeng

16:57 2024.05.09

Encourage enterprises to use photovoltaic and other clean energy

On May 8, the Ministry of Industry and Information Technology publicly solicited comments on the standard conditions and announcement management measures for the lithium battery industry (draft for comment). It is pointed out that enterprises are encouraged to adjust the energy use structure, use clean energy such as photovoltaic, build and apply industrial green microgrids, carry out research on the application of energy-saving technologies, formulate energy-saving rules and regulations, develop energy-saving commonalities and key technologies, and promote energy-saving technology innovation and achievement transformation. Editor/Xu Shengpeng

16:49 2024.04.25

Anhui Province "wind power to the countryside" red head document issued!

Recently, the Anhui Provincial Development and Reform Commission, the Anhui Provincial Energy Bureau, and the Anhui Provincial Department of Agriculture and Rural Affairs jointly issued the "Notice on printing and distributing the overall plan for the Rural Revitalization Project of Wind Power in Anhui Province", which clearly stated that the collective economic organizations of villages with a collective economic operating income of less than 200,000 yuan in 2022 in the province (hereinafter referred to as "low-income villages"). According to the 500 kW standard of each village, the construction scale of rural revitalization wind power projects is configured, and the implementation is unified by the county as a unit. The province plans to implement the installed capacity of rural revitalization wind power projects of about 2 million kilowatts, and strive to be completed and put into operation by the end of 2026, and increase the annual income of each low-income village by 50,000 yuan or more after completion. Editor/Xu Shengpeng

16:58 2024.04.15

The three provinces generate more than 20% of thetricity from nuclear power

In Fujian, Liaoning and Hainan, nuclear power generation accounts for more than 20%, with 27.3%, 23.4% and 22.7%, respectively. The "China Nuclear Energy Development Report (2024)" (hereinafter referred to as the "Report") released by the China Nuclear Energy Industry Association on April 15 shows that in 2023, China's commercial nuclear power units will continue to maintain safe and stable operation, and the number of commercial nuclear power units will increase by 2 units throughout the year, reaching 55 units, with a rated installed capacity of 57.03 million kilowatts, ranking third in the world; The annual average utilization hours of nuclear power equipment was 7,661 hours, and the nuclear power generation was 433.4 billion KWH, ranking second in the world, accounting for 4.86% of the country's cumulative power generation, and the annual equivalent emission reduction of about 340 million tons of carbon dioxide, of which Fujian, Liaoning and Hainan nuclear power generation accounted for more than 20%, 27.3%, 23.4% and 22.7% respectively. In terms of operation performance, according to Wang Yiren, chief expert of the "China Nuclear Energy Development Report" and former deputy director of the China Atomic Energy Authority, in 2023, a total of 33 units in China reached full marks in the comprehensive index of the World Nuclear Power Operators Association, and the full marks ratio and the average comprehensive index rank among the top in the world. Editor/Xu Shengpeng

16:26 2024.04.09

Qinghai opened a new mode of one-stop grid-connected services for new energy

On April 8, the State Grid Qinghai Power Company announced that their independently developed new energy and electrochemical energy storage full process grid-connected management system has been officially put into operation. This system marks the opening of a new era of one-stop grid-connected services for new energy, and will provide solid technical support for Qinghai to build a national clean energy industry highland. It is reported that the development of the system began in November 2023, and the functional test of the system was completed by the end of February 2024, and it was successfully launched in March. The system is born under the background of abundant energy resources and rapid development of new energy in Qinghai. By the end of March, the total installed power capacity of Qinghai Province reached 55.68 million kilowatts, of which the installed capacity of new energy accounted for 38.79 million kilowatts, accounting for 69.67%. At the same time, the new energy generation accounted for 51.29% of the total power generation, indicating the important position of new energy in Qinghai's energy structure. Zhang Zhen, deputy director of the hydropower and new Energy Department of the Qinghai Power Regulation Center of the State Grid, said that the online operation of the new system will greatly reduce the management and compliance pressure brought by large-scale network connection of new energy and energy storage projects. All newly accepted new energy grid-connected projects will be handled online to achieve the service goals of "not running once" and "One Netcom Office". The project owner only needs to log in to the system and input relevant information to start the grid connection work, which greatly reduces the link of offline submission of paper materials and circulation approval. This not only improves the efficiency of examination and approval, but also effectively avoids problems such as incomplete submission of data, unclear filling and loss of paper data. At present, through this system, Qinghai Power Grid has accepted a total capacity of 700 thousand kilowatts of new energy grid-connected projects. It is expected that within this year, nearly 15 million kilowatts of new energy will be added to the grid. The successful application of this system will further promote the development of Qinghai's new energy industry and help Qinghai build a national clean energy industry highland. Editor/Xu Shengpeng

17:06 2024.04.08

The second batch of major projects in Anhui invested 320 billion yuan

The reporter learned from the provincial Development and Reform Commission on April 1 that the province's second batch of major projects to start mobilizing a total of 415, with a total investment of 320,840 million yuan. This round of construction and mobilization projects has higher quality, tighter integration with industry, and more concentrated factor resources, which will inject new impetus into the province's economic growth and cultivate new quality productivity. According to reports, the investment volume of this batch of projects is large, 15 projects above 3 billion yuan, of which 8 projects above 5 billion yuan; The average investment scale of single projects was 770 million yuan, an increase of 11.9%. Continued to gather to emerging industries, 300 industrial projects, with a total investment of 224.29 billion yuan, annual planned investment of 53.36 billion yuan, accounting for 71% of the annual planned investment of the second batch of projects to start, of which 252 projects in emerging industries, accounting for 60.7% of the number of projects to start mobilization. It is worth noting that the total investment of the first automotive industry project is more than 40 billion yuan, of which the representative is the Hefei Mass Science and Technology Research and Development Center Phase III project with a total investment of 2 billion yuan. At the same time, a large number of major infrastructure and social livelihood projects were launched at a faster pace. In this round of projects, 69 projects in the field of infrastructure, with a total investment of 67.75 billion yuan, and an annual planned investment of 15.44 billion yuan, such as the Changxing to Gaochun Highway Xuancheng section with a total investment of 9.99 billion yuan. A total of 28.81 billion yuan was invested in 46 projects related to social and people's livelihood. Editor/Xu Shengpeng

17:28 2024.04.02

A number of local wind power projects will be built in the county's rural areas

The National Development and Reform Commission released news on the 1st, the National Development and Reform Commission, the National Energy Administration, and the Ministry of Agriculture and Rural Affairs organized the "thousands of villages and villages to control the wind action", and proposed that during the "14th Five-Year Plan" period, in the counties (cities, districts, flags) with the conditions, the village as a unit, to build a number of local development and utilization of wind power projects. Wind control action is clear, the completed wind power project in principle each administrative village does not exceed 20 MW, while exploring the formation of "village enterprise cooperation" wind power investment and construction of a new model and "co-construction and sharing" income distribution mechanism, to promote the construction of "village wind power, collective income, villagers benefit" wind power development and utilization of a new pattern. The action is clear in accordance with the territorial spatial planning, does not involve permanent basic farmland, ecological protection red line, nature protection and national desertification land prohibited protection areas, under the premise of making full use of rural scattered non-arable land, in accordance with the law and regulations to handle the "thousands of villages wind control Action" wind power project land. According to reports, wind energy resources in China's rural areas are rich and widely distributed. Making full use of scattered land in rural areas and promoting the local development and utilization of wind power according to local conditions is of great significance for strengthening the village collective economy, helping rural revitalization, promoting the green and low-carbon transformation of rural energy, and achieving carbon peak and carbon neutrality. Editor/Xu Shengpeng

17:33 2024.03.21

Huizhou Daya Bay Development Zone 30 projects started

Recently, the groundbreaking ceremony for the 2024 Huizhou Daya Bay Economic and Technological Development Zone (hereinafter referred to as "Daya Bay Development Zone") industrial project was held. At the ceremony, 30 projects started concentrated, with a total investment of about 25.1 billion yuan, reaching a total output value of about 48.3 billion yuan. Daya Bay Development Zone is a five-star national demonstration base for new industrialization industries, which has ranked first in the "Top 30 Chemical Parks in China" for five consecutive years, and achieved a planned industrial output value of 335.71 billion yuan last year. At present, the Daya Bay Development Zone is building a petrochemical industrial park with high standards, making every effort to promote the construction of a 100-billion-level emerging industrial park, and striving to build the Daya Bay Emerging Industrial Park into a regional science and technology innovation center and high-tech industrial cluster in the Guangdong-Hong Kong-Macao Greater Bay Area. Focusing on strengthening the chain, the Daya Bay Development Zone has increased its efforts to attract investment, continuously optimized the business environment, launched customized approval, improved service efficiency, and realized that the project can start immediately after taking the land. In the concentrated construction projects, mainly involved in electronic information, new energy storage industry, petrochemical industry and other fields. Many investors have core technologies in their respective segments and are in a leading position in the industry. Editor/Xu Shengpeng

17:33 2024.03.21

Jiangmen signed 201 projects in the first quarter

On March 18, Jiangmen City to promote the construction of new industrialization manufacturing strong city and enterprise high-quality development conference was held. This is the second consecutive year after last year, Jiangmen held a high-level enterprise high-quality development conference, once again in the name of a city, to pay the highest respect to private enterprises. Jiangmen announced that 201 projects were signed in the first quarter of this year, with a total investment of nearly 106 billion yuan; 162 projects have been started, with a total investment of over 88 billion yuan. 160 projects have been put into operation, with a total investment of over 55 billion yuan. It is reported that the investment target of Jiangmen this year is to introduce project investment of more than 200 billion yuan throughout the year, and the investment of manufacturing projects accounts for no less than 80%. At the meeting, Jiangmen was awarded the national green factory, the national "specialized and special new" small giant, the provincial individual champion enterprise, the provincial "chain master" enterprise, and the municipal key laboratory, releasing the signal that Jiangmen continues to promote the mutual promotion of industry and science and technology, transform existing productivity with science and technology, and promote new quality productivity. Editor/Xu Shengpeng

17:36 2024.03.14

Gulf states are pouring money into Iraq

Twenty years after the Iraq War, Saudi Arabia, the United Arab Emirates, Qatar and other Gulf countries have for the first time invested billions of dollars in housing and other sectors in Iraq, setting off an investment boom in Iraq. Saudi Arabia says it has invested more than $5 billion in various sectors in Iraq, particularly housing projects in Baghdad. Saudi Arabia's sovereign wealth fund, PIF, said it would set up a $3 billion investment arm in Iraq that would cover infrastructure, mining, agriculture, real estate development and financial services. The Saudi ambassador to Iraq said that Iraq's "Baghdad Avenue" project is the largest Saudi investment project in Iraq, the investment scale of about 1 billion dollars, will build shopping malls, 4,000 apartments and 2,500 villas. The United Arab Emirates, the first Gulf country to invest in Iraq, said it was optimistic about real estate projects in the Iraqi capital Baghdad and would expand its investment in Iraq. The UAE company Emaar plans to invest $3 billion in housing projects in Baghdad. Qatar is investing in the Baghdad housing project in a public-private partnership of an unspecified size, and said it would increase its investment in Iraq. Iraqi government officials said Baghdad will have 10 real estate projects announced in the future, with an initial estimate of about $15 billion worth of projects, which are backed by investment from Saudi Arabia and other Gulf countries. Editor/Xu Shengpeng

17:30 2024.03.13

In the first two months, the railway completed investment in fixed assets

On March 9, it was learned from China National Railway Group Co., LTD. (hereinafter referred to as the "National Railway Group") that in the first two months of this year, the national railway fixed asset investment completed 65.2 billion yuan, an increase of 9.5% year-on-year, high-quality and efficient railway construction was promoted, the construction of key projects was progressing smoothly, and the construction of railway modernization infrastructure system was accelerated. The person in charge of the relevant departments of the National Railway Group introduced that since the beginning of this year, the National Railway Group has scientifically coordinated the construction resources, rationally optimized the construction organization, strengthened safety and quality control, and promoted the construction of railway projects with high quality. The construction of 138 work sites in 40 key projects, including the Chongqing-Kunming high-speed railway and the Xi 'an to Chongqing high-speed railway, continued during the Spring Festival holiday, and other projects resumed work immediately after the holiday. Editor/Xu Shengpeng

17:35 2024.03.12

Globally, government renewable energy tenders will add 137GW in 2023

Research firm Wood Mackenzie recently released a research report pointed out that through government tenders, the world will install 137GW of renewable energy generation capacity in 2023. In the 2023 government tender, photovoltaic systems remained the most successful renewable energy source, but its share of total installed renewable energy capacity fell from 59 percent to 44 percent. The company expects government tenders in 2024 to reach at least 2023 levels. In last year's government tender, photovoltaic systems were the most successful renewable energy sources. The Asia-Pacific region received two-thirds of the world's government procurement contracts, or about 90GW. China allocated more than 55GW of renewable energy through 49 tenders. India has allocated 20GW of renewable energy in 55 renewable energy tenders. Germany was the largest player in Europe, allocating 19GW of renewable energy through 11 rounds of tenders. Wood Mackenzie predicts that by 2024, government tenders will drive the installation of 102GW of renewable energy generation facilities worldwide, including more than 60GW of offshore wind. The company expects renewable capacity to continue to grow over time, eventually reaching 2023 levels. Editor/Xu Shengpeng

17:41 2024.02.29

The Beijing-Tianjin-Hebei region reldinated energy development

Recently, the Beijing-Tianjin-Hebei Coordinated Energy Development Action Plan (hereinafter referred to as the "Action Plan") jointly prepared by the Beijing-Tianjin-Hebei Development and Reform Commission was officially issued. The goal of the action plan is to build a clean, low-carbon, safe and efficient, open and cooperative regional energy system by 2025, and provide solid and reliable energy guarantee for jointly building a pilot zone and demonstration zone of Chinese-style modernization. The action plan sets out six main tasks. It includes promoting energy infrastructure connectivity in a coordinated manner and building a pilot zone for the construction of a smart energy system; Jointly cultivate green and low-carbon energy consumption models and build demonstration zones for energy consumption revolution; Build a clean and diversified energy supply system in a coordinated manner, and develop a secure, stable and reliable regional energy supply pattern; Jointly build an efficient integrated energy innovation system, and build a number of key demonstration zones with high quality; Jointly establish a fair and open energy mechanism and build a business environment for integrated regional energy development; We will jointly carry out multi-level and multi-field energy cooperation and promote high-quality energy development in the Beijing-Tianjin-Hebei region. Editor/Xu Shengpeng

17:29 2024.02.19

Eight new energy projects were scrapped in Inner Mongolia

Recently, the Inner Mongolia Energy Bureau issued the "Announcement on the abolition of the second phase of the new energy" in the region. In order to fully implement the market-oriented new energy project "can enter, can exit" mechanism, enterprises can at any time declare market-oriented new energy projects, can also apply at any time to abolish the approved but difficult to promote market-oriented new energy projects, to avoid the new energy projects that cannot be implemented to occupy land and other resources. According to the work arrangement, the market-oriented grid-connected new energy projects abolished in the league cities from November 1, 2023 to January 31, 2024 were announced, and a total of 1.77GW of new energy projects were abolished. Editor/Xu Shengpeng

16:45 2024.02.06

IEA: The global renewable energy installed capacity in 2023 is nearly 510GW

In a recent groundbreaking report, the International Energy Agency (IEA) said that the world will install nearly 510GW of renewable energy capacity in 2023, a 50% surge compared to the previous year. This growth was primarily driven by the rapid growth of photovoltaic systems installed worldwide, which accounted for three-quarters of new renewable energy capacity installed worldwide. China has become a global renewable energy powerhouse, with as much installed PV system capacity in 2023 as will be installed worldwide in 2022, while wind power installations soared 66% year on year, showing impressive growth. Europe, the United States and Brazil also experienced record high growth in installed renewable energy capacity. The Renewable Energy 2023 Report, published by the International Energy Agency, is the first comprehensive assessment report released after the COP28 climate conference. According to the report, under current policies, the cumulative installed capacity of renewable energy generation facilities worldwide is expected to reach 7,300GW by 2028. This forecast shows that photovoltaic systems and wind power are the main contributors to the growth of global renewable energy installed capacity, accounting for 95%. Notably, by early 2025, renewable energy is expected to overtake coal as the world's main source of electricity. However, despite this significant progress, further efforts are needed to achieve the goal of tripling installed renewable energy capacity by 2030. Editor/Xu Shengpeng

16:45 2024.02.06

Finland lifts emergency planning zone restrictions for nuclear power plants

The new regulations of the Finnish Radiation and Nuclear Safety Authority (STUK) no longer require a 5 km preventive action zone and a 20 km emergency planning zone around all nuclear power plants, but instead adopt a method of determining the protection zone based on a site-specific situation analysis and will be implemented from February 1, 2024. Under the new rules, applicants for nuclear power plant licenses must separately explain to regulators each time what protected areas are needed to ensure safety, on a case-by-case basis. Under the new regulations, people and the environment must remain safe. When determining the size of the Preventive Action Area (PAZ), it should be demonstrated that in the event of an accident, the radiation dose of an unprotected person outside the PAZ will not exceed 1 Sv for 10 hours after the start of irradiation. When determining the size of the Emergency Planning Area (EPZ), it should be demonstrated that in the event of an accident, the radiation dose of an unprotected person outside the EPZ will not exceed 10 mSv for 48 hours after the start of irradiation. The maximum distance of the EPZ can be limited to 20 km. The new rules apply to all potential nuclear power plants. For the much-watched small modular reactors, the change means plants can be built closer to residents than under the old regulations if their safety can be demonstrated. Editor/Xu Shengpeng

17:10 2024.01.31

The installed capacity of solar power generation exceeded 600 million kW

The "2023-2024 National Electricity supply and Demand Analysis and Forecast Report" (hereinafter referred to as the "Report") released by the China Electricity Council on the 30th shows that: as of the end of 2023, the installed capacity of the national full-caliber power generation capacity of 2.92 billion kilowatts, an increase of 13.9%. Per capita installed power generation capacity exceeded 1 kW/person at the end of 2014, and exceeded 2 kW/person for the first time in 2023. The share of coal power installed capacity fell to 39.9%, falling below 40% for the first time. The first time that the share of coal power installed capacity fell below 50% was at the end of 2020. In 2023, the green and low-carbon transformation trend of the power industry will continue to advance, and the development of new energy will achieve "three consecutive jumps". First of all, the total installed capacity of grid-connected wind power and solar power generation in the country has continuously broken through the 800 million kilowatts, 900 million kilowatts and 1 billion kilowatts from the end of 2022, and reached 1.05 billion kilowatts by the end of 2023, accounting for 36% of the total installed capacity, an increase of 6.4 percentage points year-on-year. Among them, the installed scale of grid-connected solar power generation increased from 390 million kilowatts at the end of 2022 to 610 million kilowatts at the end of 2023. Looking at investment, in 2023, the key survey enterprise power investment increased by 30.1% year-on-year, of which non-fossil energy power generation investment increased by 31.5% year-on-year, accounting for 89.2% of power investment. Investment in solar power, wind power, nuclear power, thermal power and hydropower increased by 38.7%, 27.5%, 20.8%, 15% and 13.7%, respectively. Editor/Xu Shengpeng

17:55 2024.01.30

China's investment and cooperation in the Belt and Road Initiative in 2023

In 2023, Chinese enterprises invested 224.09 billion yuan in non-financial direct investment in countries jointly building the Belt and Road, an increase of 28.4% over the previous year (US $31.8 billion, an increase of 22.6%). In terms of foreign contract projects, Chinese enterprises signed 1,600.73 billion yuan of new contract projects in jointly building countries under the Belt and Road Initiative, an increase of 10.7% (US $227.16 billion, an increase of 5.7%). Turnover was RMB930.52 billion, up 9.8% (US $132.05 billion, up 4.8% in US dollars). Editor/Xu Shengpeng

17:19 2024.01.26

By 2023, 269 billion yuan will be invested in major projects in Gansu

The reporter learned from the Gansu Provincial Development and Reform Commission that in 2023, Gansu will focus on stabilizing investment and promoting growth on recruiting large projects and building large projects, forming a good situation of accelerating project construction, increasing investment, and accelerating development quality and efficiency. The major projects in 287 provinces in the province completed the annual scheduling target of 251.1 billion yuan one month ahead of schedule, and the annual investment was 269 billion yuan, with the annual planned investment completion rate of 107%. In order to make good project planning, Gansu province in accordance with the work idea of "doing this year, thinking about next year, and preparing for the next year", focusing on the "Belt and Road" initiative, the promotion of western development in the new era, ecological protection and high-quality development of the Yellow River Basin and other national strategies, planned a number of major projects that are strong foundation, long-term management, and benefit the overall situation and carried out preliminary work in advance. And timely issued the "Gansu Provincial Major Project Investment Plan in 2023", including 287 projects, a total investment of 1.6 trillion yuan, the annual

17:18 2024.01.26

China is ready to carry out cooperation on major projects with Uzbekistan

The two heads of state announced that China and Ukraine have decided to develop an all-weather comprehensive strategic partnership for a new era and promote the building of a China-Ukraine community of shared future from a higher starting point. China and Uzbekistan share similar development goals and concepts. The two sides can actively synergize the eight initiatives China has taken to support high-quality Belt and Road cooperation, tap the potential of traditional cooperation, implement the medium - and long-term cooperation plan on economy, trade and investment, introduce more investment and trade facilitation measures, and expand cooperation in infrastructure and agricultural high-tech parks. China is willing to import more quality products from Uzbekistan. The two sides should launch the construction of the China-Kyrgyzstan-Uzbekistan railway project at an early date, advance "hard connectivity" and "soft connectivity" simultaneously, and build a three-dimensional connectivity network to help Uzbekistan transform from a land-locked country to a land-linked country. China is willing to expand cooperation with Uzbekistan on the whole industrial chain of new energy vehicles and carry out cooperation on major projects such as photovoltaic, wind power and hydropower, so as to support Uzbekistan's green economy development strategy and promote sustainable development. The two sides also need to actively carry out poverty reduction cooperation, expand and deepen local cooperation, and build more projects to benefit the people. Editor/Xu Shengpeng

17:38 2024.01.25

By 2023, global renewable energy capacity will increase by 510 million kilowatts

On January 25, the National Energy Administration held a press conference, and Pan Huimin, deputy director of the Department of International Cooperation, said that China plays a pivotal role in the development of global clean energy. According to the latest data, in 2023, the global renewable energy installed capacity of 510 million kilowatts, of which China's contribution of more than 50%. China has become an indispensable force in the world's clean energy development. In terms of investment, overseas clean energy investment by Chinese enterprises has spread across major countries and regions, covering wind power, photovoltaic power generation, hydropower and other major fields, which has strongly supported the green and low-carbon energy development of relevant countries on the basis of mutual benefit and win-win results. In terms of industry, China continues to promote technology and product innovation to actively integrate into the global clean energy industry chain, and constantly share high-quality clean energy products with the world. At present, China's wind power and photovoltaic products have been exported to more than 200 countries and regions around the world, with cumulative exports exceeding US $33.4 billion and US $245.3 billion, respectively. The International Renewable Energy Agency report pointed out that in the past decade, the average kilowatt-hour cost of global wind power and photovoltaic power generation projects has decreased by more than 60% and 80%, respectively, which is largely attributed to Chinese innovation, Chinese manufacturing and Chinese engineering. While supporting the development of global clean energy, China welcomes enterprises from all over the world to invest and do business in China, and continues to build a market-oriented, law-based and internationalized business environment to jointly promote the development of clean energy and advance the global energy transformation. Editor/Xu Shengpeng

17:38 2024.01.25

2023 solar company financing reached the highest level in 10 years

According to Mercom Capital Group's latest report on financing and mergers and acquisitions (M&A) activity in the solar industry, solar companies raised $34.3 billion in corporate financing last year, the largest amount in a decade. The total amount raised came from 160 deals, an increase of 42% compared to 2022 (175 deals raised a total of $24.1 billion). Last year, funding from private markets reached $7.4 billion, up 45 percent from the previous year and the second-highest figure since 2013. At the same time, solar companies raised $20 billion in debt financing, up 67 percent from last year and the highest level in the past decade. Mercom Capital Group said securitization activity was the main contributor to the financing, raising a total of $3.4 billion from 11 deals. Funding from solar venture capital activity fell 1% from last year, with 69 deals raising $6.9 billion in 2023. Of this, $4.7 billion (68%) went to 42 downstream solar companies. In addition, solar companies raised $1.9 billion, systems companies raised $311 million, and service providers raised $32 million. Editor/Xu Shengpeng

17:42 2024.01.15

Key wind power projects in Shandong Province were announced

On January 12, the People's Government of Shandong Province issued the Notice on Issuing the List of Major Projects in the Province in 2024. The Notice pointed out that Shandong Province will have eight key implementation projects in 2024, with a total installed capacity of 12,118.5 MW. According to the data, the 510,000 kW offshore wind power project at BW site North of Huaneng Peninsula is the key project to implement the strategic cooperation agreement between Huaneng Group and the Shandong Provincial government. The installed capacity of the project is 510,000 kW, and 60 8.5MW wind turbines are installed. After the completion of the project, the annual power generation is about 1.6 billion KWH, saving 510,000 tons of standard coal, and reducing 1.24 million tons of carbon dioxide, which is of great significance to promote the large-scale development of offshore wind power base in Shandong Province and the construction of a strong Marine province. Editor/Xu Shengpeng

17:13 2023.12.14

2023 national water conservancy construction completed investment hit a new high

"Since the beginning of this year, under the premise of ensuring the quality and safety of the project, the Ministry of Water Resources has made every effort to accelerate the construction of water conservancy infrastructure, and achieved the annual target of completing the investment of more than 1 trillion yuan in the national water conservancy construction one month ahead of schedule, surpassing last year's level and setting a new historical record." On December 12, Chen Min, Vice Minister of Water Resources, introduced the progress of water infrastructure construction at a press conference of the State Information Office, said that from January to November, 27,300 new water conservancy projects were started nationwide, an increase of 2,585 over the same period last year, an increase of 10.5%; Among them, there were 1,879 projects with an investment scale of more than 100 million yuan, 528 more than the same period last year. Data show that from January to November, the national implementation of water conservancy construction investment of 1,156.5 billion yuan, an increase of 0.9%. The national investment in water conservancy projects reached 1,093.8 billion yuan, an increase of 8.5% year on year and exceeding the total investment of the whole of last year. This year, the construction of water conservancy projects in China has accelerated, and a number of major projects have achieved important targets. The country has implemented the reinforcement of 3,628 dangerous reservoirs, the rehabilitation of 999 small and medium-sized rivers, and the construction and modernization of 598 large and medium-sized irrigation areas, improving the ability to provide water supply to 82.13 million rural people, and controlling soil erosion on 12,700 square kilometers of land. From January to November, water conservancy construction created 2.573 million jobs, up 9.1% year on year, and paid 50.48 billion yuan in wages, up 40.6% year on year. Large-scale water infrastructure construction has played an important role in stabilizing growth and employment. Editor/Xu Shengpeng

17:17 2023.12.04

Two departments regulate pumped storage power plants

On December 1, the National Development and Reform Commission, the National Energy Administration issued the "Pumped storage power station development and construction Management Interim measures (draft for comments)" pointed out that the National Energy Administration under the guidance of the National Development and Reform Commission, the development of pumped storage medium and long-term development planning, proposed development goals, main tasks, project layout, construction timing, safeguard measures, etc., to guide the development of pumped storage. The key implementation projects of each five-year planning period proposed in the medium - and long-term development plan are the basic basis for the approval of pumped storage projects in all provinces (autonomous regions and municipalities). Editor/Xu Shengpeng

17:17 2023.10.20

China and Uzbekistan signed an agreement on cooperation in renewable energy

On October 17, Zhang Jianhua, Director of the National Energy Administration authorized by the Chinese government, and Jurabek Mirzamahmudov, Minister of Energy authorized by the Uzbek Government, jointly signed the Agreement between the Government of the People's Republic of China and the Government of the Republic of Uzbekistan on Cooperation in the Field of Renewable Energy in Beijing. According to the agreement, the two sides will further deepen and expand cooperation in renewable energy power generation, the construction and renovation of related supporting power grids, technical equipment, and scientific and technological innovation. Editor/Xu Shengpeng

17:02 2023.10.08

UAE joins hands with Malaysia to build 10GW renewable energy projects by 2025

On October 6, Malaysian Prime Minister Anwar Ibrahim said that the UAE will jointly develop 10 gigawatts of renewable energy projects with Malaysia by 2025, worth US$8 billion. The above-mentioned investment plan is part of a memorandum of understanding signed during a meeting between representatives of the Malaysian Investment Development Authority and Abu Dhabi Future Energy Company (Masdar) in the United Arab Emirates on Thursday. The Malaysian government aims to have 70% of its overall energy installed capacity come from renewable energy sources by 2050. As of the end of March this year, this figure was about 25%. The Malaysian government estimates that 637 billion ringgit ($135 billion) of investment is needed to achieve this goal. Anwar also said that Malaysia and the UAE will concretely advance relevant cooperation through an investment agreement between MIDA and the UAE International Investors Council. Editor/Xu Shengpeng

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