China Energy Engineering Group wins bid for 120 MW wind power project in Oman

In the Jalan Bani Bu Ali area along the eastern coast of Oman, China's wind power technology is facing a critical test. On December 15, 2025, a joint venture under China Energy Engineering Corporation successfully won the bid for a local 120 MW wind power project, with plans to install 16 7.5 MW wind turbines and an estimated annual power generation of 400 million kilowatt hours, which can meet the electricity needs of nearly 100000 households. This is not only another breakthrough for Chinese enterprises in the Oman new energy market, but also a proof of China's wind power equipment's ability to adapt to the high temperature, high humidity, and strong sandstorm environment in the Middle East. The project adopts the joint venture model of China Energy Construction Innovation, integrating the overseas resources of China Electric Engineering International Corporation, the design capabilities of East China Institute, and the construction experience of Hunan Thermal Power, forming a one-stop solution covering the entire industry chain. For Oman, the project will enhance the power supply capacity along the eastern coast and support its energy transformation strategy; For Chinese companies, this is an important milestone in achieving rolling development in the high-end market. Through green energy cooperation, Chinese companies are bringing mature wind power technology and engineering experience to the Middle East, helping optimize the local energy structure while also demonstrating professional responsibility in addressing global climate change. Editor/Yang Beihua

China 20th Metallurgical Group Corporation undertakes steel project

On December 18th, the Changshu Longteng Special Steel High end Marine and Ship Steel Project, constructed by China 20th Metallurgical Group Corporation, officially started construction. The main leaders of Suzhou and Changshu cities, Longteng Special Steel Group, and the person in charge of China 20th Metallurgical Group Corporation jointly attended the groundbreaking ceremony. This project is an important measure taken by Longteng Special Steel in response to the national strategy of building a strong maritime nation and promoting the high-quality development of the shipbuilding equipment manufacturing industry. The project covers an area of 335 acres and will construct core production facilities such as heating furnaces and rolling mills, as well as supporting projects such as a main factory building of approximately 111000 square meters. The annual designed production capacity is 800000 tons. The project mainly produces high-end products such as large-sized marine bulb flat steel and full range of marine L-shaped steel, which precisely meet the core needs of marine engineering ships, engineering machinery and other fields. After the completion of the project, it will fill the production capacity gap in relevant domestic segmented markets and provide strong support for the independent and controllable development of China's high-end equipment manufacturing industry. This construction marks a new stage of deep cooperation between China 20th Metallurgical Group Corporation and Longteng Special Steel in promoting industrial upgrading, demonstrating the joint determination of both sides to serve the national strategy and assist in the high-quality development of the manufacturing industry. Editor/Yang Beihua

Baosteel Packaging has reached a cooperation agreement with Carabao Group in Thailand

Shanghai - The strategic cooperation signing ceremony between China Baowu Baosteel Packaging and Thailand Carabao Group was held at Baoshan Hotel. This cooperation marks the establishment of a deep business collaboration and supply chain partnership between the two parties in Southeast Asia, jointly seizing the growth opportunities of the metal packaging market in the region. According to the cooperation agreement, both parties will fully integrate Baosteel Packaging's existing production capacity network in Southeast Asian countries such as Vietnam, Cambodia, and Malaysia with Carabao Group's strong brand channel resources. Baosteel Packaging stated that with its advanced canning technology, regional production capacity layout, and supply chain synergy advantages, it will form a strong alliance with Carabao Group in Thailand and surrounding markets to further enhance its localized service capabilities. Carabao Group, as a leading brand in the Southeast Asian functional beverage market, has long promoted globally through sports sponsorship and other means. The group stated that this cooperation will rely on Baosteel Packaging's technological strength and regional layout to jointly enhance supply chain efficiency and market competitiveness. This strategic cooperation not only strengthens Baosteel Packaging's layout in the Southeast Asian market, but also provides Carabao Group with a more stable and efficient metal packaging supply chain guarantee, demonstrating the pragmatic promotion and win-win vision of Sino Thai enterprises in regional industrial cooperation. Editor/Yang Beihua

Saudi energy giant ACWA Power raises $5.95 billion in financing

Saudi energy giant ACWA Power has recently successfully completed a total financing of $5.95 billion, which will be used to build seven clean energy projects with a total installed capacity of 15 gigawatts. This financing has attracted the participation of multiple financial institutions including Bank of China, Industrial and Commercial Bank of China, and Minsheng Bank, demonstrating the firm confidence of international capital in Saudi Arabia's energy transformation. The project includes 3 gigawatts of wind power and 12 gigawatts of photovoltaic power stations, distributed in multiple important regions across the country. All projects are planned to be completed and put into operation between 2027 and 2028, reflecting Saudi Arabia's efficient execution in promoting the development of renewable energy. The project adopts a national capital led investment model, with ACWA Power, Saudi Public Investment Fund, and Saudi Aramco jointly holding shares, forming a stable investment structure. This large-scale financing marks a significant shift in Saudi Arabia's energy strategy, as this traditional oil giant is actively entering the green power sector through large-scale clean energy investments. This not only helps Saudi Arabia achieve economic diversification, but may also have a profound impact on the global renewable energy development pattern. Editor/Yang Beihua

African Development Bank financing Algeria strategic railway

Recently, the African Development Bank approved a loan of 747 million euros to support the construction of the first phase of the north-south strategic railway corridor in Algeria. The over 2000 kilometer long railway from Algiers to Tamanrasset has ushered in a new opportunity for comprehensive construction and has also brought new opportunities for Chinese enterprises. The uneven development between the north and south of Algeria, this railway aims to break down transportation barriers and activate the southern economy. The first phase of the project is of great significance, as it will construct numerous bridges and tunnels and be equipped with advanced facilities. Previously, CRCC has demonstrated its outstanding strength in the construction of local desert railways. With the implementation of this loan, Chinese rail transit and engineering enterprises are expected to exert their talents in this round of infrastructure wave by virtue of the advantages of Chinese enterprises and the "the Belt and Road" cooperation. Editor/Cheng Liting

Investment of 1.5 billion yuan, super factory officially settled

Against the backdrop of profound adjustments in global industrial layout, an international industrial giant has chosen to cast a vote of confidence in the Chinese market with a huge investment. On December 9, 2025, ABB Group officially signed an agreement with Nanjing Jiangning Development Zone, announcing the landing of its super factory project here, with a total investment of approximately 1.5 billion yuan. The project will be constructed in two phases, with an estimated annual output value of no less than 2 billion yuan after full production. In the current environment of fluctuating foreign capital flows, ABB's move is seen as a firm commitment to deepening its "China for China" strategy. Since entering the Chinese market in 1994, ABB has grown into a leader in the field of low-voltage transmission in China. Its business is deeply integrated into the Chinese manufacturing industry, especially in the automotive industry, where ABB robot solutions cover the core process from stamping to final assembly. The new super factory is a crucial step in ABB's localization strategy, aimed at introducing globally leading technologies into China and conducting adaptive innovation. Its core product transmission equipment, as the "heart" of industrial automation, is crucial for precise motor speed regulation and energy efficiency optimization. It will directly assist Chinese industries, especially customers in East and South China, in achieving energy conservation, emission reduction, and intelligent manufacturing upgrades. The Nanjing Jiangning Development Zone where the project is located is a national level high-end equipment manufacturing industry cluster, which has gathered over 120 high-end intelligent equipment enterprises. The joining of ABB will effectively strengthen the regional intelligent manufacturing industry chain, form a more significant agglomeration effect, and promote the further improvement and upgrading of China's high-end manufacturing ecosystem. Editor/Yang Beihua

Algeria's steel exports surge

Algeria has long been an energy exporting country, with natural gas exports dominating its trade with Italy. In the first eight months of 2025, natural gas exports to Italy amounted to 5.94 billion euros, accounting for 84% of total exports. But now the export of steel products has emerged as a rising force, with an export value of 121 million euros, a year-on-year surge of 169.6%, surpassing the traditional non energy categories as the strongest engine for Italian export growth. The Algerian steel dream runs through modern history, being plundered during the colonial period, facing difficulties in development after independence, and facing unresolved challenges after market-oriented reforms. In the 2020s, the 2030 Industrial Strategy was launched to restructure and upgrade enterprises, and to overcome bottlenecks in the resource market. Although facing challenges such as low price competition in Europe, domestic resource constraints, technological dependence on imports, and policy uncertainty, the explosive growth of steel exports to Italy has proven the feasibility of the road, and is embedding industrial products into the European supply chain, carrying the dream of economic sovereignty and industrial dignity. Editor/Cheng Liting

Saudi Arabia launches phosphate railway double track renovation

Saudi Arabia recently launched a double track renovation project for a key phosphate railway, which will be tendered in stages to systematically improve transportation capacity. The second phase of the project (approximately 150 kilometers) is scheduled to be tendered in January 2026, connecting Zabila and Ha'il stations, aiming to efficiently connect the production capacity of the northern mining area with the eastern port. The total investment is expected to reach several billion riyals. Previously, the bidding for the first phase of the project (approximately 100 kilometers) had already started in November 2025, and the entire four-year project also includes the bidding for future vehicle depots and system integration. This railway is the core part of the North South railway freight section in Saudi Arabia, crossing the Nefud Desert and directly serving giants such as Saudi mining companies. This upgrade is a key measure for Saudi Arabia to implement its "2030 Vision" and promote economic diversification. It aims to strengthen its dominant position in the global phosphate industry chain by improving logistics efficiency, supporting advanced systems, and promoting localized material production, supporting its transformation from a resource exporting country to an industrial powerhouse. Editor/Cheng Liting

Shenhua Baotou Coal to Olefins Upgrade Project Enters Equipment Installation Stage

In the vast city of Baotou, Inner Mongolia, a landmark project leading the upgrading and development of modern coal chemical industry is emerging. On December 14, 2025, with the successful hoisting and installation of the first synthesis reactor, the Shenhua Baotou coal to olefin upgrade demonstration project with a total investment of 17.15 billion yuan officially entered the installation peak period from the civil engineering stage, laying a solid foundation for the promotion of 2025 and subsequent projects. This project is an upgrade project of the world's first coal to olefin demonstration plant, with a construction scale of producing 2 million tons of methanol and 750000 tons of polyolefin annually. Its core highlight lies in the deep promotion of low-carbon transformation, exploring the integrated development path of coal chemical industry with green electricity, green hydrogen, and green oxygen through coupling with new energy, reflecting the upgrading direction of high-end and diversified industries. The project also shoulders the mission of significant technological self-reliance. It adopts a single furnace daily coal feeding 2000 ton level pulverized coal gasification technology with completely independent intellectual property rights, and for the first time tested a new process for co firing coal chemical wastewater. These innovations are not only exemplary of collaborative innovation in China's modern coal chemical industry chain, but also open up new technological routes for the green and low-carbon development of the entire industry, which has pioneering significance. Editor/Yang Beihua

Yichun's nearly 6000 ton lithium carbonate technological renovation project approved

Against the backdrop of the rebound in demand for lithium carbonate industry, the upgrading of the industrial chain in Yichun, Jiangxi is quietly accelerating. On December 13, 2025, the Ecological Environment Bureau of Yichun City announced the proposed approval for the battery grade lithium carbonate technology renovation project of Jiangxi Huasai New Materials Co., Ltd., marking the substantive stage of a key capacity upgrade plan. This technological upgrade is located in Wanzai Industrial Park, with a total investment of 80 million yuan. By adding carbonization processes to the existing production line, the original industrial grade lithium carbonate production capacity will be upgraded to battery grade products, ultimately achieving an annual output of 5980 tons of battery grade lithium carbonate. This not only enhances the added value of the product, but also further strengthens Yichun's supply capacity as a national lithium material core base. Faced with market price fluctuations and cost pressures, multiple lithium carbonate enterprises in Jiangxi are actively promoting technological transformation. In addition to Jiangxi Huasai, companies such as Yongxing New Energy and Jiangxi Colan Intelligence have also launched production line renovations since 2025, aiming to reduce costs and increase efficiency by optimizing processes and switching raw materials. With the gradual recovery of downstream demand, the industry generally expects a mild rebound in lithium prices in the future, which also provides a key window for the continuous adjustment and upgrading of the lithium mica industry in Jiangxi. Editor/Yang Beihua

The development project of 25MW offshore wind turbines has officially started

China's far-reaching development of offshore wind power has achieved significant technological breakthroughs. On the morning of December 11, 2025, the "Development and Demonstration Application of Offshore Grid type Wind Turbine Equipment" project was officially launched in Dongying Economic and Technological Development Zone, Shandong Province, marking a crucial step for China in the field of independent research and development of large-scale offshore wind power equipment. The core goal of this project is to develop a 25 MW offshore grid type wind turbine with independent intellectual property rights. The project will focus on tackling key technical challenges including grid control of large capacity units, high stability design of 150 meter long blades, and high-density integration of electromechanical transmission systems. The project is led by CSSC Haizhuang Wind Power (Shandong) Co., Ltd., in collaboration with Shandong University, CSSC Haizhuang Wind Power Co., Ltd., CEPRI Zhangbei Wind Power Research and Testing Co., Ltd., and Shandong Academy of Marine Sciences, among other industry university research units, to jointly build a collaborative research and development system. According to the project plan, after successful industrialization, it is expected to achieve an annual production capacity of 20 units (totaling 500 megawatts), with an annual increase in operating income of over 1 billion yuan, and will effectively drive the coordinated development of the upstream and downstream of the industrial chain, providing key equipment support for the large-scale development of China's far-reaching offshore wind power. Editor/Yang Beihua

Signed a contract for a 1.1GW project and put into operation a 273MW power station

On December 11, 2025, Norwegian renewable energy company Scatec announced the completion of equity contracts for its large-scale "Obelisk" solar energy storage project in Egypt, while the Grootfontein solar power plant in South Africa was officially put into operation. Scatec has signed equity agreements with Norwegian state-owned investment fund Norfund and French power company EDF to jointly promote the Obelisk solar and energy storage project in Egypt. The project has a scale of 1.1GW/200MW, making it Scatec's largest renewable energy project to date. According to the agreement, Norfund will hold a 25% stake in the project holding company, EDF will hold a 20% stake in the operating company, and Scatec will continue to maintain a majority stake. The CEO of the company, Terje Pilskog, stated that the project will combine solar energy and battery storage to provide Egypt with stable and cost competitive electricity. At the beginning of 2025, Scatec has raised over $400 million in funding for the project and plans to introduce more partners to optimize the capital structure. In South Africa, Scatec's 273MW Grootfontein solar photovoltaic power station has officially started operation. This project is developed based on the procurement plan of South African renewable energy independent power producers and holds a 20-year power purchase agreement. Scatec completed project financing in 2023 and owns 51% of its shares, with the remaining shares held by local black economic revitalization partners and community trust funds. Alberto Gambakota, the head of Scatec Africa, pointed out that this project is the company's first power station in the Western Cape province and the first solar project to achieve commercial operation in this round of bidding, demonstrating Scatec's continuous investment and localization commitment in the South African market. Scatec stated that by collaborating with international organizations and local partners, the company aims to improve capital efficiency, create greater value, while maintaining operational control over projects. Previously, Norfund had supported Scatec's 130MW solar project in Colombia. In the South African market, Scatec has accumulated large-scale installed capacity and has won an additional 846MW in the latest round of bidding. This series of trends reflects Scatec's deepening layout and long-term strategy in the field of clean energy in Africa. Editor/Yang Beihua

Investment of 4.13 billion yuan! Jinhu Tire's first European factory has settled in Opole

The small town of Opole, not far from the Czech border, is quietly undergoing a transformation in its industrial layout. On December 1st, Jinhu Tire officially announced that it will build its first production base in Europe here, marking an important step for this tire manufacturing enterprise on the path of globalization. This factory located in Opole, Poland, is planned to have a total investment of approximately RMB 4.13 billion. The project will be promoted in stages, with the first phase expected to produce 6 million passenger car tires annually, and the production scale will gradually expand according to market development. The new factory is not only geographically close to the heartland of the European automotive industry, but is also seen as a key entry point for Jinhu to deepen its penetration into the European market. The European market holds significant strategic importance for Jinhu Tire. In the first three quarters of 2025, Jinhu Tire achieved a cumulative operating revenue of RMB 18.1 billion, of which the European market contributed 27%. Of particular note is that the European market has maintained double-digit growth since 2025, demonstrating strong development potential. Europe is home to numerous high-end car manufacturers such as Mercedes Benz, BMW, Audi, Porsche, and Volkswagen. Jinhu Tire stated that setting up a factory in Poland is an important measure for the company to continue promoting its globalization strategy and focusing on high-yield markets. By achieving localized production and supply, Jinhu will further enhance its product and service competitiveness, strengthen its high-end brand value, and integrate more closely into the European automotive industry chain. With the implementation of the planning for the Polish factory, Jinhu Tire is entering the fast lane of the high-end manufacturing market in Europe with a more localized attitude, adding new footnotes to the industrial cooperation between China and Europe. Editor/Yang Beihua

Chinese investment of 1.5 billion US dollars to build a new manufacturing hub in Pakistan

Against the backdrop of Pakistan's vigorous promotion of industrial upgrading and attraction of foreign investment, Punjab Province has welcomed key investments. The provincial government has signed an agreement with Chinese enterprises to invest $1.5 billion to build a modern industrial park covering 300 acres. The park focuses on diversified manufacturing industries such as textiles, automobiles, and pharmaceuticals, aiming to form industrial clusters that are expected to create a large number of jobs and drive the development of supporting industries. This move is seen as a microcosm of China's shift from infrastructure to deep industrial cultivation, not only injecting new momentum into the local area, but also marking that Punjab is strengthening its position as a key hub for industrial innovation and attracting foreign investment in Pakistan by improving infrastructure and policy environment. Editor/Cheng Liting

Vietnam Laos Energy Cooperation: Hejing 500 kV Transmission Project Approved

The People's Committee of Hejing Province has approved the investment policy and investors for the 500 kV transmission line project from Cha Lo in Laos to Hejing. The total investment of this project exceeds 2.3 trillion Vietnamese dong (approximately 88 million US dollars), and it will construct approximately 45 kilometers of dual circuit 500 kV transmission lines, expand two bays within the Haijing 500 kV substation, and require 20 hectares of permanent land, 15 hectares of temporary land, and 162 hectares of safe passage. The project will run for 50 years and be implemented in two phases. The first phase will be from the fourth quarter of 2025 to the third quarter of 2026, and the second phase will be fully operational in the third quarter of 2027. It can enhance the national power transmission capacity, alleviate the power shortage in the north, and promote energy cooperation between Vietnam and Laos. Editor/Cheng Liting

China Chengling Motors brings its "Hengshan brand" to Vietnam

A cross-border industrial cooperation story is unfolding. Recently, a delegation led by Yang Chaoxiang, Chairman of Chengling Motors Co., Ltd. and Vice President of Taiwan Bell Group, along with DUYLINK Investment Co., Ltd., Hong Kong financial institutions, and industry partners, conducted on-site research in Taiyuan Province, Vietnam, and officially announced plans to build a large automobile manufacturing base there. The initial investment of the project is about 3.5 billion yuan, and the planned land area is about 140 hectares. The production base will mainly cover product lines such as motorcycles, trucks, dump trucks, tractors, and special vehicles, committed to building a regional hub for automobile manufacturing and export. Although Chengling Motors is relatively unfamiliar to the public, its associated "Hengshan brand" cars carry profound historical memories. As early as January 10, 2025, Chengling Motors signed a cooperation agreement with the People's Government of Hengshan County, Hunan Province for the "Hengshan Automobile" project, aiming to revitalize the assets of the former Hunan Hengshan Automobile Manufacturing Co., Ltd. This old factory, founded in 1969, was once a national level specialized production unit for military modified vehicles, but was discontinued due to market changes. Chengling Motors plans to retain the "Hengshan Brand" trademark and gradually complete the acquisition within three years, promoting the revitalization of this classic brand. According to the plan, after the first phase of production of the Vietnam base, the annual production capacity is expected to reach 20000 units, and the annual output value is expected to reach 1 billion yuan. The products will cover a variety of vehicle models, including municipal sanitation vehicles, emergency rescue vehicles, new energy buses, high-end business buses, as well as logistics refrigerated trucks, elderly RVs, and more. Editor/Yang Beihua

PowerChina wins Singapore's largest floating photovoltaic project

On the shimmering waves of the Kranji Reservoir in Singapore, an iconic green project is about to unfold. Recently, China Power Construction Corporation Limited and Shengke Singapore Solar Private Limited officially signed the EPC general contract for the Kranji Reservoir Floating Photovoltaic Project in Singapore, marking a new and important breakthrough for China Power Construction in the field of new energy. This project is currently the largest floating solar project in Singapore, located in the northern and central waters of the Kranji Reservoir. According to the contract, PowerChina will undertake the full process EPC general contracting work from design, procurement to construction, with a project capacity of 150 megawatts. The project is expected to commence construction in the first half of 2027 and be put into operation in stages. Since entering the Singapore market in 2011, China Electric Power Construction Corporation has been committed to deepening local cultivation and serving the local market. With solid engineering quality and advanced technology, it has successfully completed more than 20 key projects covering transportation, municipal and energy fields, and established an excellent brand reputation in the local area. The Kranji Reservoir Floating Photovoltaic Project signed this time is the first water surface photovoltaic project won by China Power Construction in Singapore. It not only marks the company's official entry into the country's large-scale floating photovoltaic construction market, but also adds substantial achievements to deepen cooperation between China and Singapore in the field of green energy. The signing ceremony was attended by Jen Tan, CEO of Singapore Shengke Photovoltaic Company, Zhou Jiayi, Deputy General Manager and General Manager of Asia Pacific Regional Headquarters of PowerChina, and Liu Jiajin, Deputy General Manager of East China Institute. Representatives from PowerChina Asia Pacific Regional Headquarters, Singapore Representative Office, and East China Institute also attended the ceremony. Editor/Yang Beihua

The construction of King Salman Airport is accelerating

Recently, the Acting CEO of King Salman International Airport in Riyadh announced that the detailed design plan for the airport has been finalized, and Terminal 6 will begin construction in the second quarter of next year, marking the substantial advancement of Saudi Arabia's "Vision 2030" aviation hub strategy. The airport is a core project of Saudi Arabia's aviation industry's $100 billion investment plan, covering an area of 57 square kilometers, with 6 planned runways, and a target passenger throughput of 120 million by 2030. China Electric Power Construction and China MCC formed a consortium to participate in the bidding, and the project will promote Riyadh as a transportation hub, contributing approximately 7.2 billion US dollars to Saudi Arabia's non oil GDP.Editor/Cheng Liting

Angola Mozambique Medes Railway launches international franchise bidding

Recently, the Angolan government launched a 30-year international franchise bidding for the Mozambique Mendes Railway. If the railway is extended to Namibia or Zambia during the operation period, the franchise period can be extended for another 20 years. The bidding deadline is May 4, 2026. The railway has a total length of 855 kilometers and is an important trunk line in Angola and part of the Namibe Corridor. At present, Anna and Laos have carried out technical docking on cross-border railways. This bidding requires bidders to have funds and experience, and the Angolan government hopes to increase freight volume, reduce logistics costs, and promote the development of industries along the route. Editor/Cheng Liting

Chinese banks assist in landing 15GW clean energy project

In the global energy transition wave, Saudi Arabia's actions are attracting the attention of the world. Recently, Saudi energy giant ACWA Power announced that it has secured a massive financing of up to $5.95 billion for its 15GW clean energy projects. This funding will be used to support two wind power projects and five photovoltaic projects located within Saudi Arabia, demonstrating the clear strategy of this oil kingdom to extend its energy dominance through new energy. This financing can be regarded as a "national team global tour", attracting 29 financial institutions from the Gulf region, Europe, China, Japan and other places to participate. Among them, several Chinese financial institutions, including Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and China Minsheng Bank, have provided strong support. The loan term is as long as 27 years, reflecting the confidence of international capital in the long-term prospects of Saudi Arabia's new energy development. The equity structure of the project is jointly held by ACWA Power, Badeel, a wholly-owned subsidiary of Saudi sovereign fund PIF, and Saudi Aramco Power Company. This national level risk sharing model greatly enhances market confidence. All projects are expected to be fully operational from the second half of 2027 to the first half of 2028. Saudi Arabia's rapid execution capability is in line with its strategy of seizing the future "second pot of gold" - by building a globally leading low-cost green power base, laying the foundation for future industries such as hydrogen energy and green metallurgy, and reshaping its role in the global energy landscape. Editor/Yang Beihua

Chinese energy storage companies have won consecutive large orders in Europe

Chinese energy storage companies have recently made significant breakthroughs in the European market. With the cumulative installed capacity of energy storage in Europe expected to exceed the 100GW mark by November 2025, the market is entering a critical stage of large-scale development. In this context, China Automotive New Energy has signed a 2GWh energy storage strategic cooperation agreement with Belgian energy company AVESTA, while Kubo Energy has also reached a 1GWh strategic cooperation agreement with Romania's VoltLink Energy. As a joint venture between multiple Chinese state-owned enterprises in the field of power batteries, China Automotive New Energy has obtained over 14GWh of energy storage orders worldwide by 2025. Kubo Energy continues to focus on the European market, and this cooperation aims to build an energy service ecosystem that covers the entire chain. The signing of these orders reflects a structural change in the European energy storage market from household use to large-scale project dominance, driven by a significant improvement in energy storage economics. From 2022 to 2025, the cost of European LFP energy storage systems has decreased by about 37%, and the reform of the electricity market has created a diversified revenue model of "energy arbitrage+ancillary services" for energy storage. Despite Europe's ambitious goal of 500-780 GWh by 2030, the path to achieving it still faces challenges. The lengthy approval process and fragmented internal market may constrain the pace of development. The strong entry of Chinese energy storage companies not only seizes the opportunity of market explosion, but also injects key technological products and solutions into Europe's energy transformation. Editor/Yang Beihua

NEOM, the world's largest green hydrogen project, welcomes strong partners

Saudi Arabia and Egypt have recently reached an important consensus on energy and future industry cooperation. The Egyptian Ministry of Petroleum and Mineral Resources and Saudi NEOM have decided to establish a joint working group to build a strategic bridge for the Egyptian petroleum industry to participate in the NEOM project. This cooperation was finalized during the visit of Egyptian Minister Badwi to Saudi Arabia, aiming to promote the deep integration of Egyptian enterprises into this core project under Saudi Arabia's "2030 Vision". NEOM is a key project for Saudi Arabia's economic transformation, with a first phase investment of 1.2 trillion Saudi riyals (approximately 2.27 trillion RMB), and currently about 140 billion riyals have been invested in infrastructure. This future city with a planned area of 26500 square kilometers focuses on the development of clean energy such as green hydrogen. The cooperation will focus on three major areas: first, collaborative promotion of green hydrogen projects; Secondly, cooperation in industries such as petrochemicals, environmentally friendly building materials, and clean technology; Thirdly, Egypt provides strategic mineral support for NEOM. Renowned Egyptian companies such as Petrojet and ENPPI will participate in the project construction, with Petrojet already beginning to intervene in some of the projects. This cooperation marks an important step forward in the coordinated development of energy transformation and future industries between the two major economies on both sides of the Red Sea. Editor/Yang Beihua

Serbia's largest 300 MW wind farm confirms grid connection provider

Recently, Serbia's largest wind power project under construction, the Vetrozelena wind farm with an installed capacity of 300 megawatts, has made significant progress. The company under the Bosnia and Herzegovina Elnos Group has successfully won the bid and will serve as the general contractor responsible for the construction of all power grid connection projects for the project. This marks the official entry of this flagship new energy project in the Balkans, which is controlled and invested by China Power Construction Group, into the grid connection sprint stage. According to the contract, the Elnos Group will undertake the construction of a complete grid connected system, including a 35/400 kV substation, a 400 kV switch station, and a 7.5-kilometer transmission line, to ensure that the clean electricity generated by the 48 wind turbines in the future can be smoothly input into the national power grid. The project is controlled 51% by China Power Construction Overseas Investment Corporation and has signed a power purchase agreement with Serbia Electric Power Company in November 2025, laying the market foundation for electricity consumption after completion. The promotion of this project is another typical case of cooperation between Chinese investment and local engineering forces in Europe to jointly promote regional energy transformation. Editor/Yang Beihua

Continuous heavy rainfall has caused significant casualties

In recent days, several provinces on Sumatra Island, Indonesia, have been shrouded in continuous rainstorm and subsequent disasters. On the afternoon of December 4th local time, the latest data released by Indonesia's National Disaster Relief Agency revealed the severity of the disaster: the number of deaths caused by floods and landslides has risen to 817, and another 537 people are missing, posing severe challenges to search and rescue and disaster relief work. This disaster is mainly concentrated in the provinces of Aceh, North Sumatra, and West Sumatra on the island of Sumatra. The continuous heavy rainfall has triggered large-scale floods and landslides, destroying a large number of houses, roads, and bridges, causing communication interruptions, and many areas becoming isolated islands. As of December 4th, the officially confirmed number of victims has reached 817, and the missing figure of 537 means that the scale of casualties may further expand, and the people in the disaster area are suffering huge pain and losses. After the disaster, the Indonesian National Disaster Relief Agency, military, police, and volunteer organizations quickly mobilized and fully engaged in rescue efforts. However, adverse weather conditions, disrupted transportation routes, and complex geographical environments have brought great difficulties to search and rescue work. Rescue workers are racing against time, searching for survivors in the mud and floods, and delivering emergency supplies such as food, drinking water, medicine, and temporary shelters to the trapped people. The international community has also begun to pay attention to and provide assistance. Indonesia is located in the Pacific Rim volcanic and seismic zone, with frequent geological activity. In addition, the rainy season is characterized by concentrated rainfall, and floods and landslides are common natural disasters in the country. The severe disaster on Sumatra Island once again highlights the urgency of strengthening disaster warning systems, infrastructure construction, and community disaster prevention and mitigation capabilities. How to enhance long-term climate change adaptation and disaster risk management capabilities while addressing the current crisis will become a topic that Indonesia and the entire region need to deeply consider. Editor/Yang Beihua

The 'Chinese Accuracy' of the Nakara Corridor: The Guardian of Surveyor Orlando

At the construction site of Nacala Port in Mozambique, surveyor Orlando Vicente is fully focused on precise measurements, laying the foundation for the comprehensive upgrade of the logistics system in the Nacala Corridor. This strategic channel, with a total length of over 900 kilometers and an annual coal transportation capacity of about 18 million tons, is revitalizing with the help of Chinese enterprises. Currently, the project team of China Railway 20th Bureau is making every effort to promote the construction of the Nankala Old Port dump truck, in order to match the improved transportation capacity after the railway electrification transformation, while overcoming complex construction conditions such as high water levels and deep foundation pits. Simultaneously carrying out vehicle maintenance work to ensure daily transportation, the maintenance workshop can repair about 25 coal transport open cars per month. This series of measures systematically strengthens Mozambique's key logistics arteries, not only significantly improving the efficiency of coal exports, but also injecting solid impetus into the sustainable development of the regional economy. Editor/Yang Beihua

Pohang Vietnam Layout Logistics Restructuring Global Supply Chain

Against the backdrop of accelerating global supply chain restructuring, Pohang Iron and Steel Group recently established a logistics subsidiary in Vietnam, marking its strategic transformation from a steel manufacturer to a "resource production logistics" full chain operation. The Vietnamese legal entity will integrate the group's logistics business in local areas such as steel, raw materials, and secondary battery materials, and achieve economies of scale and full process visualization through unified management. This move not only strengthens Pohang's layout in key nodes in Southeast Asia and improves its global logistics network connecting Asia, Europe, and the United States, but also targets the potential of Vietnam's logistics market with an average annual growth rate of over 6%. As the group accelerates its overseas resource development and considers acquiring shipping company HMM, this layout highlights the industry trend of manufacturing giants improving supply chain resilience through vertical integration, seizing the opportunity in the wave of RCEP deepening and Southeast Asian industrial upgrading. Editor/Cheng Liting

Cross border collaboration to develop wind power projects in the Philippines

Levanta Renewables in Singapore has partnered with Triconti Windkraft Group in the Philippines to develop the Atimonan onshore wind power project in Quezon Province. The project has won the bid in the fourth round of energy auctions in the Philippines and is scheduled to be put into operation in 2028, with a first phase scale of approximately 50MW. Levanta, as a Southeast Asian renewable energy platform under Actis, will combine with Triconti's local expertise to jointly promote this world-class project. Both sides aim to meet the electricity demand of Luzon Island through complementary advantages and contribute to the transformation of the energy structure in the Philippines. Editor/Cheng Liting

AI-RAN leader SynaXG raises over $20 million in funding

Singapore based deep tech startup SynaXG recently completed its first round of funding of over $20 million, led by January Capital, Vertex Ventures, and Qualgro, making it an important early investment in the Asian AI-RAN field. The company focuses on AI wireless access network solutions, providing full stack software and systems through nearly four years of research and development, serving chip manufacturers, equipment manufacturers, and operators. This round of funding will accelerate product promotion, team building, and global cooperation. With the growing demand for low latency AI infrastructure in the market, SynaXG is expected to lead the next generation of wireless connectivity innovation. Editor/Cheng Liting

India expects to add 41.5GW of photovoltaic installed capacity in fiscal year 2026

Recently, according to JMK Research's forecast, India will add 41.5GW of photovoltaic installed capacity in the fiscal year 2026 (ending March 31, 2026), setting a new historical high and demonstrating its strong momentum in the transition to clean energy. In this increment, large-scale photovoltaic power stations account for 32GW, rooftop photovoltaics account for 8GW, and off grid systems provide broad cooperation space for international photovoltaic enterprises, helping to promote their cumulative photovoltaic installation target of 280GW by 2030.Editor/Bian Wenjun

International EPC company wins $147 million photovoltaic project in South Africa

Recently, a well-known international EPC company successfully won the bid for a large-scale photovoltaic power plant project in South Africa, with a contract amount of 147 million US dollars, becoming an important milestone in the construction of the African Clean Energy Corridor. The project has a planned installed capacity of 500MW and is located in a renewable energy park in the Northern Cape Province of South Africa. It will use efficient PERC photovoltaic modules and intelligent operation and maintenance systems, with an expected annual power generation of over 800 million kilowatt hours, which can meet the electricity needs of 300000 households and reduce carbon emissions by about 600000 tons per year. Inject strong momentum into regional energy security and sustainable development, and attract more international capital to participate in the African new energy market.Editor/Bian Wenjun