18:15 2022.05.20

Simply Blue Group launches 2GW offshore floating wind project in Sweden

Simply Blue Group, Ireland's leading blue-economy developer of floating offshore wind, has unveiled plans for two multi-gigawatt projects in Sweden. The 2GW Skidbladner floating wind project is located 100 kilometers southeast of Stockholm, and the 2.75 GW Herkules floating wind project is located about 60 kilometers southeast of Gotland. Editor/Xing Wentao

18:14 2022.05.20

UK backs construction of 10.5 GW wind-solar project in Morocco

UK-based Xlinks plans to build 10.5 GW of wind and solar in Morocco and sell electricity in the UK. London-based investment firm Octopus Energy said it worked with project developer Xlinks to help it move forward with construction. Editor/Xing Wentao

18:14 2022.05.20

PKN ORLEN partners with Alstom on hydrogen railway

On May 20, 2022, PKN ORLEN signed a strategic cooperation agreement with Alstom to provide zero-emission, environmentally friendly trains and hydrogen fuel for public rail transport. The company has been implementing a hydrogen strategy, announcing in 2022 that it will provide the fueling infrastructure for trains produced by Alstom. The first hydrogen-fuelled vehicles could be rolled out on regional lines within two years. Editor/Xing Wentao

18:13 2022.05.20

ASEAN China will seek to upgrade China-ASEAN Free Trade Agreement

At the celebration of the 70th anniversary of the establishment of the China Council for the Promotion of International Trade and the Global Trade and Investment Promotion Summit held on May 18, 2022, ASEAN Secretary-General Lim Yuhui said that the economic relationship between ASEAN and China has never been stronger and closer than it is today. Seek to upgrade the ASEAN-China Free Trade Agreement to address new global challenges. Lin Yuhui said: "For decades, CCPIT has successfully promoted China's foreign trade and investment cooperation by strengthening public-private dialogue and business relationships. The economic relationship between ASEAN and China has never been stronger and closer than it is today." Editor/Xing Wentao

18:13 2022.05.20

Hungarian Electricity Group to build 28 small solar power plants in Hungary

MVM Zöld Generáció Kft., a new energy production company under the Hungarian Electric Power Group (MVM), will invest in the construction of 28 small solar power plants across Hungary. According to the company, the power station cluster will generate 69,000 gigajoules of electricity annually, which can meet the annual electricity demand of 8,000 households, while reducing carbon dioxide emissions by 19,000 tons. Editor/Xing Wentao

18:13 2022.05.20

Indonesia plans to invest $4 billion to build polysilicon industry

Indonesia plans to invest US$4 billion to build a polysilicon industry to boost the production of photovoltaic modules. The price of polysilicon, a key material used to make photovoltaic modules, rose to a 10-year high last year. The localized production of polysilicon materials will help Indonesia reduce the price of photovoltaic modules and will accelerate the deployment of green energy. Editor/Xing Wentao

18:11 2022.05.20

Yiwei Lithium Energy and Yunnan Yuxi Deploy Power Storage Batteries

Yiwei Lithium Energy plans to sign an investment agreement with the Management Committee of Yuxi High-tech Zone in Yunnan Province on the company's investment in the construction of a lithium battery production project in the Longquan area of ​​Yuxi High-tech Industrial Development Zone. The project plans to invest 3 billion yuan to build a 10GWh power storage battery project, of which 2.1 billion yuan will be invested in fixed assets. Editor/Xing Wentao

18:11 2022.05.20

JSW Group wins Mytrah 2.3GW renewable energy project

Indian multinational conglomerate JSW Group has signed a $2 billion new energy cooperation agreement with Mytrah EnergyIndia Private, which is headquartered in Hyderabad, India and has an operating portfolio of 2.3GW, including 1.7GW of wind and about 535MW of solar. Through this project, JSWGroup aims to increase its renewable energy footprint. Editor/Xing Wentao

18:10 2022.05.20

Lucid Motors to build first overseas production plant in Saudi Arabia

Lucid Motors said it will build a production plant in Saudi Arabia with an annual capacity of 155,000 zero-emission electric vehicles. The deals are estimated to give Lucid a total of up to $3.4 billion in funding and incentives over the next 15 years to build and operate manufacturing plants in the kingdom. AMP-2, which will be located in King Abdullah Economic City, is the first production facility outside the U.S. for a public investment fund-backed electric vehicle manufacturer, according to a statement. Editor/Xing Wentao

18:10 2022.05.20

AlDhafra discovers new fields at BuHasa, OnshoreBlock3 and AlDhafra

Abu Dhabi National Oil Company made new oil discoveries in the emirate's largest onshore oil field, BuHasa, and in the onshore Block3 and AlDhafra oil concessions. BuHasa has a crude oil production capacity of 650,000 barrels per day and is operated by Adnoc Onshore as part of the Adnoc Onshore Concession. Editor/Xing Wentao

17:01 2022.05.20

MSC to build and operate terminal at Panama Canal

The government of Panama has announced a new agreement with an investment group that has partnered with TIL (Terminal Investment Limited), the terminal operator of the Mediterranean Shipping Company (MSC), to complete and operate the long-delayed Panama Canal Container Terminal. Editor/Ma Xue

11:37 2022.05.20

Jakarta, Indonesia and Air Liquide jointly develop CCU technology

PT Pertamina and Air Liquide Indonesia intend to jointly develop carbon capture and utilization CCU technology at the Balikpapan refinery. The two parties will jointly study technologies for capturing CO2 produced by hydrogen production in refineries. Editor/Ma Xue

18:29 2022.05.19

Energy China signs contract for the construction of an industrial park in Mexico

On May 18, local time, Energy China Gezhouba International Company and Mexico FIPASI Company successfully signed the EPC contract agreement for the construction project of Lazaro Cardenas Port Industrial Park in Michoacán, Mexico, achieving a new breakthrough in the field of engineering in Mexico. Important achievements in promoting the "going out" of non-electricity business.

18:26 2022.05.19

Tel Aviv City awards Alstom consortium for EUR 2.6 billion light rail project

On May 18, 2022, a consortium of French engineering firm Alstom and two Israeli companies Electra and Dan Transportation has signed a contract worth 2.6 billion euros with Israeli state company NTA for the design, construction , maintain and finance the Tel Aviv Metropolitan Railway Line. Alstom's €858 million share of the contract includes the design, engineering, supply, integration, testing and commissioning of the rail system, including rail, electrification, power, signaling, communication systems and the supply of trams. Editor/Xing Wentao

18:26 2022.05.19

Greenko to build 5.23GW renewable energy storage facility in India

Indian renewable energy company Greenko Group has unveiled plans to build a world-class renewable energy storage facility in the Indian state of Andhra Pradesh. The 5.23GW project is located in Kurnur with a total investment of US$3 billion. Editor/Xing Wentao

18:25 2022.05.19

Global thermal power plants to invest $100 billion in ammonia by 2050

Co-firing of ammonia in thermal power plants could be worth $100 billion by 2050, as governments around the world upgrade their green energy strategies, increasing demand for the compound, according to energy research consultancy Wood Mackenzie. Ammonia, a derivative of hydrogen, does not emit carbon dioxide when burned, and reducing emissions in thermal power generation is a very attractive proposition. Editor/Xing Wentao

18:23 2022.05.19

China and Malaysia double parks to build ASEAN demonstration zone

11 project investment agreements between China and Malaysia were successfully signed, providing logistics support for building a cross-border industrial chain, focusing on non-ferrous metal bulk trade, bird's nest, durian and other industrial cooperation, realizing the superposition of industrial interaction and RCEP rules, as the leaders of China and Malaysia It is a major inter-governmental cooperation project directly initiated and promoted by people. Since the construction started in April 2012, the Sino-Malaysian dual parks have developed for 10 years, not only contributing to regional economic development, but now taking the RCEP into effect. Dongfeng, innovation and upgrading start again. Editor/Xing Wentao

18:22 2022.05.19

China-Europe trains revitalize the world economy

According to the latest data, 1,170 China-Europe trains operated in April, an increase of 36 trains compared with March, showing a development trend of "steady and rising". Taking into account the impact of the epidemic and the conflict between Russia and Ukraine, this achievement is not easy. Wang Wenbin said that under the background of the world epidemic and the turbulent international situation, the China-Europe freight train has overcome the headwinds of poor global circulation and insufficient capacity, and handed over a beautiful transcript, which is really commendable. This is China's positive contribution to the recovery of the world economy, and it is also a strong proof of the high-quality development of the Belt and Road Initiative. Editor/Xing Wentao

18:22 2022.05.19

Sunwanda continues to increase Zaozhuang energy storage project

Following the annual output of 800,000 sets of hybrid battery projects and the 30GWh power battery project, Sunwoda signed another major industrial project in Zaozhuang, Shandong. On May 15, 2022, the signing ceremony of the "source, network, load and storage" integration project between Sunwangda's wholly-owned subsidiary Sunwangda Integrated Energy Company and the Zaozhuang High-tech Zone Management Committee was held in Zaozhuang City. According to the agreement, Xinwangda Integrated Energy Company will lead the construction of photovoltaic, energy storage, distribution network and other projects and supporting manufacturing projects in Zaozhuang High-tech Zone and surrounding cities. Editor/Xing Wentao

18:21 2022.05.19

Global rooftop photovoltaics will add 15TWh in 2022

The EU's draft REPowerEU plan proposes a 15TWh increase in rooftop PV capacity in 2022. The draft also calls for action by the EU and national governments in 2022 to reduce the time to apply for permission to install rooftop PV installations to three months, and proposes that by 2025, all new buildings and existing buildings with energy consumption class D or above, Rooftop photovoltaics should be installed. Editor/Xing Wentao

18:17 2022.05.19

تواصل Sunwanda زيادة مشروع تخزين الطاقة في Zaozhuang ، Shandong

بعد الإنتاج السنوي لـ 800000 مجموعة من مشاريع البطاريات الهجينة ومشروع بطارية الطاقة 30 جيجاوات في الساعة ، وقعت Sunwoda مشروعًا صناعيًا رئيسيًا آخر في Zaozhuang ، Shandong. في 15 مايو 2022 ، أقيم حفل توقيع مشروع تكامل "المصدر والشبكة والتحميل والتخزين" بين شركة Sunwangda المتكاملة للطاقة التابعة لشركة Sunwangda المملوكة بالكامل لشركة Sunwangda ولجنة إدارة منطقة Zaozhuang للتكنولوجيا الفائقة في مدينة Zaozhuang. وفقًا للاتفاقية ، ستقود شركة Xinwangda المتكاملة للطاقة بناء الخلايا الكهروضوئية وتخزين الطاقة وشبكة التوزيع وغيرها من المشاريع ودعم مشاريع التصنيع في منطقة Zaozhuang للتكنولوجيا الفائقة والمدن المحيطة. محرر / شينغ وينتاو

15:36 2022.05.19

The first XCMG special train in Jiangsu was successfully dispatched

On May 17, the Xuzhou China-Europe Railway Express XCMG-specific train exited the border port of Horgos smoothly. This is the first railway express-clearance China-Europe Railway Express successfully dispatched from Jiangsu. Editor/He Yuting

18:35 2022.05.18

UK plans to install first floating organic flow battery energy storage project

The BlueStor project was created by MSE International and funded by the UK government's Department for Business Energy and Industrial Strategy (BEIS) in its Long Term Energy Storage (LODES) competition. The initial stages of a project have drawn up detailed plans to develop the UK's first floating organic flow battery energy storage project to provide port energy storage and shore power decarbonisation for two cruise ships. Feasibility studies for the BlueStor project found that large 50MW/600MWh units are generally more compact than equivalent Li-ion units. The company says organic flow batteries are ideal for large-scale, high-capacity energy storage applications, especially in places with high environmental sensitivity, such as ports and coastal areas. Editor/Xing Wentao

18:04 2022.05.18

AfDB plans to raise $15.6 billion for new highway project in West Africa

A major road project will be carried out in West Africa. The $15.6 billion financing deal is being organized through the African Development Bank (AfDB). The new highway route will link the capital of Côte d'Ivoire, Abidjan, with Lagos, the economic hub of Nigeria, one of Africa's strongest economies. The route will stretch a long distance along the coast and will also pass through Ghana, Benin and Togo. The new highway will improve transportation in West Africa and provide the region with much-needed economic growth. Editor/Xing Wentao

18:03 2022.05.18

KKR buys power generation company Contour Global for £1.75bn

KKR has agreed to buy British power generation company Contour Global in an all-cash deal worth £1.75 billion. KKR said Contour Global's existing business provides a compelling platform for future organic and inorganic value-added growth, due to the changing nature of the energy industry due to decarbonisation targets. Editor/Xing Wentao

18:03 2022.05.18

Tata Power Solar wins 300MW solar project from NHPC in India

Indian energy firm Tata Power Solar, a wholly-owned subsidiary of Tata Power, has secured a 300MW solar project worth Rs 173 crore from the state-owned National Hydropower Corporation (NHPC). Tata Power Solar will develop the project in the Indian state of Rajasthan under the Central Public Sector Commitment Programme of the Indian Renewable Energy Development Agency (IREDA). Editor/Xing Wentao

18:02 2022.05.18

IHC and Adani Group reach $2 billion clean energy investment deal

Abu Dhabi International Holdings completed a $2 billion investment deal with India's Adani Group led by Gautam Adani. As part of the transaction, IHC will invest in three green energy-focused companies under the Adani Group, including Adani Green Energy, Adani Transmission and Adani Enterprises, all listed on the Bombay Stock Exchange and the National Stock Exchange of India . Editor/Xing Wentao

18:01 2022.05.18

Drax plans to invest $613 million in Scottish hydropower project

British power group Drax has applied to build a new $613 million storage hydropower station on top of its existing Cruachan hydropower station in Scotland. An energy storage hydroelectric plant works by pumping water up into an upper reservoir, where it is released, allowing the water to flow down through turbines to generate electricity when needed. The developers of the technology say it could help the UK balance the growing amount of renewable electricity on the grid, using the remaining renewable electricity to pump water when demand is low and store it so it can be used when demand is high. Editor/Xing Wentao

18:01 2022.05.18

Delhi govt again with ambitious solar plan

The Delhi government has announced ambitions to increase solar power generation to 50% of total energy needs by the end of the decade, and has made the city the capital of India with rooftop solar. Likewise, the Delhi government has held a national consultation on Delhi's solar policy with several stakeholders to identify opportunities for solar energy. All of this comes amid the state's previous attempt to hit a target of 2,762 megawatts of solar capacity by the end of this year, but only 220 megawatts by the end of 2021. Editor/Xing Wentao

18:00 2022.05.18

Tanzania to add 6GW of renewable energy projects

Tanzania's new president, Samia Suluhu Hassan, is attracting investors to invest in green and clean energy projects to ensure Tanzania's energy security and mitigate the impact of climate change. She announced that Tanzania will add 6GW of renewable energy. Most of the new energy will come from green energy sources such as solar, wind and hydropower. By 2020, only 40% of Tanzanian citizens will have access to electricity. In absolute terms, the country's total electricity supply is only 1,605 megawatts. If Samia Hassan's 6GW target is achieved, Tanzania could become Africa's third-largest green energy country. Tanzania will be second only to South Africa and Morocco. Tanzania currently uses natural gas to generate electricity, but also plans to use wind energy to generate electricity. Research is also underway on generating electricity from geothermal resources. Editor/Xing Wentao