News
Coronavirus hits demand for oil, energy
(Reuters) – A fast-spreading coronavirus in China has sent shockwaves through global commodity markets, prompting OPEC and its allies to consider deepening crude supply curbs and Asia’s largest oil refiner to slash over a tenth of its output. MARKETS EXPECT REDUCED OIL DEMAND The oil market looks set for at least four months of depressed […]
China Will No Longer Subsidize Its Offshore Wind Projects after 2021
On January 3rd, the Ministry of Finance decided to stop funding offshore wind projects after 2021, which leads to “a race of construction” among offshore wind companies. China has been scaling back the amount of subsidies to renewable power providers, who are expected to compete with coal-fired utilities and achieve “grid price parity”. Last May, […]
Opportunity for Norwegian Offshore Wind Vessel Suppliers
By 2021, Chinese government will no longer subsidize the offshore wind industry. Offshore wind companies are now faced with the challenge to complete projects ahead of schedule. One of the top five Chinese state-owned offshore wind project developers is looking for potential suppliers that can provide vessels and equipment for their offshore wind projects in […]
Economic slowdown will not change China environment policies: ministry
BEIJING (Reuters) – China will maintain its environmental protection goals and will not ease off on trying to achieve them even as the economy slows, an environment ministry official said on Thursday. The cabinet last year issued a guide for some important anti-pollution targets up to the end of 2020 and there will be no […]
China solar exports hit 58 GW in first three quarters of 2019
SHENZHEN, China (Reuters) – China’s solar module exports rose to the equivalent of 58 gigawatts of capacity in the first three quarters of the year, compared to 41.6 GW for all of 2018, as a slowdown at home pushed panel sales overseas, an industry association said. Wang Bohua, vice-chairman of the China Photovoltaic Industry Association, […]
North Seas Energy Ministers reinforce cooperation on offshore wind power
Energy Ministers from North Seas countries met on December 4th in Brussels and agreed their 2020 Work Programme on offshore wind energy deployment as a means of reaching climate neutrality by 2050. The 10 North Seas Energy Cooperation countries – Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands, Norway, Sweden and the UK – agreed […]