• Coronavirus hits demand for oil, energy

    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

    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

    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

    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 […]

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