76.1 billion Yuan! State Grid 2021 Renewable Energy Subsidy Funds Issued
According to the “Announcement of State Grid Co., LTD., on the allocation of additional subsidy funds for renewable energy electricity price in 2021” issued on December 31.
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China’s largest single capacity offshore wind farm connected to power grid
NANJING, Dec. 25 (Xinhua) — China’s largest offshore wind farm in terms of single-unit capacity off the eastern province of Jiangsu was connected to the power grid at full capacity on Saturday.
Equinor and partner reach financial close on the third phase of the world’s biggest offshore wind farm
Dogger Bank wind farm owners, Equinor and SSE, have recently announced financial close on the third phase of the project, Dogger Bank C. The terms achieved are some of the best ever for a construction offshore wind project in the UK.
Oil price climbs as OPEC, Russia approve record output cut
Reuters – the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic and said they had an unprecedented deal with fellow oil nations, including the United States, to curb global oil supply by 20%. After four […]
Carbon Trust China Is Looking for A New Country Manager
Carbon Trust China is now looking for a new Country Manager based in Beijing.
China to ease restrictions on foreign investment
BEIJING – A new foreign investment law will ease restrictions on foreign investors and grant them easier access to the Chinese market, the Ministry of Commerce (MOC) said on Monday.
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China’s new oil-linked gas price to benefit producers, importers: Bernstein
China’s new natural gas pricing system, which links gas prices to fuel oil and LPG prices, would benefit local producers and importers of piped and liquefied natural gas as well as promote domestic production, Bernstein Research said in a note Thursday.
The new pricing system will kick off in South China’s Guangdong and Guangxi provinces. There is no clear timeline on when the pricing reform would be introduced to South China or when it would be extended to the other regions.
Chinese PV manufacturer Yingli completes world’s largest Hydro-PV hybrid project
The Chinese PV manufacturer has supplied 15 MW of modules for the Longyangxia Dam project, which has become the world’s largest PV and Hydro installation.
The project that started in March this year is expected to deliver 498 million kWh of PV electricity to the grid each year. The Longyangxia Dam is 178 meters high and supports a 1.28 GW power station.
Lack of Beijing “Consensus” May Result in Energy Super-Ministry
China is considering a proposal to create an energy “super-ministry” as part of a sweeping cabinet reshuffle in 2013, according to Reuters. A veteran official with the state-owned China National Petroleum Corp (CNPC)said the energy super-ministry would focus on policy rather than detailed regulation. The central government has been trying to draw up a long-term […]