China’s first offshore wind bidding project will be equipped with an energy storage system

China’s first offshore wind bidding project will be equipped with an energy storage system

Meiqi Power and Shanghai Green Energy recently signed a project cooperation framework agreement to jointly develop and build the Shanghai Fengxian offshore wind energy storage project – setting a new domestic benchmark for large-megawatt “wind power + energy storage” projects.

Will corporate bonds be the answer to China’s renewable energy subsidy payment backlog?

Will corporate bonds be the answer to China’s renewable energy subsidy payment backlog?

It has recently been leaked – during a bond issuance promotion meeting – that the Ministry of Finance (MoF) and other relevant authorities have agreed to issue bonds via the country’s two major power grid companies – State Grid and China Southern Grid – in an attempt to resolve the chronic renewable energy subsidy payment delays.

National power consumption saw 2.3% YoY increase in August alone

National power consumption saw 2.3% YoY increase in August alone

From January to August, China’s cumulative national power consumption totaled 6.824TWh, a 0.7% YoY decrease.

CGN New Energy wind power generation increases 42.5%, solar increases 54.5% YoY

CGN New Energy wind power generation increases 42.5%, solar increases 54.5% YoY

CGN New Energy has reported that between the months of January and July its total power generation was 7.9TWh, seeing a 1.7% YoY increase.

Selected renewables companies in China’s western region can enjoy 15% of corporate tax cut from 2021 to 2030

Selected renewables companies in China’s western region can enjoy 15% of corporate tax cut from 2021 to 2030

The National Development and Reform Commission (NDRC) has issued a public consultation on the List of Encouraged Industries in the Western Region (2020, Draft for Comments).

Is China approaching an imminent boom in renewables application to its public transport facilities?

Is China approaching an imminent boom in renewables application to its public transport facilities?

The Ministry of Transport has recently released Guidance on the Promotion of New Infrastructure Development in the Field of Transport, which has illustrated a blueprint of new infrastructure construction in the field of transportation by 2035.