Since the NEA released the 2020 RPS targets of 24 provinces earlier this year, the renewables market in China has been curious about how the RPS would impact the renewables consumption status in various provinces.
On August 27, the National Development and Reform Commission (NDRC) and National Energy Administration (NEA) issued a public consultation on the "Guidance on the Construction of Renewables + Thermal Power + ES Integration and Power Generation + Power Grid + Power Consumption + ES Integration”.
The Azure Research team has studied and analyzed the latest results on China’s solar grid parity projects of 2020.
Largely affected by the COVID-19 pandemic, CNOOC saw a 30% YoY decrease in sales of oil and gas in the first half of 2020, putting its half-year revenue at a relatively low CNY 66 billion.
In March 2020, the first "marine ranching (aquaculture) + offshore wind" hybrid demonstration project in China, which is made up of the Changyu City Marine Ranch and Three Gorges 300MW offshore wind farm (LZW3), has undergone marine survey and inspection.
The Office of the “Leading Group for Promoting the Comprehensive Deepening of Hainan’s Reform and Opening-up” has recently issued the "Hainan Energy Comprehensive Reform Plan" (hereinafter referred to as the "Plan").