China has released its “15th five-year plan for the development of renewable energy”, outlining key targets and policies for the sector in 2026-2030. A key focus of the plan is boosting renewable generation and consumption as a share of China’s overall energy mix. It calls for continued capacity additions of wind and solar – albeit…
The next global battery race may not be fought over electric vehicles. As governments seek to reduce dependence on China’s lithium supply chain and artificial intelligence fuels a surge in electricity demand, a new battleground is emerging: long-duration energy storage.That is the opportunity Offgrid Energy Labs is chasing. The company traces its origins to IIT…
ORDOS, China (AP) — Seen from the air, the arrays of more than 3 million solar panels shimmering in the desert sun at the Dalad Banner solar farm are arranged in the shape of a galloping horse – a symbol of Inner Mongolia’s nomadic heritage. A short drive away stands one of the region’s many…
ORDOS, China (AP) — Seen from the air, the arrays of more than 3 million solar panels shimmering in the desert sun at the Dalad Banner solar farm are arranged in the shape of a galloping horse – a symbol of Inner Mongolia’s nomadic heritage. A short drive away stands one of the region’s many…
Today’s ESG Updates China Targets Record Renewable Energy IPO: China Resources New Energy is seeking to raise $3.6 billion through what could become Shenzhen’s largest-ever IPO, with proceeds earmarked for new wind and solar projects. EU Agrees Carbon Market Safeguards: The European Union has approved stronger price controls for its upcoming carbon market to help…
Hong Kong has launched a new solar farm built on restored landfill in Tseung Kwan O that aims to cut carbon emissions by an amount equivalent to planting about 20,000 trees each year. Jointly developed by environmental services firm Veolia and developers Sun Hung Kai Properties (SHKP) and Citic Pacific, with government support, the facility…
As the leaders of the world’s two largest economies meet in Beijing this week, a new analysis underscores a growing divergence between China and the United States in shaping the global energy system. While Chinese companies continue to expand their dominance of clean energy industries, the data shows, their American counterparts are withdrawing from those…
BANGKOK (AP) — Have you “become Chinese”? In recent months, 20-somethings around the world have taken over social media with posts enthusing about how they’re embracing Chinese ways of life. Videos proclaiming users are “Chinamaxxing,” or “in a very Chinese time of their lives” — namely by drinking hot water with boiled goji berries, eating…
EnerVenue – a rechargeable battery start-up co-founded by Full Vision Capital, the family office of Hong Kong tycoon Peter Lee Ka-kit – has raised US$300 million in its latest round of financing and appointed a new CEO to accelerate the large-scale industrial deployment of its cutting-edge energy storage technology. The California-based company – which also…
When Gary Dirks arrived in China in 1995, the country’s government was looking to source more of its energy at home. Dirks was the incoming country head for BP, but efforts to find more oil and gas in the country had largely fizzled. So government leaders pivoted, Dirks said. China invested heavily in its domestic…