China’s major solar panel manufacturers are ramping up higher-margin battery exports to boost revenue as growth in photovoltaic (PV) sales slows, reports Reuters. This comes as they are betting on rising global demand for renewable energy storage to cut reliance on fossil fuels. The sector has been hit by weaker domestic installations, slowing exports and record-low […]
Category: Energy & Environment
Construction of a $1 billion Chinese-invested hydropower station has begun in Cambodia to facilitate the Southeast Asian country’s use of renewable energy, reports the South China Morning Post. This comes as the fallout from the Iran war constricts developing countries’ access to traditional fuel supplies. Work on the Upper Tatay pumped-storage hydropower project in the hilly […]
Shares of Sigenergy Technology, a Chinese residential energy storage manufacturer, surged more than 100% during its Hong Kong trading debut on Thursday, reports Caixin. This pushes the startup’s valuation to HK$162.8 billion ($20.8 billion). The Shanghai-based company raised HK$4.4 billion by offering 13.6 million shares in its initial public offering (IPO), with the stock closing at […]
China set a cautious new climate target for the rest of the decade, reports Bloomberg, which says the goal frustrates hopes for tighter policy that would accelerate the nation’s work to curb emissions. A new goal pledges to cut carbon emissions per unit of GDP by 17% by 2030 and compares to a previous objective to […]
Li Shufu, chairman of vehicle manufacturer Geely, has proposed that China promote methanol-powered trucks for medium- and long-distance freight, reports Caixin. He argues they offer a practical way to decarbonize a sector where electric and hydrogen options have struggled to gain traction. Li, a member of the Chinese People’s Political Consultative Conference (CPPCC), submitted the […]