Israel has rejected a bid by a Hong Kong-based conglomerate to build the country’s largest desalination plant, buckling to US pressure to curtail Chinese investments in sensitive areas of the economy, reported the Financial Times. The $1.5 billion Sorek 2 project, which could supply more than a third of Israel’s water, will be built by […]
Category: Energy & Environment
China’s top state-owned asset watchdog has required 40 coal plants in five western provinces to be consolidated into the leading power generator in each province, according to a Wednesday notice, reported Caixin. Of the 40 plants, 38 will be merged by June 30, with the remaining two joining within one year after the other mergers […]
China extended subsidies and tax exemptions for new-energy vehicles (NEVs) for two years but set the threshold at cars costing less than RMB 300,000 ($42,000), posting a challenge for Tesla’s relatively expensive battery-powered cars, reported Caixin. NEV incentives that were due to phase out by the end of this year will be extended until 2023. Subsidies […]
China has released a draft energy law that prioritizes the use of renewable power sources and aims to set future targets for both its production and its share of the country’s overall energy mix, reported Caixin. The draft law, which was three years in the making, aims to bring all of China’s disparate energy laws […]
GCL System Integration Technology Co. plans to build the world’s biggest solar-panel manufacturing plant, with capacity to meet half of global demand, reported Caixin. The Chinese manufacturer plans to invest RMB 18 billion ($2.54 billion) to construct a facility in eastern Hefei province that will be able to produce 60 gigawatts of solar panels a […]