China’s biggest private carmaker Zhejiang Geely Holding Group Co. will install photovoltaic cells on the roofs of all of its factories within two years as it seeks to reduce carbon emissions 25% by 2025, according to Gong Jin, chief executive officer of Geely JoiNet Energy Co. Geely JoiNet, the division charged with greening the automaker’s […]
Shell says electricity to meet 60% of China’s energy use by 2060 – EQ Mag Pro
China may triple electricity generation to supply 60% of the country’s total energy under Beijing’s carbon-neutral goal by 2060, up from the current 23%, Royal Dutch Shell (RDSa.L) said on Monday. Shell is one of the largest global investors in China’s energy sector, with business covering gas production, petrochemicals and a retail fuel network. A […]
China’s Risen Plans $7 Billion Solar Factory Run On Clean Energy – EQ Mag Pro
Risen Energy Co. is planning to build a 45 billion yuan ($7 billion) integrated solar power factory in Inner Mongolia that’ll run on clean energy. The plant will produce materials across the supply chain from industrial silicon to finished solar modules, the company said in a Dec. 27 filing with the Shenzhen stock exchange. It’ll […]
AIIB Report: Green Global Value Chains Can Strengthen China’s Competitiveness – EQ Mag Pro
China can capitalize on a higher participation rate in global value chains (GVC) to hasten its recovery from the pandemic, according to the 2021 Asian Infrastructure Finance (AIF) report released by the Asian Infrastructure Investment Bank (AIIB). GVC participation across China will largely rely on a combination of improving infrastructure, strengthening institutional quality and increasing […]
Federal International inks tentative deal with China’s SPIC unit to acquire solar assets for repair and upgrade – EQ Mag Pro
KUALA LUMPUR: Small-cap construction outfit Federal International Holdings Bhd’s joint venture outfit has inked a memorandum of understanding (MoU) with SPIC Energy Malaysia Bhd to acquire a stake in some operating solar energy assets. The MoU was inked between Federal International’s 50%-owned company Warrants RE Assets Sdn Bhd with SPIC Malaysia, “to acquire in part […]
China’s Xiaomi Completes Business Registration of Electric Vehicle Unit – EQ Mag Pro
The new unit, to be called Xiaomi EV Inc, opened with registered capital of 10 billion yuan ($1.55 billion) and Xiaomi CEO Lei Jun as its legal representative, Xiaomi said in a statement. Chinese smartphone giant Xiaomi Corp said on Wednesday it has completed the official business registration of its electric vehicle unit, marking the […]
China’s Uighur Labour Clouds Solar Sector As Aanel Prices Swell
TOKYO: China’s alleged abuses against Uighur Muslims in Xinjiang are now casting a shadow over the solar industry, as human-rights-conscious countries shy away from a region that is one of the world’s biggest sources of silicon. The price of silicon used to make polycrystalline wafers for solar panels now stands at more than US$27 per […]
High Complementarity to Boost China’s Investment in ASEAN
The enhancing economic ties between China and the Association of Southeast Asian Nations (ASEAN) have drawn attention worldwide, especially against the backdrop of intensifying China-US tensions. Recently Japan-based Nikkei listed several new investment projects from China to ASEAN countries, saying that China outspends the US in order to “undermine the US in the race for […]
Renewable Power Covers 29% of China’s Electricity Usage in 2020
Renewable power sources covered 28.8% of China’s electricity consumption in 2020, up 1.3 percentage points from 2019, the country’s National Energy Administration (NEA) said in a statement on Monday. China’s state planner in 2016 launched a scheme asking grid firms in some northern and northwestern to buy electricity generated by solar and wind power stations. […]
Are China’s Banks Going Cool on Coal Power Plants in Africa?
Green groups say ICBC has agreed it will not fund a controversial project in northern Zimbabwe Chinese lenders are finding the fossil fuel increasingly unattractive, analyst says Coal developers in Africa may be forced to find alternative sources of financing or shift into solar and hydro, as Chinese lenders gradually shy away from plants powered […]
