Electricity market

Corporate Net Zero pathways: Purchase of green power expected to takeoff in Shandong as provincial government cracks down on ‘two high’ projects

Two high industries are pressured to reduce their emissions As China’s 3rd economy with a high share of the country’s industrial production, Shandong province accounted for more than 58 % of the total cumulative transaction amount of carbon emissions allowances in China up to the end of 2021. The recent “Measures for Alternative Carbon Emission …

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Quzhou, Zhejiang to subsidize distributed solar projects grid connected this year

The People’s Government of Kecheng District, Quzhou City issued a notice on promoting innovation and accelerating high-quality economic development. The notice mentions that subsidies will be distributed to rooftop and building integrated solar projects: For solar projects built on the roofs of industrial and commercial buildings and public buildings, the subsidy standard is 0.4 CNY …

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Zhejiang Swire Coca-Cola acquires 30 GWh of green electricity via a PPA

On April 22, Zhejiang Swire Coca-Cola Beverage Co., Ltd. and Datang Power Zhejiang Branch signed a power purchase agreement for the purchase of 30GWh of green electricity for the Zhejiang Swire Coca-Cola Xiasha Factory. The plant’s average annual consumption in the past five years reached 50GWh. Together with the solar power generation installed on its …

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31 Chinese energy actors team up to promote eight major technologies for a new power system

Led by China State Grid Corporation (SGCC), 31 major Chinese energy actors have joined the ‘new power system technology innovation alliance’. These include energy groups such China Three Gorges, SPIC, Goldwind, or BYD, and universities such as Tsinghua or Shanghai Jiaotong University. The main aim of this alliance will be to promote eight major power …

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