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China’s coal mines profits triple driven by high coal prices

According to the Shaanxi Coal Industry (陕西煤业) semi-annual report, in the first half of 2022, Shaanxi Coal Industry achieved revenues of CNY 83.69 billion (USD 12 billion), a year-on-year increase of 14.86%, and realized a net profit of CNY 24.598 billion (USD 3.6 billion), a year-on-year increase of 196.60%. This makes Shanxi Coal Industry the …

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Western Inner Mongolia cancels preferential electricity prices for strategic emerging industries

Inner Mongolia’s Development and Reform Commission (DRC) issued a notice stipulating that from September 1st, preferential electricity prices for strategic emerging industries will be cancelled in line with the national DRC’s aim to eliminate ‘unreasonable preferential electricity price policies’. In 2021, Inner Mongolia’s DRC released a ‘Notice on Regulating the Electricity Price Policies of Various …

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In 2030, Fujian wind and solar installed capacity will reach 20GW

A carbon peak and carbon neutrality work plan released by the Fujian GOV includes the following targets up to 2060: By 2025, the proportion of non-fossil energy consumption will reach 27.40%. By 2030, the proportion of non-fossil energy consumption will reach more than 30%, and the total installed capacity of wind power and solar power …

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Shaanxi province cancels more than 1 GW of wind and solar projects

Recently, several cities and counties in Shaanxi province (陕西) issued a “Notice on Sorting Out the Renewable Energy Projects in the 13th Five-Year Plan”, including Baoji City, Fugu County, Yang County, Xianyang City, Xi’an City, and Weinan City. According to their respective notice, 25 wind power projects representing a total of 779.5MW and 7 photovoltaic …

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