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Shanxi province plans to build 10GW energy storage by the end of 2030

The Shanxi (山西) energy bureau held a press conference to present the province’s energy roadmap in the next 10 years. By the end of the “14th Five-Year Plan”, new and clean energy will represent 50% of total installed capacity and 30% of total power generation. Pumped storage will be prioritized for energy storage. The province …

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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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