Tag Archives: China

Berlin is planning to introduce a special industrial electricity tariff ranging between €0.05 and €0.09 per kilowatt-hour in order to boost the country’s competitiveness and push back against US and Chinese subsidies. Electricity has always been pricey in Germany – a 2015 study by the Fraunhofer Institute found that the …

Oil declined as China’s modest new growth ambitions and the prospect of tighter U.S. monetary policy posed headwinds for global fuel consumption. West Texas Intermediate traded below US$79 a barrel after gaining more than four per cent last week. China’s Premier Li Keqiang announced a goal for gross domestic product …

Oil prices fell in morning trading on Monday after China’s set a modest target for economic growth for this year. Brent, the benchmark for two thirds of the world’s oil, was trading 0.71 per cent lower at $85.26 a barrel at 9.58am UAE time while West Texas Intermediate, the gauge …

China signaled coal will retain its role as the country’s mainstay fuel even as the government continues to support the expansion of its world-leading clean energy industry. The nation that mines and burns more than half the world’s coal will keep supporting the fuel, while targeting more efficient consumption and …

Russia will no longer rely on the West for its energy trade and its new energy policy will be oriented towards more reliable partners like India and China, said Russian Foreign Minister Sergey Lavrov in Delhi on Friday. “We would not rely anymore on any partners in the West. We …

With the world’s largest station for iron-chromium flow battery tested on Tuesday in north China, the country has paved a new path for renewable energy storage. An iron-chromium flow battery is a new energy storage application technology utilizing the chemical properties of iron and chromium ions in the electrolyte. It …

Southwest China’s Yunnan Province on Monday inked photovoltaic project deals with a total generation capacity of 10 gigawatts in a green drive to alleviate its power supply shortage. Yunnan Provincial Energy Investment Group and Yunnan Provincial Investment Holdings Group signed the project deals with parties from seven prefectures and cities …

The proportion of China’s electrical energy is expected to exceed 30 percent of the country’s total terminal energy consumption by 2025, according to a report released by China Electric Power Enterprise Federation on Friday. Statistics showed that China’s current terminal energy consumption electrification rate stands at 27 percent, higher than …

China commenced the construction of the world’s highest ultrahigh-voltage electricity transmission project, from Southwest China’s Sichuan Province and Xizang Autonomous Region to Central China’s Hubei Province, media outlet the Sichuan Daily reported on Tuesday. The transmission project will transmit about 40 billion kilowatt hours of electricity including hydro electricity from …

With the fading of economic headwinds and easing of global financial conditions, China and India alone are expected to contribute more than half of global growth this year, with the rest of Asia contributing an additional quarter, International Monetary Fund IMF) said on Tuesday in its blog post on Asia’s …