GreenergyDaily

August 24, 2023

1. The inner dome of the Taipingling nuclear power plant's Unit 2 was successfully capped Wed in S China's Guangdong, a step closer to full operation by 2025. The plant's phase I has 2 units, each of which can provide nearly 10 bln kWh of clean electricity for the Greater Bay Area annually.

2. China's Qinghai, rich in wind and solar power, ranks first in the country with the largest installed capacity of clean energy. The number totaled 40.76 million kW by end-2022, accounting for 91.2% of the province's total installed capacity.

3. Swedish waste collection company Envac AB commits to long-term cooperation with China, says its CEO in an interview.

4. China's first 270,000-m3 LNG storage tank has completed construction in Qingdao, E China's Shandong, its operator said Wednesday. With a diameter of 100.6 m, the 55-m-tall tank is the largest of its kind in the country and is expected to be put into use before end-2023.

5. On August 22, SinoHytec (HK: 02402) and Goldwind (HK: 02208) reached cooperation on developing wind power and hydrogen energy. The two sides will make efforts on relevant technological research and development, and cooperate on new energy projects, etc.

6. Chinese RMB remained the fifth most active currency for global payments, with a 3.06% global share in July, up from 2.77% in June, according to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial messaging services.

7. CNOOC and Singapore's Pavilion Energy have recently completed an international LNG sale transaction settled in RMB through the Shanghai Petroleum and Natural Gas Exchange platform International LNG Trading System. This marked the first international LNG sale transaction settled in RMB for offshore sales on the SHPGX.

8. China's BYD and South Korea's KG Mobility are in talks to jointly build an electric vehicle battery plant in South Korea, a source told Reuters on Wed. The two sides hope to secure stable battery supplies through the venture, said the source. Bloomberg said the factory aims to start mass production in January 2025, citing unnamed industry sources.

9. Promoting the energy transition is crucial to dealing with climate change, and renewable energy is playing an essential role, said Xin Baoan, chairman of the State Grid Corporation of China (SGCC), at the BRICS Business Forum on Tuesday.

10. Sungrow (SZ: 300274) released its semi-annual report for 2023 today. The operating income in 2023H1 was CNY 28.622 bln, up 133.06% YoY; the net profit attributable to shareholders of listed companies was CNY 4.354 bln, up 383.55% YoY. According to the report, as of June 2023, the cumulative global installed capacity of Sungrow's inverter equipment has exceeded 405 GW.