GreenergyDaily

November 14, 2023

1. According to the National Energy Administration of China, the cumulative installed capacity of household distributed photovoltaics in the country has reached 105 million kW as of the end of September 2023. This achievement has boosted China's total installed photovoltaic power generation capacity to exceed 500 million kW, reaching 520 million kW.

2. On Nov. 14, the gas injection volume of PetroChina's gas storage facilities reached 17.14 billion cubic meters, an increase of 1.57 billion cubic meters year-on-year, exceeding this year's gas injection target.

3. On Nov. 14, Trina Solar's Chairman and CEO, Gao Jifan, spoke at the 6th China International Photovoltaic Industry Conference about the significant shifts in China's energy structure. According to Jifan, over the next 30 years, the proportion of photovoltaic power generation in China will increase from 3.4% to 39%. Additionally, Jifan mentioned that China's sandy desert spans over 1.22 million square kilometers, and if only 5% of the area is covered with solar panels, it would be enough to solve all of China's energy shortage problems.

4. On Nov. 14, at the 6th China International Photovoltaic Industry Conference, Trina Solar Chairman and CEO Gao Jifan said that China's energy structure is undergoing tremendous changes. In the next 30 years, the proportion of photovoltaic power generation will increase from 3.4% to 39%. At the same time, Gao Jifan said that China's sandy desert covers an area of 1.22 million square kilometers. If 5% of the area is covered with solar panels, all of China's energy shortage problems can be solved.

5. Exxon Mobil Corp. said Monday it planned to set up a facility in southwest Arkansas to produce lithium, a crucial raw material for electric vehicles, which poses one of the biggest challenges to the company's oil business. Coming just a month after Exxon said it would spend $60 billion to buy Pioneer Natural Resources, the announcement signals that the large oil company intends to hedge its big bets on conventional fossil fuels with at least some investments in cleaner forms of energy that are needed to combat climate change.

6. Fifteen Chinese cities, including Beijing, Shenzhen, and Chengdu, will pilot the operation of pure EVs used in public transportation to promote a low-carbon transportation system, according to a statement jointly released by eight Chinese departments yesterday.

7. China's Bozhong 19-6 gas field, the first 100-billion-cubic-meter gas field in the Bohai Sea, saw its phase I project begin operation on Tuesday, marking the country's breakthrough in the exploration of offshore deep-buried hill oil and gas reservoirs.

8. On Nov. 14, the Finnish Centre for Research on Energy and Clean Air (CREA) analyzed that China's carbon dioxide emissions will fall in 2024 due to record growth in the installation of new low-carbon energy sources. The main reasons include: China's installation of low-carbon power generation (especially wind and solar) in 2023 hit a record high; China's investment in production capacity has surged, especially in low-carbon technologies, including solar energy, electric vehicles and batteries.

9. Chinese new energy vehicle(NEV) startup Xpeng has completed the initial closing for the acquisition of assets related to ride-hailing giant Didi Global's smart electric vehicle business. Xpeng received all the assets from Didi's Smart EV project, the Guangzhou-based carmaker announced yesterday. In return, Xpeng issued new Class A ordinary shares of the company, representing 3.25 percent of its total equity, to Didi.

10. On Nov. 14, at the 6th China International Photovoltaic Industry Conference, Liu Hanyuan, Chairman of Tongwei Group, announced that China's photovoltaic manufacturing industry has advanced significantly through technological improvements and cost reductions. According to Liu, this progress has positioned China to be capable of playing a leading role in promoting the global energy transformation over the next 30-40 years.