GreenergyDaily
Jan. 8, 2024
1. The Changjiang nuclear power plant recently saw the inner dome of its No.4 unit using Hualong One, a domestically designed 3rd-generation nuclear reactor, installed into place in south China, laying a solid foundation for the following installation & debugging work.
2. China Evergrande New Energy Vehicle Group said today that its executive director Liu Yongzhuo was detained on suspicion of illegal activities. The firm's stock resumed trading at 1 p.m. after being suspended in the morning trading session, according to Yicai.
3. China's first mass-produced new electric vehicle featuring a sodium-ion battery was recently delivered. The battery pack with a capacity of 23.2 kWh enables a driving range of up to 230 km and boasts faster charging performance and safer transportation than lithium-ion batteries.
4. China's plateau province of Qinghai has been leveraging its new energy potential to advance green development. The province's total installed capacity of clean energy soared by 23.77% YoY to 51.07 million kilowatts in 2023, with new energy becoming its largest power source.
5. The energy storage market is expected to maintain rapid growth in 2024, and the new installed capacity is anticipated to exceed 35GW, said Yue Fen, deputy secretary-general and associate researcher of China's Zhongguancun Energy Storage Industry Technology Alliance, according to Jiemian News today.
6. The world's biggest banks generated fees of $3 billion on green bonds and loans last year, which is quite a bit more than they made financing fossil fuels, according to data compiled by Bloomberg.
7. Shell Plc said earnings from gas trading would be significantly higher in the fourth quarter, but profits from buying and selling oil products and chemicals will be lower. The London-based major said it benefited from seasonal shifts in gas market and higher production of liquefied form of the fuel, a key driver of profits, according to a trading update on Monday.
8. The first generating units of the Datang Tuoketuo 2GW outward power transmission project, one of China's first large-scale wind power and photovoltaic base projects, has been connected to the grid. It can produce over 4.1 TWh of green electricity annually once fully operational.
9. One of China's biggest auto dealers China Grand Automotive Services Limited is mulling various strategies for its 9.125% note maturing Jan. 30, including offering some cash payment upfront and extending the remainder of the principal by more than a year, according to Bloomberg citing people familiar with the matter. Deutsche Bank AG and China International Capital Corporation have reached out to some investors to discuss the plan, the people said.
10. China's Zhongman Petroleum And Natural Gas Group announced that the company had signed 53 contracts in the fourth quarter of 2023, with a total contract value of approximately RMB 455 million.
