GreenergyDaily
Jun. 20, 2024
1. Chinese-built photovoltaic projects shining at Egypt's Benban Solar Energy Park advance the country's clean energy development and create job opportunities. The park with an expected total installed capacity of two gigawatts will reduce CO2 emissions by two mln tonnes annually.
2. China has treated 331 million mu (22 million hectares) of sandy land since 2012, reversing last century's sandy land expansion to achieve an annual reduction of 10 million mu at present, according to the National Forestry and Grassland Administration.
3. Global fossil fuel consumption and energy emissions hit all-time highs in 2023, even as fossil fuels' share of the global energy mix decreased slightly on the year, the industry's Statistical Review of World Energy report said on Thursday.
4. The Sichuan-Chongqing 1,000kV UHV AC project has successfully built its highest-altitude transmission tower at 4,750m in SW China. As the world's 1st high-altitude UHV AC power transmission line, it can help transmit over 35 bln kWh of clean electricity yearly upon completion in 2025.
5. The world's largest liquid air energy storage demonstration project in NW China's Qinghai is expected to be put into operation by end-2024, with an installed capacity of 60MW/600MWh. The project capitalizes on the numerous advantages of liquid air energy storage technology.
6. By the end of May, China installed 9.92 million chargers nationwide, a notable 56% YoY increase. Among them, public charging facilities reached 3.05 million units, surging 46% YoY, and private charging facilities rose 61% to about 6.87 million units.
7. BYD will reward CNY200,000 to CNY5 million (USD27,550 to USD688,720) to those providing effective clues and evidence about the car company's dark PR activities against BYD, including reputation attacks, Li Yunfei, GM of the Chinese auto giant's branding and PR department, said on Weibo yesterday.
8. New data has highlighted the slow transition to clean energy despite a big increase in renewables generation, seven months after COP28 set ambitious targets to speed up the transition away from fossil fuels.
9. Longi Green Energy Technology unveiled a new world record-setting M6 size wafer-level silicon-perovskite tandem solar cell at Intersolar Europe 2024 in Munich. The cell achieved a PV conversion efficiency of 30.1 percent and was certified by the Fraunhofer Institute for Solar Energy in Germany.
10. China set the yuan's daily reference rate at its weakest since November in a sign policymakers are loosening their grip on the currency. The People's Bank of China set the so-called fixing at 7.1192 per dollar, an increase of 33 ticks, the most in about two months. The move comes as the dollar inches closer to this year's peak, with traders betting on higher-for-longer interest rates in the US.
