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CHINA has allayed fears that growing grid congestion could tap the brakes on its record pace of renewable installations, by relaxing limits on how much renewable power can be utilised in energy-rich areas.
CK Infrastructure’s US$113.5 million purchase of UU Solar, its second acquisition of UK renewable-power assets in two weeks, includes 70 solar, wind and hydropower projects.
(Bloomberg) -- China’s beleaguered solar manufacturers have seen their shares rebound in recent days as speculation mounts that the government will take steps to maintain the industry’s rapid build-up of capacity.Most Read from BloombergStock Traders Bracing for Worst Shrug Off Hot CPI: Markets WrapEx-Wall Street Banker Takes On AOC in New York Democratic PrimaryChina Has Never Canceled This Many Shipments of US WheatOne of the Most Infamous Trades on Wall Street Is Roaring BackUS Core Inflation
The battery industry is in the middle or late stage of a market clearing and is expected to break even and turn profitable next year, according to Sealand Securities.
China will set up pilot programmes in 100 cities and industrial estates nationwide as the world’s biggest polluter works its way towards its 2030 carbon peaking targets, a move which analysts expect will drive demand for low-carbon technologies and energy efficiency-enhancing equipment and services.