Latest news
China: Renewable energy growth to continue
China’s renewable energy capacity installation growth has been extraordinary, considering that its growth has been higher than the global average. The global average growth of wind energy capacity over the last 10 years registered only 25%, while China’s wind energy capacity increased at an annual average rate of 60%.
read more... 14/01/2013
China to double its installed solar power capacity in 2013
Chinese government intends to add 10 gigawatts (GW) of installed solar power capacity in 2013, up from 7 GW at the end of 2012, this new goal will more than double its installed solar power capacity in 2013 in comparison to 2012 when they suffered heavy losses because of the sliding foreign demand as Europe cuts subsidies for green power and panel prices drop by 30 per cent last year, virtually erasing firms’ profits.
read more... 10/01/2013
China to build a new nuclear power plant
China has started the construction of a new power reactor in December, after lifting a construction moratorium imposed following Japan’s Fukushima disaster. The 200MW capacity reactor, which is being built at Shidao Bay in Shandong Province and will have a total cost of about 3 billion yuan (475 million dollars), will start generating power by the end of 2017.
read more... 09/01/2013
Coal to dominate the 2013 markets in China and Europe
According to the World Energy Council , China detained an estimated 128 billion short tons of recoverable coal reserves in 2011, the third-largest in the world after the United States and the Russian Federation, about 13% of the world's total coal reserves. Chinese coal production increased to over 3.8 billion short tons in 2011, making China world’s biggest coal producer.
read more... 04/01/2013
Daily: Oil hits 4 week high above $112
Brent crude oil beat a four-week new record, higher than $112 per barrel on Wednesday, after the US Congress approved a deal to prevent a fiscal crisis, while promising data from top energy consumer China also supported prices.
read more... 03/01/2013