Latest news
China’s wind power capacity reached a new record
China’s largest power grid operator, State Grid Corporation, has announced that nation’s on-grid wind power capacity has increased considerably, reaching 50.26 GW, or a yearly growth of 87% over the past six years and will continue to rise to 100 GW by 2015 and 200 GW by 2020. Wind farms are the second largest contributor to renewable energy capacity after hydropower.
read more... 20/08/2012
China Cut 2012 Coal Production Target to 3.6 billion tonnes
According to the National Development and Reform Commission, China, the world's top coal producer and consumer, sets coal output targets for 2012 at top three producing regions at 3.65 billion tons, down as much as 7 percent in comparison to 2011. The cuts are partially intended to help stabilize domestic coal prices as demand has fallen sharply due to the slowing economy.
read more... 15/08/2012
China boosts its solar energy target for 2015
The Chinese government revealed that the country has increased its 2015 target for solar energy by 40%, envisaging developing 21GW.
read more... 14/08/2012
Daily: Brent crude declines on sharp slowdown in China’s trade flows
Brent crude declined below $113 a barrel on Friday following a considerable slowdown in China’s trade flows which intensified concerns about demand for fuel, offsetting hopes of stimulus measures aimed at boosting the global economic growth. Brent crude for September delivery slipped 63 cents to $112.59 by 06:51 GMT, while U.S. crude traded down 39 cents at $92.97.
read more... 10/08/2012
Daily: UK gas down on an oversupplied system
Brent crude traded above $112 a barrel on Thursday on hopes that China will offer more stimulus to support its economic growth and fuel demand.
read more... 09/08/2012