On January 23, Aksai New Energy achieved a significant milestone in Jiuquan, Gansu Province, with the successful installation of 11,960 heliostats for their solar hybrid project. Heliostats are movable mirrors that play a crucial role in harnessing solar energy. This groundbreaking moment marks a significant step forward in China’s renewable energy sector.
In this week’s Caixin energy wrap, we delve into the latest developments in China’s climate and energy landscape. Here are some highlights:
– China is actively seeking breakthroughs in “future energy,” aiming to enhance its capabilities in renewable energy sources such as wind and solar power. The country recognizes the importance of transitioning to cleaner and more sustainable energy options.
– Clean energy has emerged as a top driver of China’s economic growth. The government has been actively promoting the development and adoption of clean energy technologies to reduce pollution and carbon emissions.
– CATL, one of China’s leading battery manufacturers, is venturing into offshore wind energy. The company plans to build its first offshore wind farm, further expanding its presence in the renewable energy sector.
– Despite the push for clean energy, the share of coal power generation in China has rebounded. This indicates that coal still plays a significant role in the country’s energy mix, but efforts are being made to reduce its overall contribution.
– Merck, a global pharmaceutical company, has signed a long-term green power deal. This demonstrates the increasing trend of companies committing to using renewable energy sources to power their operations, contributing to a more sustainable future.
China is actively setting up tracks for the future of energy. The country recognizes the importance of transitioning to cleaner and more sustainable energy sources to combat climate change and reduce reliance on fossil fuels.
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