2017-07-21 08:50:00

CHINA'S RENEWABLE UP

CHINA'S RENEWABLE UP

CHINA'S SOLAR RESOURCE

SHANGHAIDAILY - CHINA'S installed solar power capacity surged over the first half year amid shrinking costs and government policies.

Over the first six months, 23.6 gigawatts of solar power were installed, 34.2 percent higher from a year ago, UBS said yesterday, adding that it was "far more than expected as most domestic analysts predicted at the beginning of the year that only 20-25 gigawatts would be added for the whole year."

Of the installed solar capacity over the first half year, 7 gigawatts was by rooftop panels at consumers' homes, up from below 2 gigawatts a year ago, according to the China Electricity Council.

Alex Liu, UBS analyst, predicted that up to 40 gigawatts of solar power are expected to be installed across China this year, said Alex Liu, analyst at UBS.

Shrinking costs have powered the growth of solar power. Five years ago it cost around 1.5 yuan (22 US cents) to generate a kilowatt-hour of solar power. By the end of last year it cost under 0.6 yuan per kwh, Liu said.

China is also spurring solar power development by giving grants for solar projects and promoting installations in remote and undeveloped regions.

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Earlier: 

CHINA'S ENERGY DEMAND UP 

RUSSIAN GAS FOR CHINA 

AUSTRALIA - CHINA LNG UP 

CHINA'S RENEWABLE INVESTMENT: $368 BLN 

CHINA: THE TOP BUYER ANEW 

U.S. - CHINA TRADE DEFICIT: +13.8% 

CHINA'S OIL & GAS REFORM

 

 

Tags: EXXON, MOBIL, INDONESIA, GAS

Chronicle:

CHINA'S RENEWABLE UP
August, 16, 09:45:00

OIL PRICE: NOT ABOVE $52 YET

Brent crude futures LCOc1 were at $51.02 per barrel at 0218 GMT, up 22 cents or 0.4 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $47.70 a barrel, up 15 cents, or 0.3 percent.

CHINA'S RENEWABLE UP
August, 16, 09:40:00

OIL PRICES TAKES TIME

New data suggests that in 2Q17 global stocks fell by 0.5 mb/d and preliminary data for July, particularly in the United States where stocks fell by 790 kb/d, is supportive. Even so, we must not forget that they are falling from a very great height in volume terms. At the end of 2Q17, OECD commercial stocks, which are the component of the global total for which we have the most visibility, stood at 3 021 million barrels, still more than 219 mb above the five-year average although they have now fallen below 2016 levels. As an exercise, if OECD stocks fell by 0.5 mb/d until the end of 1Q18 when the current output agreements expire they would still be about 60 mb above the five-year average.

CHINA'S RENEWABLE UP
August, 16, 09:35:00

ЦЕНА URALS: $ 49,94

Средняя цена нефти марки Urals по итогам января - июля 2017 года составила $ 49,94 за баррель.

CHINA'S RENEWABLE UP
August, 16, 09:30:00

OPEC: GLOBAL OIL DEMAND WILL UP TO 97.8 MBD

OPEC said world oil demand in 2018 will grow 1.28 million b/d from 2017 levels, meaning that total oil consumption is expected to hit a new record high of 97.8 million b/d in 2018.

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