CHINA'S RENEWABLE UP
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.
|March, 19, 08:19:00|
|March, 19, 08:15:00|
|March, 19, 08:10:00|
|March, 19, 08:05:00|
|March, 19, 08:00:00|
|March, 18, 11:45:00|
PENNENERGY - The Trump administration accused Russia on Thursday of a concerted, ongoing operation to hack and spy on the U.S. energy grid and other critical infrastructure, and separately imposed sanctions on Russian officials for alleged high-tech interference in the 2016 American presidential election.
IAEA - IAEA Director General Yukiya Amano commended efforts by Pakistan to increase nuclear safety and security as the country works to triple its nuclear power capacity. Prime Minister Shahid Khaqan Abbasi commended the IAEA for the support provided to Pakistan in the use of peaceful nuclear applications. Pakistan “was ready to further strengthen its partnership with the IAEA and contribute towards the achievement of the Sustainable Development Goals worldwide,” the Prime Minister said.
PLATTS - "The increase in competition induced new practices in the market that resulted in imports returning to normal," Petrobras' Jorge Celestino said during a presentation of the company's 2017 financial results.
PLATTS - The objective of this program is to increase its domestic refinery utilization rates to 90% from current levels of 10-20%, Kragha said speaking to Platts in Cape Town on the sidelines of the African Refiner Association conference.