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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
2018, June, 20, 12:45:00

NORWAY'S OIL PRODUCTION 1.629 MBD DOWN 236 TBD

NPD - Preliminary production figures for May 2018 show an average daily production of 1 629 000 barrels of oil, NGL and condensate, which is a decrease of 236 000 barrels per day compared to April.

CHINA'S RENEWABLE UP
2018, June, 20, 12:40:00

LIBYA'S OIL PRODUCTION DOWN 400 TBD

PLATTS - Libyan crude production has fallen around 400,000 b/d -- or nearly halved -- due to militia attacks on the eastern oil terminals of Ras Lanuf and Es Sider, the head of the country?s National Oil Corp. said Tuesday.

CHINA'S RENEWABLE UP
2018, June, 20, 12:35:00

VENEZUELA'S OIL PRODUCTION DOWN

PLATTS - Venezuela's crude output averaged 1.36 million b/d in May, down from 1.41 million b/d in April, and 1.9 million b/d in May 2017, according to S&P Global Platts. The International Energy Agency said it could fall to 800,000 b/d or even lower next year.

CHINA'S RENEWABLE UP
2018, June, 20, 12:30:00

NIGERIAN OIL SALES

PLATTS - Nigerian oil has been slow to sell this month as bidders for the country's July-loading heavy and light sweet crudes have been absent from the market. Market participants pegged the amount of unsold Nigerian barrels loading in July at 20 million-34 million barrels, amounting to roughly 40%-75% of what is produced in a month.

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