State Grid Corporation and China Southern Power Grid (CSG), two leading state-owned electric utilities in the country all reported profit slump during the first quarter. State Grid bagged a total 568.88 billion ($80.41 billion) yuan of revenue during the first three months, down 8.85% from a year ago, according to its quarterly financial statement released lately. It also reported a net loss of 920 million yuan during the same period, a sharp fall of 106.03% from net profit of 15.3 billion yuan in 2019........ Read More

Construction of Chinese built and financed coal projects continues as existing power plants stand idle. The 6.6 gigawatt Hamrawein coal power proposal in Egypt has been shelved because of over-capacity concerns and a growing preference for renewable energy. Hamrawein was a proposal led by a consortium of China’s Shanghai Electric, Dongfang Electric and Egypt’s Hassan Allam Construction. The indefinite postponement of the enormous Belt and Road project, which would have been the second largest coal-fired power plant in the world, is a timely warning for other BRI countries planning greater reliance on coal power......... Read More

Shifting policies and an unstable economy have put energy storage on an unsure footing. Beside a sprawling solar panel factory in the eastern Chinese city of Suzhou stands a drab two-storey building that few people ever enter. Inside, stark rows of batteries store cheap electricity while the city sleeps each night. In the morning, when energy use and prices go up, the batteries release their power to the factory next door, reducing its electricity bill....... Read More

China Energy Transition Status Report from the Sino-German Energy Transition Project Learn more about the project - Download Report