Britain eliminates the requirement for planning consultation to accelerate major infrastructure projects
The British government announced on Thursday that it will remove the mandatory requirement of a 'pre-application consultation' for major infrastructure projects by the end of this month. This planning reform, according to the government, would cut a 'approval timeframe down by up to 12 months. The Labour government of Prime Minister Keir Starmer has placed planning reform at the heart of its plan to boost economic development.
China Resources New Energy shares have tripled in value after the largest IPO in Asia for 2026
China Resources New Energy's share price almost tripled on its Shenzhen debut Thursday after the wind and solar energy company raised $24.5 billion ($3.61 billion), Asia's largest initial public offering this year. The IPO price was 10.11 yuan. The stock surged up to 198%, which triggered a short trading suspension. The debut is a test to see if mainland…
China Resources New Energy will debut on July 2, the biggest IPO in Asia this year.
China Resources New Energy is set to begin trading in Shenzhen, China on July 2, after an initial public offer that could raise as much as 24.5 billion yuan (3.6 billion dollars). This will be the largest IPO ever for Shenzhen and Asia. China's stock exchange has just witnessed a?blockbuster deal that tests the appetite of investors for clean energy. Beijing is targeting half its electricity to come from non-fossil fuels by 2030.
Sources say that the US is working on a ban against Chinese energy inverters.
Five?people familiar with the situation' say that the Trump administration is working on a ban of imports of foreign inverters which connect solar panels and batteries to the power grid. They are concerned China may use them to disrupt the supply of electricity. Sources say that the rule?being drafted? by the U.S. Federal Communications Commission could be published this year and would apply to 'new foreign' inverter models.
Report: US wind and solar investments could be threatened by $121 billion of stalled permits.
A report released on Monday found that Trump administration policies 'that have stalled permits of renewable energy projects' are putting $121 billion in investment at risk, and slowing the development of 'wind, solar, and storage.capacity required to meet increasing?power demand. Wood Mackenzie's findings highlighted the tension between President Donald…
Report: US wind and solar investments could be threatened by $121 billion in stalled permits
A report released on Monday found that Trump administration policies have slowed permits for renewable energy project, putting $121 billion in investment at risk. Wood Mackenzie, a research firm in energy, found that President Donald Trump was torn between his desire to accelerate energy infrastructure for artificial intelligence and his opposition to the renewable energy.
Projects are rushed as prices soar due to the Trump Clean Energy Tax Credit Cutoff
Solar developers in the United States have secured federal subsidies to help them build a large number of solar projects that will nearly double their current capacity. They are rushing to beat a deadline on July 4, which could cause a sharp increase in renewable power costs. The projections show the loss of 'valuable renewable energy credits worth at least 30 percent of project costs. This change threatens to increase U.S.
Solar Manufacturing Group seeks US Trade Probe of Korea Cell Imports
According to a petition seen, three solar panel manufacturers urged U.S. officials to investigate imports of cells from South Korea, claiming that producers such as Hanwha’s?Qcells were using them to evade U.S. tariffs for Chinese products. Canadian Solar, SEG, and Heliene all have solar panel factories in the United States. The group American Manufacturers…
Swedish and Dutch fans celebrate before World Cup clash
Two heavyweight fan groups are bringing the heat in Houston to a halt as they prepare for the World Cup Group F match between Sweden and Netherlands. A maypole was planted in a hotel courtyard, and fans wore flower crowns while DJ music played in the background. Andreas Richt is the head of the Swedish supporters' group who organised the event. Sweden will be aiming to regain their confidence after a disappointing draw against Japan.
China Resources New Energy will raise up to $3.6 Billion in Shenzhen’s largest IPO
A filing on Thursday showed that China Resources New Energy has set its price for Shenzhen's IPO at 10.11 Yuan per share. This could raise as much as $24.5 billion ($3.6 billion), if the option to sell more shares is used. China Resources Power's renewable unit will raise 21,30 billion yuan, but if demand is high it can exercise a greenshoe option and sell additional shares.
China's fossil fuelled power continues to rise in May despite weak wind output
Data from the'statistics bureau' showed that China's fossil fuelled power generation, which is mainly derived?from coal, but also includes a small amount of natural gas, increased by 2.1% from a year ago in May, as wind speeds decreased. The National Bureau of Statistics reported that fossil-fueled or thermal power grew 3.4% in the first five month of the year.
China is'strongly unhappy' about the Pentagon's move against top Chinese technology firms
China is "strongly disappointed" by the U.S. decision to add several large Chinese firms to the Pentagon list of companies it claims are aiding China’s military, said Saturday's commerce ministry. The Foreign Ministry has also expressed concerns about the U.S. Defense Department updating its long-awaited list on Monday. This included top technology names such as ecommerce giant Alibaba…
China Resources New Energy Plans $3.6 Billion Shenzhen IPO
China Resources New Energy (the'renewable energy division' of?China Resources Power) plans to raise approximately 24.5 billion Yuan ($3.62billion) through a Shenzhen Initial Public Offering, according to the prospectus it filed on Thursday. The company operates photovoltaic and wind farms in China, and is the group's primary renewable energy platform. According to the filing…
US adds Chinese battery, solar firms to military-linked list
The U.S. added some of the largest solar and battery manufacturers in the world to a list that it believes is aiding China's militaries. Washington has added Trinasolar, JA Solar Technology, and a number of other top technology companies to the long-awaited list of names?on monday. These include e-commerce giant Alibaba, and internet search provider Baidu.
Qcells begins cell production in Georgia factory, a milestone for US solar
Qcells is the U.S. arm of Hanwha's solar division in Korea. The company announced on Tuesday that it had begun'making solar cells' at its Cartersville factory, Georgia. This was a significant milestone for the United States' efforts to reduce reliance on imported 'equipment' from Asia. The production of cells is an important step in Qcells' quest to produce all key components for a silicon-based panel.
Nvidia's AI PC push banks on unproven demand beyond niche users
Analysts said that Nvidia’s entry into AI PC market last week with its RTX Spark Superchip is less a breakthrough 'for regular users as it is a high-stakes wager on a concept which has been largely unproven to find a 'wider appeal. The chipmaker at the Computex show in Taiwan pitched a future that laptops would run large 'AI models' locally and function as personal 'digital agents. No cloud is needed.
China's major solar companies are focusing on batteries to boost panel sales as they falter
China's largest solar panel manufacturers are increasing exports of higher-margin batteries to boost revenues as the growth in PV sales slows. They bet on growing global demand for renewable energy storage, to reduce reliance on fossil fuels. Executives expect global demand to drop in 2026 due to weaker domestic installations, slower exports and record low prices.
Experts say that green jobs cannot solve South African unemployment.
According to the most recent government statistics, nearly one in three South Africans is unemployed. Experts say that the true level of unemployment is likely to be around 10% higher. They say that youth unemployment is about 60%. As part of the Just Energy Transition Investment plan, South Africa has phased out only one coal-fired plant, Komati, in Mpumalanga Province.
BlackRock's Atlas invests $1 billion into renewable energy in Brazil
Atlas Renewable Energy has put on hold plans to invest $1 billion in Brazil because the Brazilian grid operator has repeatedly rejected renewable energy, said CEO Carlos Barrera. Barrera noted that Atlas, owned by BlackRock's Global Infrastructure Partners, had planned projects for last year and this, noting that the company's existing projects were curtailed up to 15%-25% in the second quarter.
Andy Home: Investors are still betting on scarcity despite the rebalancing of ROI-Tin
What can tame a wild tin industry? The London Metal Exchange's (LME) smallest base metal contract continues to defy the market. LME 3-month tin trades?at $55,225 a metric ton. This is close to the previous all-time record of $59,040, which was reached during the febrile cross-metals rally that took place in January. In March 2022 metal prices rose in response to Russia's invasion of Ukraine.
