1. China-developed world's largest 18 MW direct-drive offshore wind turbine rolled off the assembly line in SE China's Fujian Fri. At an average annual wind speed of 10m/s, a single unit can output 72 mln kWh of clean electricity per year, reducing CO2 emissions by over 55,000 tonnes.
2. Recently, the first batch of mass-produced cars of BYD's Yangwang U8, a luxury electric SUV, officially rolled off the production line. It was officially launched on September 20, 2023, which is prized at CNY 1.098 million.
3. On November 12, Volvo's first all-electric MPV EM90 made its global debut in China and opened for pre-orders. It is built on the SEA platform and is positioned as a mid-sized MPV with a maximum range of 738 kilometers.
4. Bahrain is encouraging Chinese firms, especially from the EV industry, to invest in the Gulf country by providing affordable land and energy, Minister of Industry and Commerce Abdulla Adel Fakhro told Yicai. Bahrain's strong logistics network and infrastructure match China's Belt and Road Initiative, he added.
5. Recently, SPIC signed contracts worth $820 million at the 6th China International Import Expo held in Shanghai, with an increase of nearly 80% compared to the previous year. Over the past six years of the CIIE, SPIC has accumulated contracts worth $5.047 billion.
6. China's carbon dioxide (CO2) emissions are set to fall in 2024 and could be facing structural decline, due to record growth in the installation of new low-carbon energy sources, according to Carbon Brief.
7. Iraq has signed a settlement agreement with U.S. energy giant Exxon Mobil Corp to finalize its exit from the West Qurna 1 oilfield and allow PetroChina to become the field's lead contractor, a senior Iraqi oil executive said on Saturday. "We studied the settlement agreement and the oil ministry with the Basra Oil Company believe that the best option is for PetroChina to become the lead contractor of West Qurna 1," Hassan Mohammed, deputy Basra Oil Co. manager in charge of oilfields and licensing rounds affairs, told Reuters.
8. Martin Green, Father of Solar Energy, said at the Sixth China International Photovoltaic Industry Conference that companies in the U.S., Europe and India will compete with Chinese photovoltaic companies. With a huge energy demand, India may make a difference in global climate governance if it can increase the supply of solar energy.
9. On Nov, 13, according to China's Jiangsu Provincial Development and Reform Commission, the province plans to build two 10-million-kW clean energy bases for offshore wind power and offshore photovoltaic by the end of 2027 to further promote the green and low-carbon development of local industries.
10. China has started construction of the world's largest offshore solar power plant, also the country's first 1-GW offshore PV project, in E China's Shandong. The plant is expected to generate 1.78 bln kWh of electricity annually upon completion, cutting 1.44 mln tons of CO2 emissions.