China’s new plan for renewable energy development focuses on consumption

China’s focus on consumption penetration for renewable energy development in its recently released 14th five-year plan – 2021 to 2025 – rather than capacity installations, should add flexibility in adding installations and alleviate curtailment risk, Fitch Ratings said in a note. China targets for renewables to supply 33% to national power consumption by 2025, and […]

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India ranks third globally in renewable energy capacity addition in 2021: REN21 Report

India ranked third in renewable energy installations in 2021, after China and Russia, according to a global status report. India installed 15.4 gigawatts (GW) of renewable energy projects in 2021, said the report titled Renewable Energy 2022: Global Status Report published by REN21 (Renewable Energy Policy Network for the 21st Century). REN21, a global collective […]

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China’s cotton imports seen lower on high stocks, subdued consumption, says USDA

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China 2021/22 cotton imports are forecast to fall more than 4.3 million bales from the previous year to 8.5 million, down 300,000 bales this month and significantly less than previous projections, the US Department of Agriculture said in its latest monthly report. It said this was mainly because massive earlier imports were still in bonded […]

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Pricey critical minerals, supply chain disruption obstacles to rising EV demand – report

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Soaring prices for some critical minerals essential for battery manufacturing, as well as supply chain disruptions caused by Russia’s attack on Ukraine and by continued Covid-19 lockdowns in some parts of China, are the greatest obstacles to continued strong global electric vehicle sales, the International Energy Agency (IEA) said. Ensuring future growth will demand greater […]

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China says coal output up 10.5% in first four months

China’s raw coal output posted double-digit growth in the first four months of 2022, driven by policies to increase production and supply, official data showed, according to the state-run Xinhua news agency. It quoted the National Energy Administration as saying that the output jumped 10.5 percent year-on-year in the January-April period. In the first quarter, […]

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