China widened its lead over the United States as the most attractive country for renewable energy projects, following its "greenest" five-year plan to date, Ernst & Young LLP said.
Association says growth is helping China keep apace of greater demand
North China's Shanxi province, a major coal production base, has eliminated all of its small collieries, each of which had an annual production capacity of no more than 300,000 tons, according to a senior coal industry regulator.
Chinese nuclear power developers are continuing preparations for new projects, signaling their undiminished appetite for the clean energy despite Japan's nuclear crisis.
The abnormally hot weather and severe drought in Central and South China has affected hydropower production and may lead to a severe power shortage this summer.
Yanzhou Coal Mining Co, China's fourth-largest producer, may raise more than A$1 billion ($1.1 billion) in an initial share for at least a third of its Australian unit by the end of the year.
China has taken a step forward in its efforts to explore deep-water oil and gas, with the announcement that two advanced pieces of deep-water equipment capable of operating at depths of 3,000 meters are near completion.
Xinjiang Goldwind Science and Technology Co Ltd (Goldwind), a leading Chinese wind turbine maker, announced here Tuesday that it had signed deals with four large international component suppliers, including three in the United States.
China is likely to face the most severe power shortage in its history this summer, with the electricity shortfall increasing to at least 30 gigawatts (gW) and estimated to peak at 40 gW, officials said.
China witnessed the worst power shortage in decades in 2004, but the country's leading power distributor said Monday that this year might prove worse.
Electricity companies in Northeast Asia are likely to reap rewards now that China's power distributor has decided to accelerate the construction of power transmission lines and substations as part of its effort to pave the way for a smart grid.
The construction of a Sino-Russian crude oil refinery is expected to start in the northern industrial city of Tianjin in the second half of the year, local officials said.