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Wind energy

Wind energy
Wind energy is one of the most-produced renewable energy. Harnessing wind energy for power generation is now a mature technology, and is cost-competitive relative to power generated from fossil fuels like coal and natural gas. Proliferation of wind energy production is a key solution for the world to cut energy-related emissions and fight climate change.
A worker produces photovoltaic modules in Jiangsu province. Photo: AFP
Business of climate change

Beijing crackdown on solar industry ‘too little, too late’: US advisory firm

Clean Energy Associates says ‘measures lack sufficient substance to impact the already established online manufacturing capacity’.

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China energy security

China’s non-fossil-fuel power capacity tops 2,000GW for first time ever

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Banking & finance

Towngas unit’s 2024 profit gains as renewable energy bets pay off

Business of climate change

Overcapacity, trade curbs eat into China’s cleantech dominance: S&P Global

China’s share of solar-module and battery manufacturing to drop by up to 19 percentage points by 2030, rating company says.

An employee inspects a solar panel at a workshop of a photovoltaic enterprise on December 25, 2024 in Lianyungang in China’s Jiangsu province. Photo: VCG via Getty Images
Business of climate change

China to allow market forces to set solar, wind power prices

Change from fixed pricing will ‘set a solid foundation for the construction of a unified national electricity market system’, analyst says.

Business of climate change

China must refocus renewable energy investment to distribution: Natixis

Natixis says China’s power-equipment industry needs to shift its investment focus to storage and distribution infrastructure.

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Climate change

Opinion | How battery storage development can wean China off fossil fuels

As China’s green transition faces external and domestic hurdles, a focus on energy storage capacity will help Beijing meet climate targets.

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A staff member from the Institute of Rock and Soil Mechanics of the Chinese Academy of Sciences patrols the 300MW compressed air energy storage station in Yingcheng city, central China’s Hubei province, on December 24, 2024. Photo: Xinhua
Business of climate change

Chinese firms install record power capacity in belt and road nations: report

Reliance on dirty energy sources remained big at 48 per cent of projects in 2024, versus 55 per cent in 2022, report showed.

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Business of climate change

Hong Kong and Singapore firms tie up to decarbonise shipping sector

The deal will combine Towngas’ strengths in green methanol production with Global Energy’s supply chain management.

Energy

China to erase overcapacity in solar-panel industry by 2027: UBS

State-driven curbs on new facilities and production cuts by the biggest players will help rectify imbalance, analyst says.

Solar panels at a fishing and light base in Jinhu county in eastern Jiangsu province on December 16, 2024. Photo: AFP
Climate change

Opinion | Will China seize the chance to become a world leader on climate?

Despite growing scrutiny of its international climate finance contributions, Beijing’s domestic policies could help set standards in the Global South.

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Chinese President Xi Jinping visits a section of the Yellow River to learn about ecological conservation measures in Lanzhou, Gansu province, on September 11. Photo: Xinhua
Climate change

Opinion | US must be consistent to reclaim climate leadership role from China

As China emerges as a climate leader, the US can still be a reliable partner by staying in global agreements and making progress at home.

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Business of climate change

Data centres, EVs bring growth and climate challenges to Hong Kong utility CLP

For the first nine months of 2024, electricity sales at CLP Power Hong Kong grew 2.5 per cent from a year earlier.

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Business of climate change

China’s clean-energy boom creates 7.4 million jobs

The sector is expected to keep on generating job growth, but perhaps not enough to cure the country’s unemployment woes.

An employee works on solar photovoltaic modules for export at a factory in Sihong, in eastern China’s Jiangsu province, on September 3, 2024. Photo: AFP
Business of climate change

China to dominate solar panel, EV markets despite US, EU curbs: IEA

China’s clean technology exports are expected to exceed US$340 billion in 2035, group says.

Workers installed solar panels at a photovoltaic base in Lingwu, China. Photo: AFP
Business of climate change

How Foshan’s hydrogen fuel network can solve Hong Kong’s clean transport woes

Hong Kong can boost its hydrogen economy by leveraging Foshan’s cheaper hydrogen and refuelling infrastructure, says H2 Solution’s CEO.

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Business of climate change

Chinese solar stocks jump on rumours Beijing will stifle excess supply

Moves, if implemented, would end price war and eliminate less-capable firms that churn out low-quality equipment, analyst says.

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Business of climate change

China Resources Power shares dive 5.8% after US$927 million placement

Meanwhile, rival China Longyuan Power gains after deal to buy wind-farm assets from controlling stakeholder.

Workers walk in a power plant in the Shanghaimiao economic development zone in Otogqian Banner, north China’s Inner Mongolia Autonomous Region. Photo: Xinhua
Business of climate change

China fuels renewables capacity in Brics nations past 50%

Rapid investments in grid infrastructure and energy storage is needed to fully harness the potential of renewables, expert says.

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Business of climate change

InnoTech Forum: Hong Kong officials must do more to nurture hydrogen energy

The government should streamline approvals for more projects and offer more financial support, speakers at InvestHK’s forum said.

Business of climate change

China’s wind-turbine makers vow to end price war with ‘self-discipline’

Twelve leaders in the sector follow solar equipment makers in an agreement to end their damaging campaign of undercutting.

A wind farm in Tangshan City, in north China’s Hebei Province, pictured on December 22, 2023. Photo: Xinhua
China economy

Opinion | China has built up an enviable gas supply. Now it faces a dilemma

Beijing shouldn’t squander its gas market advantage that can help wean the nation off coal on the way to net zero.

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A welder works on an LNG tank container at a company producing shipping equipment in Lianyungang, in Jiangsu province, on March 15, 2023. Photo: Xinhua
Business of climate change

China needs mandate to phase out coal by 2045, push clean-energy transition: experts

Such a mandate would require structural changes to the country’s power system and economic model, according to climate expert Simon Sharpe.

Climate change

The View | How China is becoming the Saudi Arabia of renewables

China’s declining demand for fossil fuels and increased clean-energy capacity could usher in a new shift in global wealth distribution.

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Business of climate change

China’s grid storage ‘mismatch’: too much gear, too little benefit

Massive spending leads to new equipment sitting underused – or idle – even as the grid sorely needs it to make the best use of clean energy.

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Illustration by Henry Wong
Business of climate change

For Hong Kong to become green-fuel transport hub, here’s what it needs to do

The city has to introduce favourable policies and make strategic investments in green hydrogen projects to secure future supplies and create an ecosystem, expert says.

Hong Kong is aiming to become a hydrogen-based green fuels supply hub for marine and air transport. Photo: Dickson Lee
Business of climate change

Chinese solar firm bets US$98 million on pioneering technology to revive sector

Hong Kong-listed firm aims to complete the first phase of a 500MW solar module plant that combines perovskite and crystalline silicon cells by mid-2025.

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Business of climate change

Asian infrastructure bank’s chief looks to fund Asean climate projects

Asean nations need to ‘ramp up efforts to finance climate change mitigation and adaptation projects’, Jin Liqun says.

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