120GW of Hydroelectric Storage by 2030 in China

China unveils ambitious plan to pump 120 MW of hydroelectric storage by 2030 to boost use of renewable energy.|China unveils ambitious plan to pump 120 MW of hydroelectric storage by 2030 to boost use of renewable energy.

Share:

China aims to develop pumped hydroelectric storage by 2035.
The country unveils an ambitious plan for more than 120 GW by 2030.

China boosts renewable energy development

This Thursday, September 9, 2021, China publishes a plan setting out measures to develop its pumped hydro storage system by 2035.
With the aim of boostingrenewable energy consumption and ensuring stable grid operation.
The country aims to launch over 62 GW of pumped hydro storage by 2025 and 120 GW by 2030.
All the while establishing globally competitive companies.
That they use advanced technologies as industry leaders by 2035 declares the National Energy Administration (NEA).
China is also preparing for the closure of 40,000 hydroelectric power plants.
The country is seeking to limit the scattering of small and medium-sized hydropower plants.
This is in response to the serious risk of a shortage of water capacity in China.

  • Populaires ​
Glencore in talks with London over future of insolvent Lindsey oil refinery
US oil inventories unexpectedly rise by 3.8 million barrels
Global Oil Exploration Investments Decline, a First Since 2020
TotalEnergies sells 50% of its renewable assets in Portugal for €178.5mn
Madagascar signs with Global South Utilities to develop up to 250 MW solar
Minesto completes reorganization to optimize costs and prepare for commercial projects
Minesto has completed a reorganization that led to a 35% reduction in fixed costs and a focus on its future commercial projects. This reorganization includes geographical streamlining, a new management team, and a realignment of product development priorities.
Eco Wave Power obtains authorization to repurchase 10% of its ADS
Eco Wave Power shareholders approve renewed authorization to repurchase American Depositary Shares representing up to 10% of the company's total share capital, during the 2025 Annual General Meeting held in Stockholm, Sweden.
Westbridge launches Fontus, a strategic 380 MW data centre in Colorado
Westbridge Renewable Energy enters digital infrastructure market with Fontus, a 380 MW data centre campus in Colorado, positioned to meet strong growth in US cloud and artificial intelligence services.
Borr Drilling raises $102.5mn through issuance of 50 million ordinary shares
Offshore drilling company Borr Drilling Limited announced the completion of an initial tranche issuance of 30 million ordinary shares out of the planned 50 million, raising $61.5mn towards the total goal of $102.5mn.
Latin America’s six largest economies accelerate transition to renewables
Brazil, Mexico, Argentina, Colombia, Chile, and Peru significantly increase renewable electricity production, reaching nearly 70% of the regional electricity mix, according to a recent Wood Mackenzie study on Latin America's energy sector.
EDF Restructures Governance to Accelerate Nuclear and Hydroelectric Projects
EDF announces a new internal organization with key executive appointments to enhance decision-making efficiency and expedite the revival of nuclear and hydroelectric projects central to its industrial strategy.
Rubis unveils half-year report on liquidity agreement with Exane BNP Paribas
Rubis announces half-year results of its liquidity agreement managed by Exane BNP Paribas, totalling 241,328 shares exchanged for an aggregate amount of €6.5mn in the first half of 2025.
CNOOC appoints Zhang Chuanjiang as new chairman to lead global strategy
Chinese oil giant CNOOC Limited appoints Zhang Chuanjiang as chairman, entrusting this experienced engineer to head the group's board of directors, strategic committee, and sustainability committee from July 8.
Canada funds 13 Indigenous energy projects with $40mn investment
The Canadian government announces an investment of more than $40mn to fund 13 energy projects led by Indigenous communities across the country, aiming to improve energy efficiency and increase local renewable energy use.
PTT Oil posts record profit and accelerates expansion in Asia
PTT Oil and Retail Business announces a 46% increase in net profit for the first quarter of 2025, driven by regional expansion in its energy and non-energy activities, alongside an integrated ESG strategy.
Germany extends electricity price aid to 2,200 companies
The German Ministry of Economy plans to significantly expand aid aimed at reducing industrial electricity costs, increasing eligible companies from 350 to 2,200, at an estimated cost of €4bn ($4.7bn).
Shell forecasts decline in key business activities in second quarter
Shell revises downward its forecasts for the second quarter of 2025, anticipating notably a decline in Integrated Gas and Upstream segments, impacted by reduced volumes and lower profitability in several major activities.
Subsea 7 secures sizeable subsea contract for Egyptian tie-back
The Luxembourg-based group will handle engineering, procurement, commissioning and installation of flexible pipelines and umbilicals to link a new field to Egypt’s existing offshore infrastructure, with offshore work scheduled for 2026.
Czech Republic hit by massive power outage disrupting the economy
A major electricity blackout paralyzed large parts of the Czech Republic, interrupting transport and essential networks, raising immediate economic concerns, and highlighting the vulnerability of energy infrastructures to unforeseen technical incidents.
Octopus Energy prepares $14 billion spin-off of Kraken
British firm Octopus Energy is considering a £10 billion spin-off of Kraken Technologies, involving an upcoming minority stake sale, and has initiated preliminary discussions with banks to oversee the strategic operation within the next year.
Ardian completes Akuo takeover and installs Bruno Bensasson at the helm
Investment fund Ardian finalises its takeover of Akuo and appoints former Électricité de France executive Bruno Bensasson to steer the renewable-energy developer’s growth towards five gigawatts of installed capacity by 2030.
France anticipates significant slowdown in emission reductions starting in 2025
French greenhouse gas emissions are expected to rise by 0.2% in the first quarter of 2025, indicating a global slowdown in reductions forecast for the full year, according to Citepa, an independent organisation responsible for national monitoring.
TotalEnergies acquires 1.5 GW of AES renewable assets in the Caribbean
TotalEnergies acquires 50% of AES' renewable portfolio in the Dominican Republic following a previous purchase of 30% of similar assets in Puerto Rico, consolidating 1.5 GW of solar, wind, and battery storage capacities in the Caribbean.
Q ENERGY raises €109 million from BPCE Energeco for renewable projects
Q ENERGY France secures a bank financing of €109 million arranged by BPCE Energeco to build four new energy production facilities, totalling 55 MW of wind and solar capacity by the end of 2024.
U.S. Senate Approves Accelerated End to Renewable Energy Tax Credits
The Republican budget bill passed by the U.S. Senate accelerates the phase-out of tax credits for renewable energies, favoring fossil fuels and raising economic concerns among solar and wind industry professionals.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING