News

CATL Posted Profit of Almost RMB 16 Billon for 2021 and Will Use RMB 13 Billion for Capacity Expansion

published: 2022-04-27 9:30
EV battery leader CATL released its annual report for 2021 on April 21. According to the report, CATL’s annual revenue exceeded RMB 10 billion for the first time thanks to the rapid growth of the EV (or NEV) industry. On the same day of the publication of the annual report, CATL also issued another notice stating that it will invest no more than RMB 13 billion to build a battery production complex in Xiamen, a city in China’s Fujian Province. ...  more

Taishin Holdings Offices Net Zero by 2030! Wu Tong-Liang: No One is Outside Climate Change

published: 2022-04-27 9:30
Taishin Holdings partnered with the Taiwan Institute for Sustainable Energy to hold the "Taishin 30 Sustainable Net Zero Summit Forum" today. Chairman Wu Tong-Liang stated that Taishin aims to achieve 100% net zero emissions from "office locations" by 2030 and emphasized that, when facing the issue of climate change, no one is an outsider. As long as they are willing to do their part for the earth, he believes that everyone can become a hero to resolve the climate crisis. ...  more

725km UK-Germany Submarine Cable Expected to Begin Construction This Year

published: 2022-04-27 9:30
Under the shadow of the Russian-Ukrainian war, countries are striving to safeguard energy supply. A plan for a 725-kilometer-long submarine cable connecting the UK and Germany has made new progress. At present, more than GBP1.5 billion of contracts have been signed and the project is expected to start this year. ...  more

Vietnam’s Eighth National Power Plan Promotes Renewables but Also Retains Gas-Fired Generation

published: 2022-04-27 9:30
In Vietnam, the Ministry of Industry and Trade (MOIT) has submitted the revised draft of “National Power Plan for 2021-2030 and Achieving 2045 Targets (PDP8)” to the Office of the Prime Minister. The content of the revised draft is expected to help the Vietnamese government expedite its efforts to fulfill the pledge made at COP26 to phase out coal-fired generation by 2040 and achieve net-zero carbon emissions by 2050. This story was first reported by news outlets in Vietnam and around Southeast Asia on April 15. ...  more

Jordanian Government Initiates Study on How to Increase Grid Capacity and Achieve Renewable Target of 50% by 2030

published: 2022-04-26 9:30
According to the latest reporting by Petra and The Jordan Times, Jordan’s Ministry of Energy and Mineral Resources has commenced a study on the expansion of the national power grid so that the target of renewables comprising 50% of domestic electricity generation by 2030 will be met. Near the end of last year, the Jordanian government announced the 2030 target, which also represents a doubling of the share of renewables. The study on how to accommodate the additional renewable generation assets in the national power grid has just started this April. ...  more