A landmark deal last week from France’s EDF signals that China’s traditionally closed renewables market may be opening to foreign developers, the Global Wind Energy Council’s strategy director said. Feng Zhao told GTM that an agreement between EDF and state-owned China Energy Investment Corporation, a leading industrial player in China’s electricity market, reflects a growing need for foreign resources to prop up China’s ambitious offshore wind plans.
Green Tech 2nd April 2019 read more »
Beijing is pushing for its nuclear technology to become an export product which can coincide with the demise of the Western appetite for its own nuclear power sector. In the UK, French Areva and Chinese state-controlled ‘China General Nuclear Power Group’, are jointly constructing the £20 billion Hinkley Point C power station in Somerset. Beijing intends to use the facility as a springboard to the rest of the world. According to Zaf Coelho, the director of Asia Nuclear Business Platform, “the massive experience possessed by the Chinese nuclear industry, consistently building for the past 30 years and adopting various next-generation technologies, is being recognized by the global nuclear industry”. Nevertheless, the focus remains on the Chinese market where most of the growth will be realized in the coming decades. Although currently, plans exist for ‘only’ 20 new nuclear power plants, the situation might change to the advantage of the nuclear industry when older coal-fired thermal plants are decommissioned. Regardless of new developments, the future is bright for China’s nuclear power industry.
Oil Price 3rd April 2019 read more »
China wants to promote nuclear energy cooperation in the ‘Belt and Road’, and is focusing on new technology deployment and completing its radioactive waste management strategy, a conference in Beijing heard. The Belt and Road Initiative is a development strategy adopted by the Chinese government involving infrastructure development and investments in 152 countries and international organisations.
World Nuclear News 3rd April 2019 read more »