News

Research Shows Replacing 50% Coal-Fired Power Plants with Low Carbon Energy Will Save US$1.6 Trillion for China

published: 2021-05-05 9:30
Xi Jinping, General Secretary of the Chinese Communist Party, reiterated in December 2020 regarding the achievement of the carbon neutrality target for 2060, and proposed schedules and procedures that are even more concrete. The new report of TransitionZero also proposes that a 50% reduction in carbon dioxide by 2030, which equals shutting down 588 units of coal-fired power plants, will not only achieve the target, but also save US$1.6 trillion for China. ...  more

Binance's New Gimmick: Customers Can Use BUSD to Buy TSLA Crypto Stock Tokens Without Service Charge nor Commission Fee

published: 2021-05-04 9:30
Binance, one of the biggest cryptocurrency exchanges in the world, officially launched Tesla crypto stock token(s) on April 13th. TSLA token(s) are short for Tesla crypto stock token(s). Investors can use BUSD (Binance USD, as known as BUSD, a type of stablecoin that is anchored 1-for-1 to the US dollars) to directly buy TSLA token(s) without any commission fee. TSLA tokens are the first of its kind in Binance. Meanwhile, Tesla company is known for its passion toward cryptocurrency. ...  more

IEO Forecasts That Poland Will Install 2GW of PV Generation Capacity in 2021

published: 2021-04-30 9:30
The Institute of Renewable Energy (Instytut Energetyki Odnawialnej, or IEO) stated via a news release on March 17 that Poland is forecasted to add 2GW of PV generation capacity in 2021. IEO is a Polish research organization that covers renewable energies. In its news release, IEO also stated that Poland’s total installed PV generation capacity will grow to the level of 15GW by 2025. ...  more

Saudi Government Signs PPAs with Seven Independent PV Projects

published: 2021-04-29 9:30
Reuters and other foreign news agencies reported that the government of Saudi Arabia has just entered PPAs with seven new solar projects and inaugurated the Sakaka PV Power Plant. Local news outlets also reported that the construction of the Dumat al-Jandal wind farm, which is the first utility-scale wind project in Saudi Arabia, is halfway to completion. The seven new projects, together with the Sakaka PV Power Plant and Dumat al-Jandal wind farm, are expected to provide more than 3.6GW of generation capacity. This amount is enough to power more than 600,000 households in the country. ...  more

Pakistan Is Poised to Implement 860MW of Solar and Wind Projects

published: 2021-04-28 9:30
As quoted by Associated Press and local news agencies, the Pakistani government said 16 solar and wind projects that are under development in the country have completed financial closing and will be “fully operationalized” within this year. Together, the 16 projects have a total generation capacity of 860MW. ...  more