China aims to boost revenue for renewable power firms

BEIJING (Reuters) – China plans to make power purchasers take fair returns into account when buying electricity from renewable power generators, according to a draft rule issued by the National Energy Administration on Monday aimed at improving their revenues.

The draft rule will apply to non-hydropower resources, including wind, solar, biomass, geothermal and ocean power, the energy body said in a statement. Continue reading “China aims to boost revenue for renewable power firms”

China Invests In Renewable Energy In Cuba

Cuba began investing in renewable energy in 2014 and is ramping up its efforts in a push to make renewables its principal source of electricity by 2030. According to Xinhua News, China is one of the leading investors in Cuba’s renewable energy program.

The goal is for Cuba to derive 24% of its electricity from renewables such as sugarcane biomass, solar panels, wind farms, and small hydroelectric plants by 2024. “Photovoltaic solar energy is the one with the most progress, and there are 65 parks built throughout the country and another 15 are in process that will increase the installed power to 42 megawatts,” says Tatiana Amaran Bogachova, general director of the Electricity Department at Cuba’s Ministry of Energy and Mines.

Ovel Concepcion, director of renewable sources at the island’s Electric Union, says his organization expects to install 700 megawatts of renewable solar power by 2030. “We will also set up some 688 MW in wind farms, 56 MW in hydroelectric plants and provide electricity through photovoltaic panels in all remote homes that have no access to any other source of energy,” he says. Continue reading “China Invests In Renewable Energy In Cuba”