[Construction of Pingding Mining Project by China Energy Engineering Group starts] Recently, the groundbreaking ceremony of the Shanxi Pingding Hengyue Limestone Mine project, which was constructed by China Energy Construction Gezhouba Third Company using the integrated design, construction, and operation (EPC+O) general contracting model, was officially held in Pingding County, Yangquan City, Shanxi Province. Mao Huigang, Executive General Manager of China Energy Construction General Contracting Company, Deputy Secretary of the Party Committee and General Manager of Gezhouba Third Company, and Fan Ruiping, Chairman of Pingding Hengyue Building Materials Co., Ltd., respectively delivered speeches announcing the commencement of construction. The ore variety of this project is limestone for building stone materials, with a reserve of 45.542 million tons in the mining area. It is mined open-pit and has a total service life of about 13.5 years. China Energy Construction Gezhouba Third Company is responsible for multiple design and construction operations. This project is the company's first self operated fully managed mining project, which will integrate various advanced technologies to build a green mining system, create the first all calcium industrial park in Yangquan City, promote the upgrading of the calcium based materials industry, and help Yangquan build a "North China Calcium based New Materials Base" and a strategic emerging industry cluster in Shanxi Province. Mao Huigang stated that the project is a future oriented and first-class industrial upgrading practice, aimed at building a green mining system, enhancing resource added value, and leading the development of circular economy. The company will practice its core development concept, work together with all parties to promote the early commissioning of the project, and contribute to the optimization and upgrading of the regional economic structure. Editor/Cheng Liting

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• 2025.12.09 10:29
• [Chinese banks assist in landing 15GW clean energy project]
• In the global energy transition wave, Saudi Arabia's actions are attracting the attention of the world. Recently, Saudi energy giant ACWA Power announced that it has secured a massive financing of up to $5.95 billion for its 15GW clean energy projects. This funding will be used to support two wind power projects and five photovoltaic projects located within Saudi Arabia, demonstrating the clear strategy of this oil kingdom to extend its energy dominance through new energy. This financing can be regarded as a "national team global tour", attracting 29 financial institutions from the Gulf region, Europe, China, Japan and other places to participate. Among them, several Chinese financial institutions, including Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and China Minsheng Bank, have provided strong support. The loan term is as long as 27 years, reflecting the confidence of international capital in the long-term prospects of Saudi Arabia's new energy development. The equity structure of the project is jointly held by ACWA Power, Badeel, a wholly-owned subsidiary of Saudi sovereign fund PIF, and Saudi Aramco Power Company. This national level risk sharing model greatly enhances market confidence. All projects are expected to be fully operational from the second half of 2027 to the first half of 2028. Saudi Arabia's rapid execution capability is in line with its strategy of seizing the future "second pot of gold" - by building a globally leading low-cost green power base, laying the foundation for future industries such as hydrogen energy and green metallurgy, and reshaping its role in the global energy landscape. Editor/Yang Beihua

• 2025.12.09 10:22
• [Chinese energy storage companies have won consecutive large orders in Europe]
• Chinese energy storage companies have recently made significant breakthroughs in the European market. With the cumulative installed capacity of energy storage in Europe expected to exceed the 100GW mark by November 2025, the market is entering a critical stage of large-scale development. In this context, China Automotive New Energy has signed a 2GWh energy storage strategic cooperation agreement with Belgian energy company AVESTA, while Kubo Energy has also reached a 1GWh strategic cooperation agreement with Romania's VoltLink Energy. As a joint venture between multiple Chinese state-owned enterprises in the field of power batteries, China Automotive New Energy has obtained over 14GWh of energy storage orders worldwide by 2025. Kubo Energy continues to focus on the European market, and this cooperation aims to build an energy service ecosystem that covers the entire chain. The signing of these orders reflects a structural change in the European energy storage market from household use to large-scale project dominance, driven by a significant improvement in energy storage economics. From 2022 to 2025, the cost of European LFP energy storage systems has decreased by about 37%, and the reform of the electricity market has created a diversified revenue model of "energy arbitrage+ancillary services" for energy storage. Despite Europe's ambitious goal of 500-780 GWh by 2030, the path to achieving it still faces challenges. The lengthy approval process and fragmented internal market may constrain the pace of development. The strong entry of Chinese energy storage companies not only seizes the opportunity of market explosion, but also injects key technological products and solutions into Europe's energy transformation. Editor/Yang Beihua