[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

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• 2025.12.10 17:01
• [Expansion of Qingdao Port Qianwan North Bank Railway]
• Recently, the expansion and renovation project of the railway on the north bank of Qianwan Port Area in Qingdao Port, Shandong Province has officially started. This project is an important part of the container series upgrading and renovation project on the north bank of Qianwan Port Area in Qingdao Port. It will build 4 new arrival and departure lines, bringing the total number of arrival and departure lines to 18 after completion. It will also construct and renovate 5 bulk cargo loading and unloading lines and 21 container loading and unloading lines. The project reshapes the railway loading and unloading operation area from multiple aspects, creating an intensive, intelligent, and integrated collection and distribution system to reduce time and cost. Pioneering two new models, the capacity for dry bulk cargo and container loading and unloading will be significantly improved after completion. The number of container loading and unloading lines, collection and distribution, and sea rail intermodal transportation capacity of the North Shore Railway will rank among the top in the country. Editor/Cheng Liting

• 2025.12.10 17:00
• [Vietnam Laos Energy Cooperation: Hejing 500 kV Transmission Project Approved]
• The People's Committee of Hejing Province has approved the investment policy and investors for the 500 kV transmission line project from Cha Lo in Laos to Hejing. The total investment of this project exceeds 2.3 trillion Vietnamese dong (approximately 88 million US dollars), and it will construct approximately 45 kilometers of dual circuit 500 kV transmission lines, expand two bays within the Haijing 500 kV substation, and require 20 hectares of permanent land, 15 hectares of temporary land, and 162 hectares of safe passage. The project will run for 50 years and be implemented in two phases. The first phase will be from the fourth quarter of 2025 to the third quarter of 2026, and the second phase will be fully operational in the third quarter of 2027. It can enhance the national power transmission capacity, alleviate the power shortage in the north, and promote energy cooperation between Vietnam and Laos. Editor/Cheng Liting