[Saudi energy giant ACWA Power raises $5.95 billion in financing] Saudi energy giant ACWA Power has recently successfully completed a total financing of $5.95 billion, which will be used to build seven clean energy projects with a total installed capacity of 15 gigawatts. This financing has attracted the participation of multiple financial institutions including Bank of China, Industrial and Commercial Bank of China, and Minsheng Bank, demonstrating the firm confidence of international capital in Saudi Arabia's energy transformation. The project includes 3 gigawatts of wind power and 12 gigawatts of photovoltaic power stations, distributed in multiple important regions across the country. All projects are planned to be completed and put into operation between 2027 and 2028, reflecting Saudi Arabia's efficient execution in promoting the development of renewable energy. The project adopts a national capital led investment model, with ACWA Power, Saudi Public Investment Fund, and Saudi Aramco jointly holding shares, forming a stable investment structure. This large-scale financing marks a significant shift in Saudi Arabia's energy strategy, as this traditional oil giant is actively entering the green power sector through large-scale clean energy investments. This not only helps Saudi Arabia achieve economic diversification, but may also have a profound impact on the global renewable energy development pattern. Editor/Yang Beihua

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• 2025.12.22 18:35
• [CGN will start construction of 5 new nuclear power units in 2025]
• On January 22, 2025, China General Nuclear Power Corporation (CGN) received significant good news that Unit 2 of the Guangdong Lufeng Nuclear Power Project had successfully completed the first concrete pouring of the nuclear island. The achievement of this critical milestone is like pressing the start button for the main project of the unit, marking the official entry of the unit into the main construction phase. It is worth mentioning that, together with the Guangdong Lufeng Nuclear Power Unit 1, Shandong Zhaoyuan Nuclear Power Unit 1, Zhejiang Sanao Nuclear Power Unit 3, and Fujian Ningde Nuclear Power Unit 6 that have already started construction this year, China General Nuclear Power Corporation will fully open its firepower in 2025 and start five new nuclear power units at once. This series of actions not only demonstrates the strong strength and firm determination of CGN in the field of nuclear power, but also injects strong impetus into the optimization and adjustment of China's energy structure and the high-quality development of clean energy. Editor/Cheng Liting

• 2025.12.22 18:34
• [Lanshan County grid side energy storage power station starts construction]
• On December 19, 2025, the EPC project of the shared energy storage power station on the power grid side of Lanshan County held a groundbreaking ceremony in the Economic Development Zone of Tafeng Town, attended by personnel from relevant provincial and municipal departments and Deputy County Mayor Pan Zhipeng. The project was registered on November 21, 2025 and is planned to be put into operation before June 30, 2026. It covers an area of approximately 20191 square meters and will include a 100 MW/200 MWh energy storage system, a 110 kV booster station, etc. It will be promoted by Pengli Energy Storage Technology with a total dynamic investment of approximately 250 million yuan. At 10:26 am, Pan Zhipeng announced the start of construction. This power station is of great significance in optimizing the energy structure and enhancing the stability of the power grid. All parties will ensure its construction and promote its early effectiveness. Editor/Cheng Liting