[Two ministries introduce independent energy storage capacity pricing policies]The National Development and Reform Commission and the National Energy Administration recently issued a notice on improving the capacity pricing mechanism on the power generation side, clarifying that capacity pricing will be given to independent new energy storage power stations on the grid side that serve the safe operation of the power system and do not participate in distribution and storage. The electricity price standard is based on the local coal-fired power capacity electricity price, converted according to a certain proportion based on peak capacity, with a maximum conversion ratio not exceeding 1, and taking into account the construction of the electricity market and system demand, further promoting the large-scale development of new energy storage.Editor/Yang Meiling
The Dalat Mengxi 1000 kV AC transmission and transformation project has been approved by the National Development and Reform Commission. The project is scheduled to start construction in April 2026 and be put into operation in September 2027, with a total investment of 4.374 billion yuan. The project is a key supporting facility for the Mengxi Beijing Tianjin Hebei ultra-high voltage direct current project, which will enhance the power transmission capacity from Mengxi to the east and serve the clean energy consumption and coordinated development of the Beijing Tianjin Hebei region.Editor/Gao Xue
Indian solar manufacturer Saatvik Green Energy announced an investment of 2.51 billion rupees to build a photovoltaic module manufacturing plant in Odisha state. The investment was completed through a wholly-owned subsidiary, with funding sourced from the company's IPO last year. The local photovoltaic manufacturing capacity in India continues to improve, and the current ALMM certified module production capacity has exceeded 109GW.Editor/Gao Xue