[CNNC Huineng Qinghai Energy Storage Project launches survey and design bidding]On February 25, 2026, China National Nuclear Corporation (CNNC) officially released the procurement announcement for the supporting energy storage survey, design, and procurement of the 250000 kW wind and solar power base source network load storage project in Gonghe County, Hainan Prefecture, Qinghai Province. The project has a supporting energy storage capacity of 37.5 MW/75 MWh, and the bidding scope covers the entire process of surveying, mapping, testing, and experimentation for the energy storage power station, including supporting content such as contralateral access intervals and green energy big data access, as well as providing relevant consulting services.Editor/Yang Meiling
On February 28, 2026, the security risks in the Middle East continued to rise, with the United States, the United Kingdom, France, and others withdrawing non essential personnel from Iran and Israel, and multiple countries issuing travel bans. The Chinese Ministry of Foreign Affairs reminds citizens not to travel to Iran temporarily and to evacuate personnel in Iran as soon as possible. Regional tensions have pushed up international energy prices, and global market risk aversion has intensified.Editor/Bian Wenjun
The People's Bank of China announced that from March 2, 2026, the foreign exchange risk reserve ratio for forward foreign exchange sales business will be reduced from 20% to 0. This move will significantly reduce the cost of currency hedging for foreign trade enterprises, support the stable development of the real economy, promote the smooth operation of the foreign exchange market, and release the policy intention of stabilizing foreign trade and expectations.Editor/Bian Wenjun