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China’s first gigawatt-scale wind project’s output tops 1 billion kWh

China's first gigawatt-scale wind project's output tops 1 billion kWh [SHINE]
China’s first gigawatt-scale wind project’s output tops 1 billion kWh [SHINE]
CGTN | 27-Jun-2022

The total output of China’s first gigawatt-scale offshore wind farm has exceeded 1 billion kilowatt-hours, which can replace around 307,600 tonnes of standard coal, equivalent to the normal electricity consumption of 500,000 families of three for a year. Located in the sea off Yangjiang City in south China’s Guangdong Province, the Shapa project was connected to the grid at full capacity on December 25, 2021. Continue reading “China’s first gigawatt-scale wind project’s output tops 1 billion kWh”

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EU economy to suffer more than U.S. from ongoing geopolitical conflict

EU economy to suffer more than U.S. from ongoing geopolitical conflict [CGTN]
EU economy to suffer more than U.S. from ongoing geopolitical conflict [CGTN]
CGTN | 26-Jun-2022 | By Jimmy Zhu

Editor’s note: Jimmy Zhu is the chief strategist at Fullerton Research. The article reflects the author’s opinions and not necessarily the views of CGTN. The ongoing geopolitical tension between Russia and Ukraine is likely to disrupt the energy supply system for a long time, threatening the European economy with a potential recession as little policy support is available now. The U.S. bond market is flashing recession signs but the risk doesn’t look imminent. Continue reading “EU economy to suffer more than U.S. from ongoing geopolitical conflict”