South 32 Quarterly Report March 2024

As demand for clean, renewable energy sources surges, there is growing consensus among industry experts that energy storage will play a pivotal role in driving green transition forward in China.

In China's latest 14th Five-Year Plan (2021-25), the government has called for nuclear generation capacity expansion to 70 GW in 2025.

China vowed to set up a coal capacity reserve system by 2027, aiming to secure energy security through more flexible coal supplies, according to plans the country released Friday.

Construction on a zero-carbon steel plate factory began Thursday in the port city of Zhanjiang, a production base in Guangdong's Leizhou Peninsula.

According to Deng, by the end of 2023, Northwest China had installed 222 GW of wind and solar capacity, and over 10 GW of battery storage projects.

China has committed to the dual carbon goals of peaking carbon emissions before 2030 and achieving carbon neutrality before 2060.

2024 Mining,Metals & Minerals 50