Two departments promote the renewal of wind power equipment. The industry is expected to release 10GW of capacity.

①The National Development and Reform Commission and the National Energy Administration encourage the transformation and upgrading of wind farms that have been in grid operation for more than 15 years or have a single unit capacity of less than 1.5 megawatts. ②Industry insiders said that the scale of wind turbines meeting the above conditions is about 10GW, and starting from 2025, it will usher in a peak of wind turbine decommissioning.

cls.cnAug 21 06:12 ET

Two departments: The investment scale of energy-intensive equipment in key areas is expected to increase by more than 25% from 2023 to 2027.

By 2027, the investment scale of equipment in key areas of energy will increase by more than 25% compared to 2023. The key focus is on promoting the implementation of energy-saving transformation, heating transformation, and flexibility transformation of coal-fired power plants. Transmission and distribution, wind power, solar power, hydropower and other areas will achieve equipment renewal and technological transformation.

cls.cnAug 21 04:45 ET

Global restarts and domestic acceleration could bring billions of dollars in investment and the nuclear power industry chain is expected to benefit in the long term.

Under the high prosperity of the global nuclear power restart, China National Nuclear Power is catching up. Recently, 5 nuclear power projects with a total of 11 units were approved at one time, with an expected total investment of 200 billion yuan. In addition to CGN Power and China National Nuclear Power, industry chain enterprises such as Rongfa Nuclear Equipment, Harbin Electric Corporation Jiamusi Electric Machine, and Sufa Technology Industry are also benefiting from the high-prosperity industry.

cls.cnAug 20 23:43 ET

Concerns about demand have become the main market tone. Brent crude oil fell to a six-month low at one point, while US oil fell more than 4% during trading hours.

Despite the significant escalation of geopolitical tensions in the Middle East this week, which once briefly pushed up crude oil prices, the concern about economic recession has become the main market sentiment, and investors are worried about the demand for crude oil. Oil prices fell sharply on Friday, falling for four consecutive weeks, marking the longest decline since December last year.

wallstreetcnAug 2 22:57 ET

Wall Street determines: Trump's bearish on oil prices.

Goldman Sachs and Citigroup both believe that Trump's tariff policy may bearish for oil prices. Goldman Sachs said that if tariffs severely affect the global economy, oil prices may fall by $11 to $19 per barrel next year.

wallstreetcnJul 28 19:00 ET

Global commodity inventory is in a state of emergency: inventory days of available commodities outside of China experienced the largest month-on-month decline in 31 months.

JPMorgan said that the main reason for this decline was due to the decrease in crude oil and refined product inventories. The global available days of oil and refined products in June decreased sharply by 2.5 days, the largest monthly decline in four years.

wallstreetcnJul 8 02:17 ET