The Chinese show up the West again
Liaoning province — once China’s coal and industrial center — launched a USD 87 bn plan to transition to renewable energy sources, according to a report from state-owned CCTV picked up by Bloomberg. The northeastern Chinese province bordering North Korea laid out plans to build 6 separate 10 GW energy hubs. The facilities will include “nuclear, offshore wind, pumped hydro energy storage, and two renewable energy installations.” The province has not set a date of completion for its planned bases, according to the newswire.
Watch this space: The Bloomberg report also notes that the Liaoning project will include “smart energy” which involves “virtual power plant networks that can monitor and optimize energy generation.” We’re looking into it and will get back to you all if this is worth an Enterprise Explains column.