[LG New Energy raises $1 billion through green bond issue] September 20, according to foreign media reports, on Tuesday, South Korean battery manufacturer LG New Energy successfully issued a $1 billion global green bond, which marks the company's first entry into the global green bond market. Green bonds are bonds that specifically fund industries and projects that address climate change, including batteries that are alternatives to fossil fuels. The $1 billion green bond consists of a $400 million three-year bond and a $600 million five-year bond, the company said. The company plans to use the funds to grow its international battery and renewable energy projects, including its ongoing projects in the United States. LG New Energy is a new company spun off from LG Chem in December 2020 to specialize in the battery business, and its customers include Tesla, General Motors and Volkswagen. Currently, the company has seven battery plants in operation or under construction in the United States, where it is focusing most of its resources to expand capacity. The company aims to expand its product portfolio through determined investments to include not only electric vehicle batteries, but also energy storage systems (ESS) and other products. Editor/Xu Shengpeng
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  • 2023.12.04 17:17
  • [Two departments regulate pumped storage power plants]
  • On December 1, the National Development and Reform Commission, the National Energy Administration issued the "Pumped storage power station development and construction Management Interim measures (draft for comments)" pointed out that the National Energy Administration under the guidance of the National Development and Reform Commission, the development of pumped storage medium and long-term development planning, proposed development goals, main tasks, project layout, construction timing, safeguard measures, etc., to guide the development of pumped storage. The key implementation projects of each five-year planning period proposed in the medium - and long-term development plan are the basic basis for the approval of pumped storage projects in all provinces (autonomous regions and municipalities). Editor/Xu Shengpeng
  • 2023.12.04 17:17
  • [Section right in the new energy base of one million kilowatts]
  • On November 30, the new energy base of Inner Mongolia Energy Department was approved. The project owner is Inner Mongolia Moneng Ke Youzhong Energy Co., LTD., the construction site is located in the territory of Keyouzhong Banner, the construction scale of 1 million kilowatts of wind power, the total investment of 4.5 billion yuan, is planned to be completed and put into operation by the end of 2025, after putting into operation, the annual power generation will reach 2,763 million KWH, saving 853,700 tons of standard coal and reducing 2,331,800 tons of carbon dioxide. Editor/Xu Shengpeng