Energy Insider: Shandong Faces Summer Electricity Shortfall; Titan Wind Energy Projects Profit Surge

In today’s Caixin energy news wrap: Shandong faces summer electricity shortage; Chalco issues $62.7 million of carbon neutrality bonds; Titan Wind Energy expects net profit increase of 40%–60% in first half; China Yangtze Power becomes Shanghai Electric Power’s second-largest shareholder.

Shandong faces summer electricity shortages

Eastern China’s Shandong province with a population of 101.5 million faces an insufficient supply of power for the summer electricity consumption peak, and supply of power from outside the province is uncertain, the provincial energy bureau said. The province’s maximum power supply capacity is 94 million kilowatts, while its highest power demand is expected to reach 96 million kilowatts during peak periods this summer. In the case of large-scale extreme weather, demand could even reach 100 million kilowatts.