Energy Insider: Sinopec Opens Its First Solar-Powered Gas Station; China Three Gorges Renewables’ IPO oversubscribed

In today’s Caixin energy news wrap: Sinopec opens its first solar powered gas station in Guangxi; China Three Gorges Renewables’ IPO 78 times oversubscribed; China issues $9.5 billion of carbon neutrality bonds; two Sinochem executives under investigation; Southern China enters main flood season.

Sinopec opens its first solar powered gas station in Guangxi

The first carbon-neutral gas station by China Petrochemical Corp. (Sinopec) officially went into operation in Baise, Guangxi province. The solar-powered gas station will keep 81.5 tons of carbon emissions out of the atmosphere per year, with a net reduction of 5.5 tons after offsetting the station’s own emissions. Sinopec’s Guangxi unit said it will advance the construction of carbon-neutral new-energy fuel stations. It aims to build 500 carbon-neutral gas stations in the region by the end of the 14th Five-Year Plan.