Energy Insider: Shanxi Regulator Warns of Risks in Power Transactions; Datang Clean Energy Unit Names New Chief

In today’s Caixin energy news wrap: State Power Investment ties up with Sungrow to tap new-energy development; China Shenhua’s carbon capture project completes trial run; China Datang’s new-energy unit gets new chairman; and Shanxi regulators warn of risks in power deals.

Shanxi energy regulator warns of financial risks in power buying

The energy administration of China’s coal-rich Shanxi province warned of risks related to power market transactions. The administration alerted large electricity customers Monday to closely monitor electricity purchase transactions with retailers and be aware of potential financial risks. China’s electricity market has experienced tightening supply as rising coal prices have discouraged power generation and pushed up wholesale prices. Some retailers suffered losses as the prices they paid to generators exceeded their prices to end users.