China legislators seen mulling renewables fund
BEIJING, CHINA - China's legislators are discussing a new fund to develop renewable energy technologies, Xinhua news agency reported.
A draft amendment to China's Renewable Energy Law has been submitted to the National People's Congress and if passed, will set up a new fund financed in part by surcharges levied on renewable energy prices, the report said.
At current rates, income from the surcharges will reach 4.5 billion yuan (US$658.8 million) this year, Xinhua said.
The fund will be used to support scientific and technological research and will also finance rural renewable energy projects and independent power systems in remote or island regions.
China plans to raise renewable energy to 15 percent of total energy consumption by 2020.
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Spain's power demand in April plummets under COVID-19 lockdown
MADRID - Demand for electricity in Spain dropped by 17.3% year-on-year to an estimated 17,104 GWh in April while the country’s economy slowed down under the national state of emergency and lockdown measures imposed to curb the spread of COVID-19.
According to the latest estimates by Spanish grid operator Red Electrica de Espana (REE), the decline in demand was registered across Spain’s entire national territory. On the mainland, it decreased by 17% to 16,191 GWh, while on the Balearic and the Canary Islands it plunged by 27.6% and 20.3%, respectively.
Renewables accounted for 47.9% of the total national electricity production in April.…
