Construction began on October 28, 2026 at the 1.5 GW Ulanqab Jingda integrated wind-solar-thermal-storage wind and photovoltaic base in Fengzhen, Ulanqab, Inner Mongolia.
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Trina Solar reported Q3 2026 revenue of 15.993 billion yuan, up 5.5% quarter-on-quarter, with net profit excluding non-recurring items at -1.215 billion yuan, narrowing mainly because asset impairment losses fell from 402 million to 227 million yuan.
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Russia's Defence Ministry reported that from late night on 30 October to the early hours of 31 October 2026, Russian military drones struck Ukrainian energy and logistics infrastructure as well as vessels serving the Ukrainian army.
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CLSA published a research note on PetroChina (00857, 601857.SH), saying the H shares are mispriced.
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BofA Securities raised its target price for Sinopec (00386, 600028.SH) to HK$6 for H shares (from HK$5.5) and RMB7 for A shares (from RMB6.4, applying a 30% A-H premium), reiterating a Buy rating after Q3 results beat expectations with a strong refining rebound.
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UBS published a research note on PetroChina (00857, 601857.SH), keeping a “Buy” rating and raising the target price from HK$12.8 to HK$13.3, after the company reported first-nine-month revenue of RMB 2.32 trillion, up 7% year on year, and net profit of RMB 155.8 billion, up 22% and a record high for the period.
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At the 92nd China Reform International Forum in Haikou on October 31, China's Special Envoy for Climate Change Liu Zhenmin said accelerating energy transition in the Asia-Pacific can reduce climate risks, lower transition costs and drive industrial upgrading.
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Spot market electricity prices for Sunday, Nov. 1
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Spot market natural gas prices for Friday, Oct. 30
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Chinese online media cites research showing the A-share oil and petrochemical sector is trading near the bottom of its 115-day range at 24.7%, with the 40 sample stocks having moved through a decline-rebound-retreat pattern over five months and a median volume ratio of just 0.70, showing clear volume contraction.
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A grid-forming energy storage station project of 200 MW/800 MWh broke ground at Beitashan Ranch in Wujiaqu, Sixth Division of the Xinjiang Production and Construction Corps, according to a China News Service report dated 31 October.
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CATL's sodium-ion battery "Naxin" series has entered mass production, with large-scale production expected by the end of 2026.
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On October 26 the National Energy Administration reported that China's installed wind capacity reached 700 GW by end-September, ranking first globally for consecutive years, with wind supplying about 11% of national electricity consumption.
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Tongfei Co.
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Canadian Solar (阿特斯) reported Q3 2026 revenue of RMB 5.863 billion, down 42.63% year-on-year, with a net loss of RMB 395 million widening 253.09%.
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U.S., Japan and South Korea pledge closer cooperation on North Korea denuclearization
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Türkiye's daily power consumption up 7.4% on Oct. 30
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US oil rig count up for week ending Oct. 30
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EU countries to accelerate release of 42.6 million barrels from oil reserves
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Chinese financial media CFi.CN reports that Guanghui Energy posted Q3 2026 net profit attributable to shareholders of RMB 1.49 billion, up 842.2% year on year and 43.5% quarter on quarter; first-three-quarter net profit reached RMB 2.77 billion, nearly tripling year on year.
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GoodWe reported revenue of 9.5 billion yuan for the first three quarters of 2026, up 53% year-on-year, with net profit of 430 million yuan, up 431%.
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How EVs Are Powering India’s Next Wave of Micro-Entrepreneurs
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Qatari mediators held over 12 hours of talks with Iranian officials in Tehran on the 30th, aiming to push the US and Iran toward an agreement and avoid renewed conflict after the US midterm elections; talks were to continue October 31 in Doha.
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Indian PV at a turning point
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