Haier Energy, a subsidiary of home appliance giant Haier, has signed a strategic cooperation agreement with Shanghai Electric New Energy to jointly develop solar modules and smart energy management platforms.
The partnership combines Shanghai Electric’s integrated multi-energy project experience with Haier Energy’s smart micro-grid expertise to develop zero-carbon industrial parks across multiple scenarios and explore integrated energy solutions for high-energy-consuming industries. The 2 companies also plan to expand renewable energy projects overseas.
Haier Energy recently introduced a platform that integrates cloud, edge, and device systems with large AI models to support distributed energy applications for global users (see China Solar PV News Snippets).
China National Petroleum Corporation (CNPC) has received approval for a PV direct supply project in Shaya County, Aksu, Xinjiang. The source-grid-load-storage integrated facility will primarily supply electricity to the Fuman Oilfield, which produces more than 4.6 million tons of oil and gas annually.
The project includes a 100 MW solar plant paired with a 20 MW/80 MWh energy storage system (ESS). Once operational, it is expected to generate about 157 million kWh of electricity per year, increasing the oilfield’s share of green power consumption to 35.7%. It would also offset about 47,300 tons of standard coal and 122,900 tons of CO2 emissions annually.
China has released the outline of its 15th Five-Year Plan for National Economic and Social Development, setting policy priorities for 2026-2030.
The plan calls for accelerated construction of new energy infrastructure, including large wind and solar bases in northern and western regions, integrated hydro-wind-solar projects in the southwest, and offshore wind hubs. It also targets cumulative offshore wind capacity of more than 100 GW and the commissioning of around 100 GW of new pumped hydro storage capacity.
The framework further promotes distributed energy development, large-scale deployment of new energy storage, and the expansion of hydrogen production from renewable power. It also calls for a roughly 10% reduction in energy consumption per unit of GDP over the next 5 years.
Shanghai Electric Power, a subsidiary of State Power Investment Corporation (SPIC), has terminated its planned acquisition of K-Electric, a major power utility in Pakistan.
The deal dates back to 2016, when Shanghai Electric Power agreed to acquire a 66.40% stake in K-Electric for $1.77 billion. Pakistan introduced regulatory changes to its tariff mechanism in 2018, resulting in reduced profitability for the company and a revaluation of the transaction.
In a filing dated March 13, 2026, Shanghai Electric Power confirmed that the parties had formally ended the proposed acquisition, bringing the long-running transaction to a close.
