Review of International Energy News

u <!--[endif]-->During the EU PVSEC, Solarpraxis AG and pv magazion proposed a great target for PV industry to reach 300Gw by the year 2025.

uSpain plans to impose 6% energy tax on the power generation firms aiming to fill the gap of electricity expenditure in Spain.

uThe European Debt Crisis enhances the energy policy changes of many European countries. In particular, Italy rejuvenises the off-shore boring while Spain levies the energy tax of 6%, and Greece accelerates the privatization in energy industry.

uGlobal proved reserves of natural gas reaches 193.8 trillion cubic meters by the end of 2011, released by OAPEC. Particularly, Russia possesses 47.5 trillion cubic meters accounting for a quarter of the total proved reserves, which ranks the first. Top 2 to top 7 countries are Iran (33 trillion cubic meters), Qatar (25.6 trillion cubic meters), Saudi Arabia (8.01 trillion cubic meters), the USA (7.7 trillion cubic meters), Turkmenistan (7.5 trillion cubic meters) and the United Arab Emirates (6.09 trillion cubic meters).

uThe National Grid of United Kingdom states that the UK is likely to become the net export country of electricity by the year 2020.

Review of Domestic Energy News

uThe National Energy Administration approves Ningxia province to be the first demonstrate area of new energy development.

uLevy of refined oil from producers to end-users is on trial.

uChina sets the first demonstrate area of 4000 square kilometers for the shale gas.

uNDRC approves the largest Pumped Storage Power Station to be launched in Hebei province.