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Photovoltaic panels in Qinghai produce more than power

China

China

China

Photovoltaic panels in Qinghai produce more than power

2025-01-06 18:40 Last Updated At:21:07

Photovoltaic panels in northwest China's Qinghai Province not only produce clean power, but also improve the local grassland and environment, while earning more money for herdsmen.

Claiming high intensity of solar radiation, long hours of sunshine, Qinghai is abundant in solar energy. And its dry climate makes it ideal to develop new energy industry.

These advantages have drawn a great number of photovoltaic panel manufacturing companies to set their plants in the province.

"We in Qinghai have around 100,000 square kilometers of land which could be put into the development of new energy. The total amount of solar radiation here probably could rank second in the country. These are unique advantages for us to develop new energy," said Wang Yiyang, Qinghai regional manager of Trinasolar, a global leader in in photovoltaic products, systems and smart energy.

Wang said by shielding barren lands from further attacks from wind and sand, solar panels help nurture the growth of grass to improve local environment. Yet as grass grows higher to reach the panels, electricity they generate might risk to ignite the grass to fire.

"The solar panels could shield the wind and sand. You can see that the grass under the solar panels is lusher than the grass elsewhere. Since the solar power industrial park was established, the vegetation coverage in Talatan (gobi) has reached 80 percent. Now you see the grass is almost as high as up to the solar panels," said Wang.

"So we asked the herdsmen to graze their animals at the photovoltaic power station. One thing is the herdsmen can help us petrol the power station. And the other thing is, they can guarantee that the grass will not grow too high to interfere with power generation. Now the local herdsmen are raising over 20,000 sheep in the park and we produce about 11.8 tons of pasture a year. This has completely solved some herdsmen’s problem of employment," said Wang.

Photovoltaic panels in Qinghai produce more than power

Photovoltaic panels in Qinghai produce more than power

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ECB cuts interest rates by 25 basis points

2025-03-07 03:04 Last Updated At:03:17

The European Central Bank (ECB) announced on Thursday that it would slash key interest rates by 25 basis points in a bid to wind down the restrictive monetary policy.

Effective from March 12, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 2.50 percent, 2.65 percent and 2.90 percent respectively, said the central bank in a statement.

The disinflation process is well on track, with headline inflation averaging 2.3 percent in 2025, 1.9 percent in 2026 and 2.0 percent in 2027, the ECB said.

The decision to keep on cutting rates came at a time when the economy in the eurozone is facing increasing uncertainties.

In its latest edition of the staff projections on Thursday, the ECB lowered its forecast for economic growth in the eurozone to 0.9 percent for 2025, 1.2 percent for 2026 and 1.3 percent for 2027.

This marks a downward revision from the ECB's forecast in December last year, which had projected 1.1 percent growth in 2025 and 1.4 percent in 2026, while the 2027 outlook remains unchanged.

The ECB attributed the weaker growth outlook for 2025 and 2026 to declining exports and sluggish investment, citing high trade policy uncertainty and broader economic instability as key factors.

ECB cuts interest rates by 25 basis points

ECB cuts interest rates by 25 basis points

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