Bloomberg A single region in China plans to build enough solar farms off its eastern seaboard to power New Zealand. Shandong province, the industrial hub south of Beijing, issued a tender for the construction of 10 offshore solar plants in the seas surrounding China’s largest peninsula by 2025. The capacity planned is 11.25 gigawatts, more than peak consumption in …

  Bloomberg Italian PM Mario Draghi wants to deepen ties and trade with Mediterranean countries such as Algeria and Libya, which are key partners in Italy’s rush to replace Russian energy imports. Draghi last month signed a deal to boost gas deliveries from Algeria and wants to enhance stability in Libya, once a key energy partner that has been beset …

  Bloomberg Spain approved rules to cap natural gas prices, the most radical effort yet by a European government to contain the rally in energy costs sparked by the war in Ukraine. The announcement means weeks of back-and-forth between Madrid and the European Union on the plan could be close to an end. Portugal was expected to green-light similar rules. …