Xinhua Silk Road: From consensus to actions, Global South drives int'l green capital flows

BEIJING, March 26, 2026 /PRNewswire/ -- When the 2026 Global South Financiers Forum opened on Wednesday, officials, bankers, business leaders and representatives of international organizations from more than 30 countries and regions gathered here with the aim of joining hands to bolster more inclusive and sustainable financial cooperation.

In their eyes, Global South countries demand currently stronger financial cooperation and pooling strengths and wisdom of the Global South is in need to enhance related financial cooperation.

Shahin Mahmudzada, executive director of the Central Bank of Azerbaijan, echoed the opinions, highlighting the importance of building a sound ecosystem for development of finance and green transition in face of increasingly imperative climate change situations.

Currently, global green transition is shifting from passive responses to combating climate changes to active strategies pursuing energy independence and improvement in economic efficiency, noted Li Hongyan, deputy head of the State Administration of Foreign Exchange.

Under such circumstances, green and sustainable development remains a question that must be answered in the common development of humanity and the Global South is becoming a value highland for green investment, said Wang Zhiheng, president of Agricultural Bank of China (ABC).

Amid global green industrial chains' reshaping, opportunities are there for China and other Global South countries to seek win-win cooperation through high-level financial opening-up and deeper green financial coordination, added Li.

To co-advance high-quality green finance development and guide global capital flows into green and low-carbon sectors, Chinese financial institutions are encouraged to carry out green and low-carbon investment in Belt and Road partner countries, said Lu Lei, deputy governor of the People's Bank of China.

Green is the defining color of high-quality Global South development and Chinese entrepreneurs and financiers are co-contributing a series of sustainable solutions and wisdom to Global South green development, said Yang Dongning, vice president of the Export-Import Bank of China.

Under the theme of "Illuminating Global South," the forum with Fenjiu Group as premier partner, ABC as strategic partner and Zeekr NEVs as designated vehicles, witnessed establishment of the forum council, debut of the bilingual Global South Finance journal and start of the Sustainability Solutions Showcase at National Financial Information Center in Beijing.

Original link: https://en.imsilkroad.com/p/349911.html

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Xinhua Silk Road: From consensus to actions, Global South drives int'l green capital flows

SYDNEY, March 26, 2026 /PRNewswire/ -- Recently, Fox ESS, a leading provider of renewable energy solutions, has claimed the top position nationally for installed energy storage capacity in February, according to SunWiz, Australia's leading solar energy consultancy.

SunWiz's February market report shows Fox ESS achieving the highest installed storage capacity in Australia, a milestone that underlines the company's rapid momentum across the residential storage market.

The ranking follows further recognition earlier in this year, when SunWiz named Fox ESS Top Growth Leader for 2025. The company also reported continued scale-up, reaching nearly 12k installations in February.

"A longstanding leader in the UK and German markets, Fox ESS has rapidly established itself as a leading force in Australia's energy storage sector. Their competitively-priced solution and international leadership are clearly resonating with both installers and consumers, and the February results reflect their strong and growing position in the Australian market," Warwick Johnston, Managing Director of SunWiz, said.

Performance and efficiency underpin the growth

The success isn't from a single burst. Instead, it builds on Fox ESS's ongoing commitment to delivering high-performance products and technology worldwide. Earlier this month, Fox ESS reported achieving a new benchmark of 97% energy storage system efficiency, assessed by HTW Berlin, described as one of the world's most rigorous testing organisations.

Fox ESS has also previously ranked among the top brands in multiple markets, according to EUPD Research. Meanwhile, the latest S&P Global Energy Residential Energy Storage Index shows the company is ranked No. 1 for market share in the UK, Poland and across Europe, based on MWh shipments.

Long-term commitment in Australia

Fox ESS is pursuing a long-term strategy to support its growth in Australia, including building a 30-expert service team dedicated to help partners resolve issues promptly.

The company has also expanded its footprint, with two offices opened in succession in Melbourne and Sydney, aiming to strengthen support for distributors, retailers and installers nationwide.

"We're thrilled to achieve this tremendous milestone, and extremely grateful to the partners who've placed their trust in Fox ESS," said Brooks Richard, Managing Director of APAC & Middle East at Fox ESS. "As the market accelerates, we're doubling down on advanced products and tailored local services to help build a more resilient energy landscape for Australian households."

 

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Fox ESS Claims No.1 Spot in Australia for Energy Storage Installations