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China Coal Slips Below Half as Total Buys Shell Renewables

China's power mix crossed below 50% coal as Beijing issued new five-year plans; TotalEnergies acquired Shell's European renewables and sold a 1.2 GW stake to KKR for 1.8 billion euros; the EU softened CBAM rules; and Dominion's Coastal Virginia Offshore Wind slipped to late 2027.