JinkoSolar To Get $150 Million Credit Suisse-Led Project Funding.
Jul20

JinkoSolar To Get $150 Million Credit Suisse-Led Project Funding.

JinkoSolar Holding Co., a Chinese solar panel manufacturer, is borrowing $150 million from lenders led by Credit Suisse AG-led to build power plants in China. The 18 month senior secured loan will help Jinko expand its portfolio of solar farms in China to 1.4 GW, the Shanghai-based company said in a statement. As part of the deal, the lenders will be granted warrants representing no more than 2 percent of the equity for the...

Read More
Power Firms in Hong Kong Have Negative View of Renewable Energy.
Jul17

Power Firms in Hong Kong Have Negative View of Renewable Energy.

The “Public Consultation on the Future Development of the Electricity Market” ended on June 30. The two power companies and government have created a negative campaign towards renewable energy. Stating that renewable energy is unaffordable and people lack the “willingness to pay”, they have misled the public into believing that Hong Kong cannot further invest on this “unaffordable” technology....

Read More
Sinohydro inks 300-MW Wind, PV Deal in China’s Inner Mongolia.
Jun30

Sinohydro inks 300-MW Wind, PV Deal in China’s Inner Mongolia.

Two units of Chinese firm Sinohydro Corp Ltd were chosen to develop 300 MW of combined wind and photovoltaic (PV) capacity in Inner Mongolia autonomous region under a deal with a local government. Sinohydro Renewable Energy Co Ltd and Sinohydro Engineering Bureau No 4 inked an investment and development cooperation agreement with the government of Plain and Bordered White Banner on June 25 to build the power plants there. Also as part...

Read More
More Credits For China’s Investment in Clean Electricity.
Jun23

More Credits For China’s Investment in Clean Electricity.

The head of the International Energy Agency says China should be given more credit for its investment in clean electricity. Maria van der Hoeven says most people think that China is frantically building coal-fired power stations. China is spending as much as the US and Europe put together on clean power. Coal-fired power stations are state of the art – and should be copied in other developing countries, she said. Maria van der...

Read More

China’s Wind Energy Revolution.

China became the world’s largest wind energy producer back in 2010 and the boom is continuing unabated, fuelled by government support and ambitious renewable energy targets. A data revealed by the China Wind Energy Association (CWEA), wind energy surpassed nuclear for the very first time in 2012 to become the country’s third largest source of electricity, after coal and hydro-electric power. The wind production in China stood at...

Read More