China has reported its electricity demand growth slowed to only 0.5% in 2015, coal consumption dropped 5%, and coal imports dropped 35%. China is moving to protect its own domestic coal production by cutting overseas imports which, in conjunction with a collapse in India’s coal imports, has left “the seaborne … [continued]
Spanish wind energy giant Gamesa will supply and install purpose-built wind turbines to be constructed 3,400 meters above sea level in China. Announced on Friday, Gamesa revealed that it had received two new orders for the supply and installation of 98 MW of wind turbines. The first of the two … [continued]
US utility-scale solar PV costs plummeted 17% in Q3 of 2015, and declining PV costs are fuelling greater demand. According to an EnergyTrend report, US utility-scale solar costs fell in the third quarter of 2015 to $1.38/W, compared to $1.66/W twelve months earlier. Patrick Lin, an analyst with EnergyTrend, said the average cost … [continued]
One of China’s rapidly emerging solar power project developers and operators, United PV, has secured a fresh credit line to expand its footprint further. United PV, which has been on an acquisition spree for the last several months, has secured RMB 10 billion (US$1.5 billion) to acquire more solar power … [continued]
The recent decision by China’s National Development and Reform Commission to reduce feed-in tariffs for grid-connected solar power projects is expected to give a much needed boost to the distributed solar power market. Recent media reports suggested that the National Development and Reform Commission (NDRC) is planning to reduce feed-in … [continued]
Swedish auto manufacturer National Electric Vehicle Sweden (NEVS), maker of Saab automobiles, has signed a massive $12 billion strategic collaboration agreement with Panda New Energy Co., Ltd., that signs NEVS up to provide Panda New Energy with 150,000 9-3 sedan electric vehicles between now and 2020. Also included in the … [continued]
In an attempt to further expand its acquisition spree, the Chinese operator of solar power projects United PV has issued convertible bonds. United PV recently reported that it raised $100 million from the sale of convertible bonds to Huaqing Solar Power Limited. United PV issued 3-year convertible bonds at an … [continued]
An electrical equipment manufacturing company in China is planning to install a large-scale solar power project as part of a grand capacity addition target. The Senyuan Group has announced commencement of construction at a 1 GW solar power park in Henan province. The project is expected to entail an investment … [continued]
Leading China-based solar PV manufacturer, Trina Solar, has announced it is restructuring the company by splitting it into two separate units. It has been an interesting week for Trina Solar, after first receiving a buyout offer from the company’s own Chairman and Chief Executive, before then seeing its stock prices … [continued]
A Middle-east country which is rapidly taking strides to change the way it generates energy, and one of the leading global renewable energy production companies have joined hands to promote water desalination using renewable energy. The United Arab Emirates (UAE) and China recently signed an agreement to work together in … [continued]
