This weekend the main Chinese legislature adopted an amendment to the renewable energy law, requiring that utilities buy all the electricity produced by renewable energy generators. Power enterprises refusing to buy power produced by renewable energy generators would be fined up to an amount double that of the economic loss of the renewable energy company.
In one of the renewable energy sector’s largest IPO’s ever, China’s Longyuan Power Group Corp, Asia’s largest wind power generator is raising money in a share offering this month that is expected to raise $2.2 billion, with trading scheduled to begin on Dec. 10. [social_buttons] Who’s buying? Billionaire Wilbur L. Ross … [continued]
The US is falling behind in the clean energy race, Steven Chu told a Clemson University symposium, while visiting South Carolina on Monday. The University has just won a Department of Energy grant for wind testing at a world-class level, and will be testing wind turbines larger than ever before … [continued]
