Library from Asia

In China, the true cost of Britain's clean, green wind power experiment: Pollution on a disastrous scale

The reality is that, as Britain flaunts its environmental credentials by speckling its coastlines and unspoiled moors and mountains with thousands of wind turbines, it is contributing to a vast man-made lake of poison in northern China. This is the deadly and sinister side of the massively profitable rare-earths industry that the ‘green' companies profiting from the demand for wind turbines would prefer you knew nothing about.
30 Jan 2011

Sinovel loses power and falls 10%

Chinese wind turbine maker Sinovel Wind Group Co slumped by nearly 10 percent in its Shanghai trading debut on concerns its stock is overpriced and that rising competition will slow its earnings growth. ..."And wind stocks are no longer that attractive to investors."
14 Jan 2011

Three wind turbine workers killed in Sinovel incident

Three workers have been killed while installing and testing a Sinovel wind turbine in northern China. ...The accident follows a recent announcement by China's National Energy Bureau (NEB) that it is launching an investigation into whether cost cutting has led to a fall in safety standards.
7 Jan 2011

China wind turbines turn as Europe cuts hit

The green agenda is still moving forward, but it is clear that in Europe it has become more challenging because of fiscal constraints," he told the Financial Times. Growth in new wind energy installations in Europe is forecast to shrink from 14 per cent in 2010 to 1 per cent this year, according to analysts at Citigroup. ...Vestas warned that, while 2010 was set to finish stronger than previously expected, revenues and profits were likely to be flat this year.
5 Jan 2011

China wind-energy IPOs drift in doldrums

Datang Renewable Power Co., the wind power unit of China Datang Corp., raised a blustery 4.8 billion Hong Kong dollars ($617 million) on the Hong Kong Stock Exchange in an initial public offering Dec. 17. But the final issue price of HK$2.33 per share scraped the bottom of the indicative range raised fears that wind-energy investing in China is drifting in the doldrums.
27 Dec 2010

U.S. seeks trade talks to protest China's wind power 'subsidies'

The United States has requested the consultations concerning China's program known as the Special Fund for Wind Power Manufacturing. Under this program, China appears to provide subsidies that are prohibited under WTO rules because the grants awarded seem to be contingent on Chinese wind power equipment manufacturers using parts and components made in China rather than foreign-made parts and components.
22 Dec 2010

Investors less enthusiastic about China's wind farms

Huaneng Renewables, the wind power subsidiary of China's leading power producer,China Huaneng Group, pulled its December 16 Hong Kong IPO plan because of insufficient investor support to reach the minimum subscription, and this shows investors are losing enthusiasm for China's wind farms.
16 Dec 2010

To conquer wind power, China writes the rules

Judging by the din at its factory here one recent day, the Spanish company Gamesa may seem to be a thriving player in the Chinese wind energy industry it helped create. But Gamesa has learned the hard way, as other foreign manufacturers have, that competing for China’s lucrative business means playing by strict house rules that are often stacked in Beijing’s favor.
15 Dec 2010

China to investigate collapse of homegrown turbines

"At present, no one is willing to speak publicly about the problems of wind turbines. This is unfavorable to solving the problem. Actually, foreign turbines met similar problems when they entered the Chinese market. By investigating the quality of wind turbines, NEB is facing the problem."
10 Nov 2010

U.S. to investigate China's clean energy aid

Hours after the Office of the United States Trade Representative announced an investigation into China's support for makers of wind and solar energy products, advanced batteries and energy-efficient vehicles, the Treasury Department said it would delay its semiannual report on foreign-exchange rates.
16 Oct 2010

Brown China: The myth of an environmentally friendly People's Republic

While Friedman and others bally-hoo China's investments in green energy, Beijing is rapidly expanding its investment in fossil fuels. Michael Economides, an energy expert at the University of Houston, wrote recently on Forbes's website of the "utterly massive level of spending that the Chinese have embarked upon in pursuit of expanding their traditional energy portfolio."
16 Oct 2010

Why rise of wind farms is a ticking time bomb; Capacity has doubled but fears over quality remain

The wind-power boom on the mainland in recent years had left behind quality "time bombs" that could blow up the industry's long-term growth. Some turbines installed three or four years ago have already begun to show signs of ageing, with issues ranging from oil leaks and gearbox malfunctions to blades snapping, Gao said. They were supposed to last for a decade with little maintenance.
15 Oct 2010

Woeful returns at Asia green funds spark move to safety

The poor performance comes as Asian governments are pumping vast amounts -- spending exceeded $39 billion in 2009, with China accounting for the bulk of that -- into renewable energy and other environment-related projects. It may mean that companies in the business will find it harder to attract new capital. A third of the 20 worst-performing Japanese funds this year are green funds.
30 Sep 2010

Orient Green Power: Running out of power?

Orient Green Power (OGPL) has ambitious plans to grow in the renewable energy industry in India. With huge unmet power demand in the country and fiscal incentives in place, the scope to grow is immense. However, the company is suffering from losses and is overly dependent on its parent group companies. Also, wind and biomass power plants have their own risks.
20 Sep 2010

Green energy has Japan seeing red

A new law blamed for soaring hydro rates in Ontario is causing consternation abroad, as Japanese officials announced Monday they are launching a trade challenge of the controversial Green Energy Act. The Japanese say the law unfairly shuts them out of the market because it includes rigid domestic content rules.
14 Sep 2010

Inquiry finds hand of officials in scam

Mr. Vasudevan's inquiry also found the involvement of some officials of the Attappady Hill Area Development Society (AHADS) in the fraud. They had supplied the survey map records and bought tribal land and sold it to windmill companies at huge profits, the report says. He found that in six cases, the land was registered merely on the strength of tax receipts and without proper documents. This was possible only with the connivance of the Sub-Registrar of Agali. The RDO has recommended action against the official.
26 Jul 2010

Goldwind shelves $1.2 billion Hong Kong share sale

Xinjiang Goldwind Science & Technology Co. shelved a plan to raise as much as HK$9.09 billion ($1.2 billion) in a share sale in Hong Kong, citing poor market conditions. The Chinese wind-turbine maker won't proceed "in light of the deterioration in market conditions and recent unexpected and excessive market volatility," Goldwind said
14 Jun 2010

Promise, problems found in China's wind power

Although China has abundant inland and offshore wind energy resources and great momentum for growth in its wind power generation industry, this industry faces serious challenges. China has not mastered the core technologies of wind power generation, and there are still many other problems badly in need of solutions.
1 Jun 2010

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