Articles filed under General from Asia

Wind power plunges to nil in Kovai

Coimbatore:Wind power production plunged to near nil on Tuesday in Coimbatore region as the industrial hub stares at yet another power crisis. The 5,300 windmills in Udumalpet produced just 2 mega watt of power on Tuesday, according to officials of Tangedco, the state power distribution agency.
20 Aug 2014

Wind turbine requires rezoning

After six years, a federally funded wind turbine tower is months away from being built. The plan is to build one 233-foot-tall windmill tower in Yona, which will require a zoning variance to allow for the structure's height.
26 Jun 2014

Sinovel wind bonds suspended from trade after yearly loss widens

Sinovel Wind Group Co. (601558)’s bonds were suspended from trading today after the wind-turbine maker said losses widened almost sixfold. The company reported a loss of 3.45 billion yuan ($551 million) in 2013 versus 582.7 million yuan the previous year, according to a statement to the Shanghai stock exchange yesterday.
30 Apr 2014

China wind turbine makers face consolidation as glut lingers

“Even as the current wind power market rebounds slowly, industry competition is still very intense” so that manufacturing companies don’t have sufficient profitability, Ma Jinru, a Goldwind spokeswoman, said by email. ... “Companies with less competitive technology and quality will die and their market share will be carved up by several rivals.”
17 Apr 2014

Auditors red flag Suzlon's ability to generate adequate cash

Loss-making Suzlon Energy's auditors have raised red flagged issues like the wind turbine maker's ability to generate adequate cash flow to support operations. Suzlon, grappling with tough business conditions, posted a consolidated net loss of Rs 1,075.25 crore in the three months ended December 2013.
16 Feb 2014

China securities regulator probes Sinovel Wind Group

Sinovel's shares on Monday fell 9.9% to 3.54 yuan (about 59 U.S. cents) on the Shanghai Stock Exchange. The company's shares have fallen 41% since it disclosed accounting irregularities in March. Sinovel said in March that it overstated its revenue by 10% and profits by 20% in 2011—its first year as a public company. Sinovel attributed the error to revenue it wasn't supposed to recognize for uncompleted projects.
13 Jan 2014

Japan sets new emissions target in setback to UN treaty talks

Japan set a new target for greenhouse gas emissions that critics say will set back United Nations talks for a treaty limiting fossil fuel emissions. The new target effectively reverses course from the goal set four years ago by allowing a 3.1 per cent increase in emissions from 1990 levels rather than seeking a 25 per cent cut.
15 Nov 2013

CLP Power pushes back construction of Sai Kung wind farm for study

"The decision has to be taken quite carefully as it is a big investment. We need to make sure the costs are fully understood," he said at the World Energy Congress in South Korea last week. Lancaster said more solid wind data would be required to confirm the project's economic feasibility, and that a couple more years of study were needed.
20 Oct 2013

Some renewable energy providers giving up entering electricity market

Laying large-scale photovoltaic panels for power generation requires wide areas of flat, vacant land, ruling out urban areas. Land suited for wind farms, meanwhile, is often in the less populated Tohoku and Hokkaido regions in the north. While these areas have power delivery lines, their capacity is often limited due to low regional demand for electricity.
10 Sep 2013

Theft takes the wind out of power producers in Rajasthan

What was considered as petty thefts earlier have now taken the shape of an organized operation. About 15% of the turbines put up by developers like Suzlon Energy, Inox Wind, Gammesa, and Enercon (India) are under complete breakdown due to theft, a source in the industry body Indian Wind Power Association (IWPA) said.
15 Aug 2013

Sinovel Wind to Shut Four Overseas Subsidiaries

Sinovel Wind Group Co. has confirmed that it is closing four international subsidiaries, marking the latest setback for the company, which is one of China's largest wind-turbine manufacturers. In a filing to the Shanghai Stock Exchange on Monday, Sinovel said it would shut its units in the U.S., Belgium, Italy and Canada. It is unclear how large these units are.
2 Jul 2013

Troubled Sinovel Wind to put workers on leave

Sinovel Wind Group Co, a large maker of wind power equipment, plans to put 350 workers on leave starting on Monday. ...In the third quarter, Sinovel recorded a loss of 280 million yuan, down from the 242 million yuan in profit in the same period a year earlier. Its third-quarter operating income, meanwhile, decreased by 82 percent year-on-year, falling to 548 million yuan. The company warned it might report an annual loss for 2012.
20 Nov 2012

http://www.windaction.org/posts?location=Asia&p=3&topic=General&type=Article
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