Articles filed under General from Asia

U.S. sets duties as high as 26% on wind towers from China

The decision is a "positive step," Daniel Pickard, a lawyer with Wiley Rein LLP in Washington who represents the coalition, said in a phone interview. The finding is "where we expected it to be," he said. Broadwind deferred all comments to Pickard. Broadwind closed little changed at 29 cents in Nasdaq Stock Market trading, and rose as much as 9.5 percent after the announcement. The shares are down 57 percent this year.
30 May 2012

Cash crunch: Suzlon selling windfarms to repay loans

Suzlon's foreign currency bonds (FCCB), which is the money being raised by the issuing company in the form of a foreign currency, are due for repayment in June and this caused significant concern amongst investors as the company's financial performance is not up to the mark.
4 Apr 2012

Premier says China to curb 'blind expansion' in wind and solar

The Chinese premier says the government will promote strategic emerging industries, but emphasises that it will also "put an end to blind expansion in industries such as solar energy and wind power". Dave Dai, analyst at Daiwa Securities, believes the government was referring specifically to oversupply in the wind and solar equipment sectors.
5 Mar 2012

A harsh winter for China's wind industry and its leading company: Sinovel

Sinovel's rapid growth has been accompanied by a decline in market share ...shares of Sinovel now sell for 50% of the price they fetched when the dispute with AMSC became public; the company enters this year under financial pressure; this pressure has necessitated Sinovel to return to financial markets to supplement its working capital, despite a blockbuster IPO in 2011.
17 Feb 2012

Are wind farms changing the weather In China?

Li Qinghai, an engineer with the Water Statistics Bureau in Xilingol League, said the precipitation data collected by the bureau showed that adjacent to big wind farms there was an obvious decline in annual rainfall since 2005 - in some areas by as much as 80 per cent. "The issue is often overlooked as much of Inner Mongolia is suffering an unprecedented drought," he said. "But after spending more than two decades studying the rise and fall of water levels in the region, I have a strong feeling that the wind turbines are playing a disruptive, if not destructive, role in this, because the droughts in these areas developed much faster than in the turbine-free regions."
26 Nov 2011

Slow down the wind

Liu Qi, Deputy Director of the National Energy Administration (NEA), said, "The accidents took place partly because we had emphasized the construction of wind farms on a large scale but neglected product quality and management." After these accidents, SERC carried out a comprehensive check of the wind power farms nationwide in August, focusing on the safety management.
1 Nov 2011

Tepco says to lower stake in wind power firm

Tokyo Electric Power Co will sell part of its stake in Japan's biggest wind power developer, the troubled utility said on Tuesday, as it looks to raise funds to compensate those affected by the ongoing crisis at its crippled Fukushima nuclear plant.
25 Oct 2011

Mixed wind sector weighs on Chinese results

"We faced a difficult pricing environment in our primary wind power market, resulting in margin pressure and lower sales volume." Though China has been consistently installing wind, global markets have slowed due to financial concerns and turbulent regulatory environments.
17 Aug 2011

SERC inspecting wind farms after disconnections

SERC said on Wednesday that the inspections, which will run all month, will include wind farm safety management, operations, grid connections and the actual wind turbines. The move follows four massive incidents in Jiuquan, Gansu province, one of the most important wind power bases in China.
5 Aug 2011

Nuclear woes boost Japanese wind but supply remains limited

Tokyo Electric Power Company (TEPCO) is limiting generation from renewable plants (including wind) to 5% of their installed capacity. ...Hokkaido Electric Company [is] also capping wind farm contributions to 5% of their capacity. In addition, Arakawa acknowledged that "small [wind farms] across the country are disconnected" and that these are unlikely to rejoin the electricity network until the nuclear crisis is stabilized.
12 Apr 2011

Wind mill firm warns of financial woes as energy policy hangs

The company also warned that its income tax holiday and equipment warranties are nearing expiry and will thus mean added tax and maintenance costs that will have to be paid. Selling to the wholesale electricity spot market, meanwhile, will cause the financial profile of NorthWind to turn "dire" as power sells here for at a lower P3.74/kWh on average.
5 Apr 2011

CWEA predicts China wind slowdown

The annual growth rate of China's installed wind capacity is set to slow down, said Shi Pengfei, vice-president of China Wind Energy Association (CWEA). ...Now, the grid has become a bottleneck for the expansion of the Chinese wind power industry.
28 Mar 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

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

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