Articles filed under General from Asia

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

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

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

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

Wind power growth in China's deserts ignored financial risks

Vast wind farms have sprung up in the Gobi Desert. But in the bid to hit renewable targets, financial risks have been ignored, says Lu Zhenhua, winner of the "biggest impact" category in the China Environmental Press Awards. ...concerns about a national wind bubble are mounting. The losses visible in financial reports from Jiuquan's emerging wind-power network prove that, without state assistance or more preferential policies, limitless winds do not translate into limitless profits.
14 May 2010

Offshore wind farms planned

A senior government panel has drafted a plan calling for the establishment by 2020 of massive offshore wind farms capable of producing at least 1,000 megawatts of power, equivalent to the output of roughly 10 nuclear power plants, a source said Saturday.
9 May 2010

Windmill boom curbs electric power prices for RWE

After years of getting government incentives to install windmills, operators in Europe may have become their own worst enemy, reducing the total price paid for electricity in Germany, Europe's biggest power market, by as much as 5 billion euros some years, according to a study this week by Poeyry, a Helsinki-based industry consultant. ..."Wind is playing an important role in spot-price volatility because it's very difficult to predict when more power is coming on line," said Ruxandra Haradau-Doeser, an analyst at Bankhaus Metzler in Frankfurt.
24 Apr 2010

State government to probe windmill land deals

The Maharashtra government will probe land deals by companies and individuals, who have set up windmills in various districts, following complaints that many of these transactions were illegal. The government has received complaints that land on which many of these windmills stand was bought at throwaway prices. Among those who have invested money in this sector are multinational companies and Bollywood actors.
16 Mar 2010

http://www.windaction.org/posts?location=Asia&p=5&topic=General&type=Article
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