Library from Asia

China pushes wind power, but no quick payoff for producers

China boasts the world's largest wind power capacity, but a third of it sits idle as renewable energy is a money-losing business for grid operators and network construction has lagged capacity expansion. As a result, China struggles to transmit electricity from generating zones in the northwest, north and northeast to population hubs in the south and east.
10 Sep 2012

Utility Head: Japan can't afford renewable energy, needs nuclear

Japan is currently devising long term plans to get a handle on its energy crisis but, while renewable energy will certainly play a role, the country is in no position to drop nuclear energy entirely. The debate over the best option for both the Japanese people and the Japanese economy is expected to continue throughout 2012 as the nation's politicians work to find a realistic and sustainable energy solution.
7 Sep 2012

First offshore round stalled by doubts

SOA expects offshore wind farms to be built further away from the coast than the previous four sites. But developers fear that deeper sea areas will mean increased costs and risks on projects that have been won on low feed-in tariffs. They are hoping for an increase in feed-in tariffs, currently set at CNY 0.62-0.73 ($0.098-0.116) per kilowatt hour ...despite far higher development costs.
1 Jul 2012

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

'Green' energy makes farmers see red

It was nearly 10 years ago that the farmers fraternity along with local politicians were first found discussing how the biggest wind site in Asia, which is currently adding 1600MW to the state grid, would affect the rain pattern in their region. The project began in 2000. Though the GB Pant committee concluded four years ago-that there was no impact on the rains, villagers think otherwise.
17 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

Japan alternative-energy investment stalls

By far the biggest problem in attracting investors is the uncertainty surrounding the details of the government's energy policy, set to be unveiled sometime this summer. Although the government will force electricity companies to buy power from alternative-energy providers, for how many years and at what price isn't yet known. That lack of detail has muted investor interest.
3 Apr 2012

Wind turbines: A blow for China

After the government set targets five years ago for renewable energy to make up a sixth of the country's power by 2020, nearly 100 manufacturers piled in. Now that the market is cooling, competition is starting to bite. Newly added wind power capacity fell for the first time last year, by 5 per cent, and is set to decline more sharply in 2012.
5 Mar 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

'One dead, one missing' after China turbine blaze

Huaneng has not confirmed details of the incident, which took place on 7 February but has only just been reported. ...CSR is a relatively new entrant to the wind turbine market. It has not commented, leaving several questions unanswered, including why the accident was only reported now, why CSR did not immediately inform AMSC and how a victim could still be missing two weeks after the fact.
23 Feb 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

http://www.windaction.org/posts?location=Asia&p=9
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