An offshore wind farm is expected to be built on Dalian Island in Pingtan county, Fujian province, next year by China Guangdong Nuclear Power Holding (CGNPC) with an investment of 4.5 billion yuan ($731.25 million). Tang Jiansheng, vice-general manger of CGNPC, visited Pingtan and discussed details of the project with local government authorities. "Pingtan boasts rich, clean energy resources and has great p ...

Plans by Scotland and South Korea to work together on developing new offshore wind and tidal power technologies have taken a step forward this week, during a Scottish delegation trip to the Asian economy. The Scottish government yesterday gave the green light to Korea's Samsung Heavy Industries to develop a £6.04m test centre at the Fife Energy Park in Methil, which will be used to develop its next generati ...

World's fifth largest wind turbine- maker Suzlon Energy is planning to raise up to USD 400 million by selling 15 of its non-core assets in a bid to partly retire the huge debt pile of nearly Rs 14,600 crore, a top company official has said. Earlier, the company was planning to raise USD 100 million. "We have identified 15 non-core assets, mostly in overseas markets like China, US, etc, which we plan to sell ...

The Asian Development Bank (ADB) has made a $30m equity investment in NSL Renewable Power to help it develop a 75MW wind farm and other clean-energy projects in India. NSL Renewable, a unit of conglomerate NSL Group, will use the funds to develop the 75MW Chilarewadi wind farm near the city of Pune, in the Indian state of Maharashtra. It is also planning a 100MW hydropower project in the northern state of H ...

Orange Jaisalmer Wind Energy, an Orange Renewable Holding SPV, has raised a loan of Rs1.95 billion to finance the a 50.4MW wind power plant located in Bhesada, in the district of Jaisalamer in Rajasthan. The project is being implemented under the wind power policy of the state government. The loan, with a 14 year tenor, pays a margin of 275bp over SBI base rate. Lenders are SBI Capital (Rs1bn), India Renewa ...

Tata Power today said it has commissioned its 21-MW wind power project in Rajasthan. Tata Power has an operating capacity of 397 MW in wind power which is spread across five states- Maharashtra, Tamil Nadu, Gujarat, Rajasthan and Karnataka. Its South Africa JV with Exxaro called Cennergi has been shortlisted as preferred bidder for two wind projects of 234 MW, including 139 MW Amakhala and 95 MW Tsitsikamma ...

China's wind power industry continued retrenching in 2012 which started a year earlier with slower installed capacity growth and a continuing power rationing problem. This resulted in slower growth in wind power generation and wind power companies' deteriorated performance. The National Energy Administration (NEA) announced on April 9 that China generated 100.8 billion kWh of wind power in 2012, up 41 perce ...

On 11 April, the Beijing Bureau of the China Securities Regulatory Commission handed Sinovel an official document demanding it to take measures to correct its accounts. The bureau said Sinovel gave incorrect bills, data and financial records on some businesses, which resulted in a false increase of net profits in 2011. This violated the management measures on information disclosure of listed companies. The ...

Competition for a stake in an Australian wind farm is thinning, after a key shortlisted party pulled its interest. China Longyuan Power Group Corp won’t submit a final offer in an auction for a stake in Boco Rock wind farm. China’s largest wind-power producer had been shortlisted alongside Thailand’s Electricity Generating PCL as potential buyers of a stake in the New South Wales state wind farm, The Wall S ...

According to the latest statistics released by the National Energy Administration, China, the world's largest wind power producer, saw its wind power output surge 41% YoY to 100.8 terawatt hours last year. The wind power output last year accounted for about 2% of the country's total on grid electricity. As of the end of last year, the country's on-grid wind power capacity had increased to 62.66 gigawatt hou ...