Deals Done

A Mercuria Energy Group subsidiary has formed a joint venture with Hong-Kong listed China Datang Corp. Renewable Power Co., focusing on renewable energy and carbon credits, energy trading house Mercuria posted on its website.

Irish power developer Gaelectric confirmed on Tuesday that is has signed an £18m (USD26 million) deal with a subsidiary of Chinese wind turbine manufacturer, Xiangtan Electric Manufacturing Corporation Ltd  (XEMC), to roll out three new wind farms in Ireland.

The board of Shanghai-based photovoltaic (PV) component producer JA Solar has approved a share repurchase programme authorising the company to reacquire up to $100m of the company's American Depositary Shares (ADS). The arrangement is effective immediately and allows the company to purchase ADSs on the open market at prevailing rates, in negotiated transactions off the market and in block trades.

Canadian Solar Inc has announced the signing of a photovoltaic (PV) solar module sales agreement with Hyderabad, India-based Cirus Solar Systems Private Limited (Cirus) to deliver 33 MW of solar modules.

Waste-to-energy provider China Recycling Energy has sold 4.15 million shares of its common stock to Carlyle Asia Growth Partners III.

India-based wind turbine manufacturer Suzlon has been contracted by Orient Green Power (OGP), also based in India, to supply units for more than 100MW of wind power projects. The order is valued at Rs650 crore (USD146m) and comprises 48 turbines.

Private investors from Taiwan have agreed to invest USD2 billion in eastern Indonesia to help the country boost production of fish, shrimp, seaweed and other marine life, a government minister told the Jakarta Globe.

Shenhua Group Corp Ltd is to get a 40 percent share in developing Mongolia's Tavan Tolgoi coalfield, the world's largest untapped source of coal, which will help the country to further diversify its energy resources.

Carbon capture and storage and the production of electric vehicles will be two areas of focus under a new China-Germany investment program that will see the countries commit heavily to the cleantech space.