Markets

The China CleanTech Index has reported an 8.1 per cent loss in June, a worse performance than all its benchmarks and it was down 10.8 per cent for the year. Only days after Bloomberg New Energy Finance reported  that China was driving global growth in the clean energy sector with a 92 per cent surge in investment in the second quarter of 2012 over the first quarter, the Index showed that investor confidence is still shaky.

India's Bombay Stock Exchange (BSE) has launched a green index, in conjunction with gTrade Carbon Ex Ratings Services Private Limited (gTrade) based in India.

Global clean energy investment remained sluggish in the second quarter of 2012, with venture capital & private equity investment and project finance activity both falling quarter-on-quarter. According to Clean Energy Pipeline project finance totaled USD34.6 billion, its second lowest quarterly level during the last two years, while venture capital and private equity investment (excluding buyouts) reached USD1.9 billion, its lowest quarterly level since the beginning of 2009. Similarly, IPO activity languished with clean energy companies only securing USD1.1 billion through IPOs globally in the last quarter

The world’s largest solar-panel makers are boosting production this year on expectations that demand in China will double, a surprise shift as the USD36 billion market migrates from Europe to Asia, Bloomberg reported Friday.

China National Nuclear Power Co Ltd, the nation's leading nuclear energy developer, is planning an A-share initial public offering (IPO) to fund the development of its nuclear power projects, Xinhua reported yesterday

The China Securities Regulatory Commission and Ministry of Environmental Protection are expected to start exchanging results of their environmental protection inspections of companies applying for listings, according to a report by Economic Observer operated by Xinhua News Agency.

LDK Solar Co. (LDK), the world’s second-largest maker of solar wafers, lost 38 percent of its market value in four trading days as analysts cut estimates and questioned whether its balance sheet can withstand a global oversupply and threats from US tariffs, according to a Bloomberg report today.

India-based wind turbine manufacturer Suzlon has recorded a Rs479 crore (USD87m) net loss for the 2011 financial year although reporting a yearly revenue growth of 18 percent to Rs21,000 crore.

The world’s solar power generating capacity will increase by between 200 and 400 percent over the next five years, during which time Europe will pass its solar crown to Asia and other emerging markets, according to the European Photovoltaic Industry Association’s (EPIA) market outlook until 2016.