Finance

April 29, 2013
Following the fire sale of one of its subsidiaries to a Chinese government entity earlier this month, financially battered LDK Solar has now announced that it will sell 25 million new ordinary shares to Fulai Investments Limited for USD25.7 million, which is about an 8 percent discount.
April 26, 2013
Detroit Electric, a startup electric car company based in the US state of Michigan, is partnering with China's Geely Automobile to develop vehicles for the Chinese market, according to Bloomberg.
April 25, 2013
Yingli Green Energy has signed two loan agreements with the China Development Bank (CDB) totalling US$165 million.
April 24, 2013
Indian wind turbine maker Suzlon on Tuesday said it has implemented a USD 1.8 billion debt restructuring package in an effort to put the company back on a sound business footing.
April 23, 2013
The International Finance Corporation (IFC), together with the Bank of Shanghai on Saturday launched a 500 million yuan (USD80 million) financing and advisory program to support energy-efficiency and renewable-energy projects among small and medium enterprises (SMEs) in China.
April 19, 2013
The official in change of China’s climate change program says the country will have enabling legislation to support a national carbon market in place by 2015.
April 19, 2013
Japan’s Toshiba Corp and US-based SunEdison have agreed to build solar power plants in Japan, according to the Nikkei.
April 17, 2013
China-based LDK-Solar’s announcement that it could not pay almost USD24 million in debt due on April 15 has raised the specter of yet another massive solar-industry failure this year as the company needs to repay a loan 10 times larger by June.
April 16, 2013
China automakers Geely and Kandi Vehicles are to establish a joint venture company with to invest, research, develop and produce electric vehicles (EVs) in China, according to a press release from Kandi.
April 15, 2013
Hong Kong-listed China Wind Power has signed a strategic co-operation agreement with CNNC Rich Energy to co-invest in a total of 700-MW of renewable energy capacity.
April 11, 2013
Shanghai – China’s domestic financial center – has confirmed it will start its carbon emissions trading exchange in June, becoming the second market to announce commencement of a carbon cap-and-trade scheme, after Shenzhen said last week that it would launch its carbon market on June 17.
April 11, 2013
Japan’s largest refiner, JX Nippon Oil & Energy (JX) says it is in talkd with America’s First Solar to sell its share of US-based PV manufacturer TetraSun.
April 08, 2013
Geothermal company Ormat Technologies says that Sarulla Operations has signed joint operating and energy sales contracts for its 330-MW Sarulla geothermal power project in Indonesia.
April 07, 2013
Shenzhen, the Chinese Special Economic Zone and across the border from Hong Kong, will open carbon emissions trading market on Monday 17 June, according to city’s mayor.
April 05, 2013
A consortium of six Japanese banks led by the Development Bank of Japan (DBJ) will loan 18 billion yen (UD191 million) for a lrage wind power project in western Japan.
April 02, 2013
Japan will list the world’s first futures contract for liquefied natural gas (LNG) on the Tokyo Commodity Exchange (Tocom) within two years.
March 27, 2013
At the close of the Pacific Energy Summit in Auckland, New Zealand yesterday a consortium of countries and international banking institutions announced that a funding package of USD532 million has been secured to fund renewable energy projects across the Pacific.
March 25, 2013
Hong Kong-headquartered GCL-Poly and China’s Yingli Green’s have signed a major new agreement for the supply of PV modules to fill the former’s project pipeline estimated at about 1-GW.
Suntech down the drain
March 13, 2013
The fascinating end game being played over Suntech Power Holdings, the world’s biggest solar PV manufacturer in 2011, is rapidly gathering pace. On Monday news broke that 60 percent of the company’s bondholders have entered a forbearance agreement under which they will not press for repayment of their loans, due this Friday, until 15 May. Given that Bank of China, one of the Wuxi, Jiangsu-based company’s largest creditors, had initiated legal proceeding for unpaid debt, the agreement should have come as a relief to some.
China US Oil
March 11, 2013
China is looking optimistically at taking a bigger role in America’s booming shale gas industry as the Asian country’s biggest players shop for opportunities in the US market, despite almost certain push back from the US government and other stakeholders. Armed with a wheel barrow full of government cash, China’s largest oil company, China National Petroleum Corp, is seeking to take a prominent seat at the high-stakes energy table in North America.