Newswire

A source from China's top economic planning body said the authority has finished collecting opinions about the feed-in tariff ratings of China's solar industry, which indicates the finalized scheme may be issued soon, according to the China Securities Journal.

The chairman and acting president of Sinovel Wind Energy Group, Wei Chiyuan, has resigned as of one of the country's largest makers of wind turbines struggles amid an industry downturn, according to a report in news portal, Caixin Online.

The International Finance Corporation (IFC), together with an unnamed international partner, will inject at least USD10 million into Chinese LED technology specialist Qingdao Jason Electric, a developer of deep ultraviolet LED technology for used in air and water purification and medical equipment sterilization.

With a series of new technical standards designed to enhance smart meter quality management and control set to come into force in August, China’s smart meter market to expand by 9 percent and break the 100 million-unit shipment threshold for the first time ever this year, according to market research company IHS iSuppli.

Shanghai is promoting the sale of recycled water among corporations as a way to save the resource. In one trial project, Shanghai Shenmei Beverage & Food Co Ltd, the local producer of Coca-Cola, will pump its reclaimed water from its factory in the Pudong New Area to Sharp China, which is in the same industrial park. According to the Shanghai Water Authority, Shenmei's reclaimed water was produced after purifying the water used to wash beverage bottles. It will be used to flush toilets or as cooling water for Sharp's air-conditioners.

Renewable energy companies from China and Hong Kong are facing debts of USD3.5 billion this year and the equivalent of USD5.3 billion of notes due next year, according to a report in the Sydney Morning Herald, citing Bloomberg data.

South Korea is paving the way for the introduction of a carbon price potentially as high as USD90 a tonne for many of the country’s key industries, according to a new report by Bloomberg New Energy Finance (BNEF) and Ernst & Young.

China Merchants New Energy Group, a Hong Kong-based renewable-energy project developer, will form a joint venture with Xinjiang Production and Construction Corps Investment Co to invest USD489 million to develop solar farms.

India once dominant wind giant Suzlon Energy has been booted from its top spot and replaced by another local turbine supplier, Wind World (India) Ltd, formerly known as Enercon (India) Ltd.