China Energy Update 10/7

Terra Firma plans up to $5 billion renewable energy fund: source Reuters LONDON (Reuters) - Terra Firma, the private equity group led by high-profile dealmaker Guy Hands, is planning a fund of up to $5 billion with China Development Bank for investments in renewable energy, a person familiar with the situation said.http://www.reuters.com/article/2012/10/08/us-terrafirma-energy-china-idUSBRE8970CE20121008

China in secret talks on UK nuclear plant stake [Financial Mail on Sunday, London] Equities.com Oct. 07--CHINA is poised to take a multi-billion pound stake in the building of a nuclear power plant in Somerset with French energy giant EDF. Secret talks are understood to have been taking place for weeks between the two, with the Chinese ...http://www.equities.com/news/headline-story?dt=2012-10-08&val=568141&cat=energy

Lessons from China's Solar Industry Woes Energy Collective Yesterday, the New York Times described a “looming financial disaster” for China's clean energy industry: “Though worldwide demand for solar panels and wind turbines has grown rapidly over the last five years, China's manufacturing capacity has soared ... http://theenergycollective.com/mstepp/120961/lessons-china-s-solar-industry-woes

China's solar slump to strengthen sector? UPI.com BEIJING, Oct. 8 (UPI) -- While China's solar slump has serious repercussions, it could result in a stronger solar sector, insiders say. Prices of solar panels have fallen to three-quarters of their 2008 prices. As a result, China's major solar panel ...http://www.upi.com/Business_News/Energy-Resources/2012/10/08/Chinas-solar-slump-to-strengthen-sector/UPI-12191349712259/?spt=hs&or=er

China Expected To Maintain Its Lead In Global Wind Energy Market North American Windpower China, the U.S., Germany, Spain and India continue to lead wind energy development, together representing 74% of global wind energy capacity, the report notes. The top 10 markets show a diverse picture in the first half of the year: While five ...http://nawindpower.com/e107_plugins/content/content.php?content.10506

Towngas earmarks funds for China ops expansion MarketWatch HONG KONG--Blue-chip utility Hong Kong & China Gas Co. , China's largest piped-gas supplier by sales, has earmarked 10 billion Hong Kong dollars (US$1.29 billion) to boost its distribution network and invest in new energy projects across China between ...http://www.marketwatch.com/story/towngas-earmarks-funds-for-china-ops-expansion-2012-10-07

China's Leading Smart Meter Supplier, Holley Metering, Wins New Customers ... Sacramento Bee "Echelon's strategy of bringing our Energy Control Networking platform to China via our joint venture and local smart grid partners is starting to show results," said Ron Sege, chairman and CEO of Echelon. "This is part of our company's strategy to ...http://www.sacbee.com/2012/10/08/4891590/chinas-leading-smart-meter-supplier.html

Oil Drops as WTI-Brent Spread Widens to Most in Year Businessweek The U.S. is the world's largest energy-consuming country, followed by China, where slowing economic growth is forecast to curb fuel demand. “China's slowdown this year has been significant,” the World Bank said today. Economic growth in East Asia will ...http://www.businessweek.com/news/2012-10-08/oil-drops-a-second-day-on-asia-economic-slowdown

China and India Eye Western Hemisphere Energy Assets OilPrice.com The two BRIC nations, China and India, their treasuries stuffed with cash and seeking foreign energy assets to keep their economies humming, are increasingly eying energy assets in both North and South America. But while U.S. congressmen fulminate ...http://oilprice.com/Energy/Energy-General/China-and-India-Eye-Western-Hemisphere-Energy-Assets.html