Thursday, May 31, 2012

China Energy Update 5/30

Chinese wind towers hit with US tariffs
Reuters
By Doug Palmer | WASHINGTON (Reuters) - The United States imposed preliminary duties as high as 26 percent on a second clean-energy product from China on Wednesday, this time hitting the tall steel towers used to harvest power from the wind.
China's United Energy eyes loan to fund Pakistan wind project
Reuters
HONG KONG (Reuters) - Chinese oil and gas company United Energy Group Ltd (0467.HK) said on Thursday that it will tap a $5 billion credit facility with state-owned China Development Bank Corp CHDB.UL to fund a wind farm in Pakistan and has been ...
US again imposes clean-energy tariffs on China
Fox News
WASHINGTON – The Obama administration moved Wednesday to impose stiff new tariffs on wind-energy towers made in China, the latest strike in an escalating trade war over clean energy. The Commerce Department said in a preliminary decision that Chinese ...
China Sees First Private Investment In Energy Infrastructure Project
Fox Business
BEIJING – A private investment fund will take a stake in a major natural gas pipeline in China, the first investment by a private entity in the nation's energy infrastructure. The Chinese government has begun to encourage private investment in key ...
US sets duties as high as 26% on China wind tower imports
Chicago Daily Herald
By Bloomberg News The US Commerce Department set duties from 13.74 percent to 26 percent on imports of wind towers from China used by the energy industry, siding with US manufacturers including Broadwind Energy Inc. The agency released preliminary ...
China Industry Group Says Wind Tower Tariffs May Hurt US Industry
Fox Business
The ruling comes almost one week after China's commerce ministry said US support for six clean-energy projects violated World Trade Organization rules and acted as barriers to trade. That was preceded even earlier by a US decision to slap 31% tariffs ...
Energy assets in front line of cyber war
Reuters
The stable relationship between the United States, Russia and China, means there seems little chance they will try to disrupt one another's energy networks any time soon. But Iran has been bombarded with cyber bugs during its intense nuclear standoff ...
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Nordex Gains as US Sets Levy on China Imports: Frankfurt Mover
Bloomberg
Growth of turbine installations in the US, the second- biggest market after China, may tail off next year with the possible loss of a tax credit, the Global Wind Energy Council said last month. “The US needs to prolong or set up new incentives or the ...
China promises support for 7 key industries
BusinessWeek
China's Cabinet has approved plans to support development of energy and six other strategic industries as it tries to restructure its economy and boost growth. Wednesday's announcement comes as Beijing is trying to reverse a sharp economic downturn ...

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