Tuesday, August 14, 2012

China Energy Update 8/14

US Wind Energy Grows 16 Percent, But Still Lags China
TPM
The report paints an encouraging picture of a recovering wind sector from the year 2010 — when the effects of the recession were being felt in full — but it still shows the U.S. lagging behind China when it comes to new wind energy generation capacity.

Suzlon to Exit China; Plans $500 Million Bond Sale
Wall Street Journal
MUMBAI--Suzlon Energy Ltd. (532667.BY) has no plans to expand operations in China, and will exit that country after concluding the sale of its manufacturing assets in the October-December quarter, Chief Financial Officer Kirti Vagadia said Tuesday.
China's water at risk from coal projects
UPI.com
BEIJING, Aug. 14 (UPI) -- The 16 large-scale coal bases that China has planned will trigger severe water crises in the country's arid northwest, a new Greenpeace report warns. China plans to construct the bases before 2015, as part of its latest 5-year ...
Hong Kong stocks rise after 2-day decline
MarketWatch
The Hang Seng Index (HK:HSI) rose 0.8% to 20232.01 and the Hang Seng China Enterprises Index advanced 0.7% to 9887.39. Shares of Aluminum Corp. of China Ltd. (US:ACH)(HK:2600) gained 1.5%, China Coal Energy Co. (US:CCOZY)(HK:1898) rose ...
Chinese Company Offers To Acquire A Leading US Battery Maker
Forbes
Not content to be the world's volume leader, though, government and industry leaders now share a common objective: “To make China's auto industry the innovation leader by 2020.” To underscore this objective, Clean Energy Vehicles is one of the seven ...
Shining a light on Too Big to Fail in China
MarketWatch
LDK Solar has approached China Energy Conservation and Environmental Protection Group (CECEP) as a potential buyer, bank sources say. State-owned CECEP, which focuses on energy conservation, emissions reduction and environmental protection, ...
China Natural Gas Announces Second Quarter 2012 Financial Results
Equities.com
Shuwen Kang, CEO of China Natural Gas, Inc. commented: "We are pleased to share the results of our second quarter, as we believe that they demonstrate continued progress toward our sector and geographic growth and forward integration objectives. The ...
China July power consumption, output growth higher
MarketWatch
Residential consumption grew 9.1% from a year earlier to 52.1 billion kWh, compared with 5.3% in June, the National Energy Administration said in a statement Tuesday. The rise was due to high temperatures during the peak summer season, Liu Dongna, ...
Beijing Denies Creating Rifts Over S. China Sea
Voice of America
China is denying that it is attempting to create discord within the ASEAN regional bloc in an attempt to exert more influence in disputed areas of the energy-rich South China Sea. Some observers say Beijing does not want the 10-member Southeast Asian ...

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