Friday, October 12, 2012

China Energy Update 10/12


World Markets Darken for China Solar
Wall Street Journal (blog)
Chris Namovicz, an analyst at the U.S. Energy Information Administration, says that solar is around 20% more expensive per watt than natural gas. Western subsidies for alternative energy drove the massive expansion of China's solar power industry. Now ...http://online.wsj.com/article/SB10000872396390444799904578052583485116780.html
US-China solar energy dispute heats up
Hydrogen Fuel News
The U.S. and China are on the verge of a trade war, all over solar energy technology. China has been throwing its considerable industrial power behind the production of crystalline-silicon solar panels, as well as other solar energy products. The ...http://www.hydrogenfuelnews.com/us-china-solar-energy-dispute-heats-up/856288/

Solyndra, Claiming Foul Play, Sues Its Chinese Rivals

Wall Street Journal (blog) -
Bankrupt solar panel maker Solyndra has filed a $1.5bn lawsuit against Suntech Power Holdings Co. and other players in the Chinese solar industry, Bloomberg reports today, with the U.S. company claiming it was driven out of business by an illegal cartel ...http://blogs.wsj.com/corporate-intelligence/2012/10/12/solyndra-claiming-foul-sues-its-chinese-rivals/

Solyndra Files $1.5 Billion Antitrust Suit Against China Solar Companies

Forbes - ‎6 hours ago‎
Solyndra, the bankrupt Silicon Valley solar startup that received a $535 million federal loan guarantee, has filed a $1.5 billion antitrust suit against China's three biggest photovoltaic panel manufacturers. The lawsuit filed Thursday in U.S. District Court in San ...http://www.forbes.com/sites/toddwoody/2012/10/12/solyndra-files-1-5-billion-antitrust-suit-against-china-solar-companies/

Solyndra Sues Suntech Holdings Over Antitrust Claims

Businessweek -
Solyndra LLC, the bankrupt solar- panel maker that received a $535 million U.S. government loan guarantee, accused Suntech Power Holdings Co. (STP) and other Chinese panel makers of driving it out of business by running an illegal cartel. Solyndra ...http://www.businessweek.com/news/2012-10-11/solyndra-sues-suntech-holdings-over-antitrust-claims


Hydrogen Fuel News
OIL FUTURES: Crude Mixed; Market Awaits Cues From IMF, World Bank, China
Wall Street Journal
Inventory data from the U.S. Energy Information Administration Thursday were mixed, traders said. According to EIA, U.S. oil inventories rose 1.7 million barrels to 366.4 million barrels. Analysts polled by Dow Jones Newswires expected an increase of ...http://online.wsj.com/article/BT-CO-20121012-701890.html

BioPower inks China alliance to spur wave energy project

Sydney Morning Herald -
Budding wave energy hopeful, BioPower Systems, has formed a "strategic alliance" with one of China's biggest industrial firms as it seeks to develop wave energy technology to commercial scale. Shanghai Electric, a wind turbine maker which also claims to ...http://www.smh.com.au/business/biopower-inks-china-alliance-to-spur-wave-energy-project-20121012-27hwh.html
 
BioPower inks China alliance to spur wave energy project
Sydney Morning Herald
Budding wave energy hopeful, BioPower Systems, has formed a "strategic alliance" with one of China's biggest industrial firms as it seeks to develop wave energy technology to commercial scale. Shanghai Electric, a wind turbine maker which also claims ...http://www.smh.com.au/business/biopower-inks-china-alliance-to-spur-wave-energy-project-20121012-27hwh.html

China May Become Powerhouse for Oil-Product Exports, IEA Says
Bloomberg
By Paul Gordon - 2012-10-12T08:00:00Z. China may boost exports of oil products as its refineries expand their capacity while the nation's slowing economy caps demand, according to the International Energy Agency. “The exact scope of this evolution ...http://www.bloomberg.com/news/2012-10-12/china-may-become-powerhouse-for-oil-product-exports-iea-says.html
Solar Silicon to Bottom as China Halts Factory Expansion
Businessweek
Producers led by GCL-Poly Energy Holdings Ltd. (3800) in China and OCI Ltd. (010060) of South Korea have stopped expanding factories after doubling capacity between 2009 and 2011. While the resulting glut gutted margins as it depressed prices to near ...http://www.businessweek.com/news/2012-10-11/solar-silicon-to-bottom-as-china-halts-factory-expansion
We Found Stunning Photos Of The Energy Source Of The Future
Business Insider
He's not alone in thinking so. According to BP's Statistical Energy Review: Coal will remain China's principal commercial fuel forever. Its share will fall from 70% to 55% by ... Meanwhile, nuclear costs several thousand dollars per KW of installed ...
http://www.businessinsider.com/the-energy-of-the-future-coal-2012-10?op=1

LDK Solar Responds to The Final US DOC Determination for Chinese Solar ...

MarketWatch (press release) -
XINYU CITY, China and SUNNYVALE, Calif., Oct. 12, 2012 /PRNewswire via COMTEX/ -- LDK Solar Co., Ltd. ("LDK Solar") (NYSE:LDK) , a leading vertically integrated manufacturer of photovoltaic (PV) products, today issued the following statement ...https://news.google.com/news/story?ncl=http://www.hydrogenfuelnews.com/us-china-solar-energy-dispute-heats-up/856288/&hl=en&geo=us

JA Solar Responds to US Department of Commerce's Final Decision on Anti ...

MarketWatch (press release) -
SHANGHAI, China, Oct 12, 2012 (GlobeNewswire via COMTEX) -- JA Solar Holdings Co., Ltd. (NASDAQ:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today responded to the final ...http://www.marketwatch.com/story/ja-solar-responds-to-us-department-of-commerces-final-decision-on-anti-dumping-tariffs-on-chinese-solar-products-2012-10-12

China seeks repeal of US solar tariffs

Boston Globe -
BEIJING — China demanded Thursday that Washington repeal steep tariffs on solar panels that Chinese producers fear will shut their equipment out of the American market. The tariffs upheld Wednesday by the US Commerce Department add to financial ...http://bostonglobe.com/business/2012/10/11/china-seeks-repeal-solar-tariffs/BYTZjXrbExC08TcqkX16gO/story.html

Endangered green growth

Xinhua - ‎1
BEIJING, Oct. 12 (Xinhuanet) -- Among protectionist measures, the worst are those that not only hamper international trade and hurt economic growth, but also stymie the development of industries crucial to a sustainable global recovery in the long run. http://news.xinhuanet.com/english/indepth/2012-10/12/c_131902467.htm

Chinese Solar Fortunes Shrivel, Leaving Just One Billionaire

Forbes -
An industry that once spawned at least four Chinese billionaires now lays claim to only one, GCL-Poly Energy Chairman Zhu Gongshan. Shares of China's biggest solar-panel makers have fallen off a cliff as prices have declined and key markets have ...http://www.forbes.com/sites/laurahe/2012/10/11/chinese-solar-fortunes-shrivel-leaving-just-one-billionaire/

China condemns US solar ruling

China Daily -
Decision signals protectionism and hinders development of new energy industry, says spokesman. The Ministry of Commerce on Thursday condemned a US decision to slap duties on billions of dollars worth of Chinese solar energy products, saying the step ...http://www.chinadaily.com.cn/business/2012-10/12/content_15812472.htm

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