I've got a lot of attention before a few days U.S. electric vehicles (EV) sensation Tesla (NASDAQ: TSLA), so it's only fair that I by writing about China's home-made EV superstar BYD-up follow-up (OTC: BYDDF;) HKEx: 1211; Shenzhen: 002594), which recently published quarterly figures, which look quite disappointing. The only things that look like something encouraging in this latest report are the fact that billionaire investor he bought that in 2008 its 10-percent stake in the company to keep Warren Buffett, still, and that BYD is lucrative. But also the gains strong support from Beijing in its programme to promote clean-energy vehicle development.
If I had to describe BYDs recent performances in a single thought, I'd say that pretty good pilot programs set up this company for its EVs but has found it difficult to translate these programs in large companies. In the last three years, BYD has announced a steady sequence of such pilot programs in a variety of markets, from Western Europe, the United States and Latin America, as well as in its home market of China. But with a few rare exceptions, we need to have one of these programs turn you into the major orders that BYD has its EV program long term profitable to make.
Everything, what say we take a closer look of BYDs latest quarterly results, to show its profit largely evaporated in the first three months of the year. The company reported a first quarter net profit of around 12 million Yuan, or just over $2 million, which was 90 per cent compared to the previous year. This is quite a small figure for a company whose Umsatz amounted to nearly 12 billion yuan for the quarter was down a more modest 9 percent.
BYD reported by 98 million Yuan it received Government grants in the quarter which means that it would have almost certainly lost money, without this support. Of course not we can subtract that amount from its total profit directly, but I think it is fair to say that the company help would have reported a loss of 50 million Yuan or more without this Government.
BYD's Hong Kong traded shares fell 2.8 percent before the report came, although some the reason the latest trading session got back on Friday. The stock has over the last year and a half, more than tripling since October 2012 on enthusiasm about the EV program actually collected anything. But I suspect that this latest disappointing result could force investors to recognize the company's electric dreams materialize are not, as hoped, and could a mark the beginning of wider selloff, the stock drop by a third or more in the next few months could see.
BYD is in the difficult position of waiting on the EV business to launch, fruits as its older battery and traditional gas-powered car companies show signs of aging. BYD earlier said it will leave the gas powered car business altogether by 2015 as the future in electric vehicles. The company also announced a major plan a year ago, to raise up to $500 million by issuing new shares in a bid to shore up its cash position.
I mostly excited about BYD everytime wrote it a new EV pilot, as such programs announced, to test the technology before larger orders are a necessary first step for customers. But the fact that we some large orders appropriate means until probably three years later on, that many of these pilot programs were not as smooth as BYD had hoped and maybe the buyer doesn't see how the technology. The not sure bode well for the future of the company, which means that BYD Government support its bottom line for the rest of this year and possibly in 2015 could depend on.
Bottom line: BYD's latest results show his EV sales are not accelerated, as fast as planned and it will support its bottom line depending on Government subsidies for the rest of this year.
This blog was originally released on young's China business blog and was published with permission.
View the original article here
Showing posts with label China. Show all posts
Showing posts with label China. Show all posts
Saturday, May 03, 2014
China electric vehicle manufacturer relies on Government support
Saturday, May 03, 2014Ярлыки: China, Electric, Government, manufacturer, relies, Support, Vehicle 0 коммент.
Wednesday, July 10, 2013
China says it will not set carbon cap
Wednesday, July 10, 2013
London-although several major newspapers of record in May reported that the Chinese national development and Reform Commission (NDRC) had proposed introducing a limit on greenhouse gases from 2016, says the nation that it has no such plan.
The Financial Times reported that Jiang Kejun, a CO2 policy researcher with the NDRC said China considered an emissions cap for the 13th five-year plan (2016-2020) and was looking at an appropriate level.
Su Wei, China's Chief climate negotiator and Director-General of the NDRC Department of climate change, dismissed the reports in an interview with Bloomberg in determining that China its current agreement to the cut the carbon intensity (a measure of CO2 emissions in relation to economic performance) maintained the levels of up 2020. Su's comments will be about 40 percent 2005 are the first by a senior Chinese negotiator, since the reports were published.
"There are many ways that we can achieve the carbon intensity target by 2020," said Su. "We would make certainly five-year plans regulations both in the 12th and 13th to achieve this goal." NDRC announced a carbon trading system in Shenzhen to launch the 638 companies recorded to produce the 38 percent of emissions in the city. Six other sites plan to roll out before 2014 scheme.
Nearly a quarter of the world's CO2 emissions for China.
View the original article here
The Financial Times reported that Jiang Kejun, a CO2 policy researcher with the NDRC said China considered an emissions cap for the 13th five-year plan (2016-2020) and was looking at an appropriate level.
Su Wei, China's Chief climate negotiator and Director-General of the NDRC Department of climate change, dismissed the reports in an interview with Bloomberg in determining that China its current agreement to the cut the carbon intensity (a measure of CO2 emissions in relation to economic performance) maintained the levels of up 2020. Su's comments will be about 40 percent 2005 are the first by a senior Chinese negotiator, since the reports were published.
"There are many ways that we can achieve the carbon intensity target by 2020," said Su. "We would make certainly five-year plans regulations both in the 12th and 13th to achieve this goal." NDRC announced a carbon trading system in Shenzhen to launch the 638 companies recorded to produce the 38 percent of emissions in the city. Six other sites plan to roll out before 2014 scheme.
Nearly a quarter of the world's CO2 emissions for China.
View the original article here
Ярлыки: Carbon, China 0 коммент.
Tuesday, March 12, 2013
Global solar industry poised for recovery
Tuesday, March 12, 2013
The $US77 billion solar energy industry is expected to to the most since 2011, expand, per China the largest market for the first time and runs the annual global installations to a record.
New generation capacity 14 percent this year 34.1 gigawatts, around eight atomic reactors, the same according to the average estimate of seven analysts surveyed by Bloomberg rises. Would suggest that shrank as demand in the year 2012, the growth of 4.4 percent in Italy and France after subsidies were cut.
China, after the construction of scores of factories, which helped, Panel prices is 20 percent cut in the past year to be ready, the largest consumer of the devices are to double target after 2013 for new projects in January. Tumbling prices benefit installers including solar city Corp. and SunPower Corp. of California, manufacturers such as LDK violate solar from China and Norway's renewable energy Corp.
"Solar demand proves to be very resistant and grows this year even as European markets collapse, hold," said Jenny Chase, head of the solar analysis at Bloomberg of new energy finance in Zurich. "A further increase in the installations driven record-low prices, however good manufacturers help not margins."
The advantages are mainly to customers and the installation companies who hire them. SolarCity and SunPower 38 percent and 109 percent, respectively, this year, the producers won dominated Bloomberg global large solar index in the period increased only 23 percent.
Cut edges
A jump in factory capacity expanded a global glut of panels 2012, slashing drives producers profit margins, depressing stock prices and companies such as Q-cells SE in the bankruptcy. Chase said only "mass additional capacity shutdown" will stabilize prices of photovoltaic products.
Prices for Silicon-based solar cells fell about 20 percent to 79 cents per watt in the last 12 months, after dropping in the previous half year.
China, the biggest emitter of carbon dioxide, is expected to 2013, Germany as the largest solar market to fall according to analysts BNEF. Projects have allowed are multiplied, the nation financial support of his solar companies in a bid to diversify the coal-dependent energy sector.
The Chinese Government expects 10 gigawatts new solar projects in 2013, more than double the previous objective and three times last year's expansion. The country plans to 2015 when compared with a previous target of 21 gigawatts, Councillor Shi Dinghuan said 30 to install 35 gigawatts Jan..
Capacity expansion
The solar industry expansion will be this year by the United States and Japan, dangers BNEF show data. Growth in those Nations, along with China exceeded the most European markets in 2012, to send the world's capacity to more than 100 gigawatts, according to the European Photovoltaic Industry Association or EPIA.
New installations in Europe fell for the first time fall to less than 60 percent of all new capacity by about three-quarters a year earlier. Nations outside the region will be further expanding their share this year, according to IHS Inc.
While Chinese Panel and JinkoSolar expect manufacturers such as Yingli Green Energy to increase shipments, which does not translate necessarily in higher profit margins, if prices don't recover after Aaron Chew, analyst at Maxim Group in New York.
"Higher shipments no scope can be even no room for maneuver," chew said, according to the view of Englewood, Colorado-based IHS, which predicts that stagnant prices be cut this year from $US77 billion annual turnover in the industry by about $US75 billion.
Volatile industry
Most of the factories producing below capacity to ride out the crisis. The global solar market is usually volatile, recording a 17 percent expansion from 2008 to 2009 before the 135 percent jump a year later and grow more slowly over the next two years.
Those manufacturers who survive can begin to see signs of a recovery this year, Deutsche Bank AG said last month, citing China's decision, double installations, as well as investments by us Billionaire Warren Buffett in large solar projects and stable prices for polysilicon.
News contributed to the Bloomberg Deutsche Bank solar survey which estimates of Citigroup Inc., HSBC Holdings plc, Macquarie Group, Maxim Group, IHS and BNEF are also included.
Recent polls have shown that analysts underestimated installations. A Bloomberg survey a year ago predicts a 10 percent drop from 2011 to 2012, when new projects were in fact increasing.
New generation capacity 14 percent this year 34.1 gigawatts, around eight atomic reactors, the same according to the average estimate of seven analysts surveyed by Bloomberg rises. Would suggest that shrank as demand in the year 2012, the growth of 4.4 percent in Italy and France after subsidies were cut.
China, after the construction of scores of factories, which helped, Panel prices is 20 percent cut in the past year to be ready, the largest consumer of the devices are to double target after 2013 for new projects in January. Tumbling prices benefit installers including solar city Corp. and SunPower Corp. of California, manufacturers such as LDK violate solar from China and Norway's renewable energy Corp.
"Solar demand proves to be very resistant and grows this year even as European markets collapse, hold," said Jenny Chase, head of the solar analysis at Bloomberg of new energy finance in Zurich. "A further increase in the installations driven record-low prices, however good manufacturers help not margins."
The advantages are mainly to customers and the installation companies who hire them. SolarCity and SunPower 38 percent and 109 percent, respectively, this year, the producers won dominated Bloomberg global large solar index in the period increased only 23 percent.
Cut edges
A jump in factory capacity expanded a global glut of panels 2012, slashing drives producers profit margins, depressing stock prices and companies such as Q-cells SE in the bankruptcy. Chase said only "mass additional capacity shutdown" will stabilize prices of photovoltaic products.
Prices for Silicon-based solar cells fell about 20 percent to 79 cents per watt in the last 12 months, after dropping in the previous half year.
China, the biggest emitter of carbon dioxide, is expected to 2013, Germany as the largest solar market to fall according to analysts BNEF. Projects have allowed are multiplied, the nation financial support of his solar companies in a bid to diversify the coal-dependent energy sector.
The Chinese Government expects 10 gigawatts new solar projects in 2013, more than double the previous objective and three times last year's expansion. The country plans to 2015 when compared with a previous target of 21 gigawatts, Councillor Shi Dinghuan said 30 to install 35 gigawatts Jan..
Capacity expansion
The solar industry expansion will be this year by the United States and Japan, dangers BNEF show data. Growth in those Nations, along with China exceeded the most European markets in 2012, to send the world's capacity to more than 100 gigawatts, according to the European Photovoltaic Industry Association or EPIA.
New installations in Europe fell for the first time fall to less than 60 percent of all new capacity by about three-quarters a year earlier. Nations outside the region will be further expanding their share this year, according to IHS Inc.
While Chinese Panel and JinkoSolar expect manufacturers such as Yingli Green Energy to increase shipments, which does not translate necessarily in higher profit margins, if prices don't recover after Aaron Chew, analyst at Maxim Group in New York.
"Higher shipments no scope can be even no room for maneuver," chew said, according to the view of Englewood, Colorado-based IHS, which predicts that stagnant prices be cut this year from $US77 billion annual turnover in the industry by about $US75 billion.
Volatile industry
Most of the factories producing below capacity to ride out the crisis. The global solar market is usually volatile, recording a 17 percent expansion from 2008 to 2009 before the 135 percent jump a year later and grow more slowly over the next two years.
Those manufacturers who survive can begin to see signs of a recovery this year, Deutsche Bank AG said last month, citing China's decision, double installations, as well as investments by us Billionaire Warren Buffett in large solar projects and stable prices for polysilicon.
News contributed to the Bloomberg Deutsche Bank solar survey which estimates of Citigroup Inc., HSBC Holdings plc, Macquarie Group, Maxim Group, IHS and BNEF are also included.
Recent polls have shown that analysts underestimated installations. A Bloomberg survey a year ago predicts a 10 percent drop from 2011 to 2012, when new projects were in fact increasing.
Ярлыки: China, Energy Industry, global, solar 0 коммент.
Thursday, March 07, 2013
China Boosts energy, emissions targets after record pollution
Thursday, March 07, 2013
The Government reduced the country's CO2 emissions and energy consumption China's top economic planner, said attempts, the national development and Reform Commission per unit of gross domestic product by at least 3.7 per cent in the year 2013 and emissions trading to wear today in a report. Carbon intensity fell 5.02 percent and energy consumption per unit of GDP slid by 3.6 percent last year against targets by 3.5 percent, said the NDRC in Beijing.
China's Cabinet, the State Council, estimated in August energy saving and emission reduction in the five years up to 2015 and the country's largest 2.37 trillion yuan ($380 billion) to spend, that oil companies produce for billion yuan in refinery of upgrades on clean fuel have announced. Official measurements of particulate matter in the air measuring less than 2.5 micrometres, that 993 micrograms per cubic meter in Beijing represent the greatest danger for the health rose to a record on 12 Jan. compared to guidelines of the World Health Organization (WHO) of no more than 25.
"The energy intensity and carbon intensity targets for this year will be met probably Charlie Cao, analyst at Bloomberg of new energy finance in Beijing," said today by phone. "The five-year targets are more difficult to achieve by 2015, especially if economic growth makes it easier in the following years."
The nation wants to reduce energy consumption CO2 intensity per unit of GDP by 16 per cent over the five years by 17 per cent by 2015.
Clean energy
China will expand also the electricity produced from renewable energy sources. Hydropower capacity will climb wind of 18 million and solar energy of 10 million, according to the report by 21 million kilowatts this year. Nuclear power rising 3.24 million kilowatts.
"We are increasingly to save energy and resources and to protect the environment," the NDRC said. "We will continue to reduce the discharge of major pollutants."
The Government will present the pricing mechanisms for oil and gas, reforms the report showed. The NDRC test gas-price programs in the provinces of Guangdong and Guangxi in South China started in December 2011 and said that it would be expanded nationwide after a review.
Rates, growth
Oil product pricing reform can be announced after the national people's Congress, Neil Beveridge, a senior research analyst with Bernstein in Hong Kong, Feb 25 said. China might be oil company fuel prices according to guideline rates posted by the Government, the official Xinhua News Agency reported March 28, citing Peng Sen, a former Vice President of the NDRC.
Current environmental concerns, a "tight" gas market with strong demand growth and the country always dependent of pipeline and liquefied natural gas imports point to an acceleration which can increase reforms this year and prices, said Scott Darling, analyst with Barclays PLC in Hong Kong, in a report 24 Jan.
China's goal of economic growth at 7.5 percent this year, according to Prime Minister Wen Jiabao's work report in Beijing today before his final inaugural speech to nearly 3,000 lawmakers at the annual meeting of the NPC be maintained. GDP expanded 7.9 percent in the fourth quarter compared with 7.4 per cent in the previous period, snapped a seven quarter slowdown, government figures showed Jan. 18.
Copyright 2013 Bloomberg
View the original article here
China's Cabinet, the State Council, estimated in August energy saving and emission reduction in the five years up to 2015 and the country's largest 2.37 trillion yuan ($380 billion) to spend, that oil companies produce for billion yuan in refinery of upgrades on clean fuel have announced. Official measurements of particulate matter in the air measuring less than 2.5 micrometres, that 993 micrograms per cubic meter in Beijing represent the greatest danger for the health rose to a record on 12 Jan. compared to guidelines of the World Health Organization (WHO) of no more than 25.
"The energy intensity and carbon intensity targets for this year will be met probably Charlie Cao, analyst at Bloomberg of new energy finance in Beijing," said today by phone. "The five-year targets are more difficult to achieve by 2015, especially if economic growth makes it easier in the following years."
The nation wants to reduce energy consumption CO2 intensity per unit of GDP by 16 per cent over the five years by 17 per cent by 2015.
Clean energy
China will expand also the electricity produced from renewable energy sources. Hydropower capacity will climb wind of 18 million and solar energy of 10 million, according to the report by 21 million kilowatts this year. Nuclear power rising 3.24 million kilowatts.
"We are increasingly to save energy and resources and to protect the environment," the NDRC said. "We will continue to reduce the discharge of major pollutants."
The Government will present the pricing mechanisms for oil and gas, reforms the report showed. The NDRC test gas-price programs in the provinces of Guangdong and Guangxi in South China started in December 2011 and said that it would be expanded nationwide after a review.
Rates, growth
Oil product pricing reform can be announced after the national people's Congress, Neil Beveridge, a senior research analyst with Bernstein in Hong Kong, Feb 25 said. China might be oil company fuel prices according to guideline rates posted by the Government, the official Xinhua News Agency reported March 28, citing Peng Sen, a former Vice President of the NDRC.
Current environmental concerns, a "tight" gas market with strong demand growth and the country always dependent of pipeline and liquefied natural gas imports point to an acceleration which can increase reforms this year and prices, said Scott Darling, analyst with Barclays PLC in Hong Kong, in a report 24 Jan.
China's goal of economic growth at 7.5 percent this year, according to Prime Minister Wen Jiabao's work report in Beijing today before his final inaugural speech to nearly 3,000 lawmakers at the annual meeting of the NPC be maintained. GDP expanded 7.9 percent in the fourth quarter compared with 7.4 per cent in the previous period, snapped a seven quarter slowdown, government figures showed Jan. 18.
Copyright 2013 Bloomberg
View the original article here
Ярлыки: after, Boosts, China, emissions, Energy, pollution, Record, targets 0 коммент.
Saturday, February 23, 2013
China: A global new energy scavenger hunt
Saturday, February 23, 2013
Newly reported that large automaker Dongfeng motor (HKEx: 489) a struggling U.S. hybrid automaker is bidding to buy are casting a spotlight on China in its new role as scavengers for global new energy companies are struggling to stay in business. A number of factors driving this budding trend, led by the fact that many of these Chinese suitors enough cash fairly and in a good position to provide much-needed funds for Western companies for new energy-starved.
What more love Chinese companies generally a bargain, if they global resources shop. Then there is also the factor of technology, how many hope this Chinese buyers of technology get some of their purchases for the operation to bring them home. Finally, there is also the factor of Beijing, because many such purchases make those buyers to its commitment to the development of new energy technologies to show top priority for the Central Government. The only problem with this is of course, that most of these factors have little or no backing in the leadership of an economically viable business model, which means that many of these purchases ultimately for their buyer headaches and wrecking might lead.
But now that I said that, we take a look at the latest headlines that say that the Dongfeng is one of several potential bidders ForFisker automotive, a US manufacturer of high-end hybrid cars. The Dongfeng bid would see approximately 350 million $ to pay to sell their luxury hybrid cars for more than $100,000 for 85 per cent of Fisker. Fisker had stopped production of his karma model car last year after a who said bankruptcy, but recently its key suppliers, it plans to restart production soon.
According to the reports, Fisker will face their own cash crunch around the middle of this year, if it is not found until a new major investor. When Dongfeng manages to buy the stake, it could be some of Fisker's production finally after China-a common strategy by Chinese buyers who often move, that she can fix troubled Western companies think by simply moving their production facilities in China.
This latest deal follows a series of similar Western companies, the new energy in the past year fighting the recent purchase of China. At least these offers China's Wanxiang saw group before recent approval for the appointment of the majority of the assets of the bankrupt high-tech battery maker of A123 systems to win. Which are faced before some uncertainty due to national security concerns, but the U.S. Government ultimately approved the transaction last month.
Last year saw a number of Chinese companies make global acquisitions in the solar panel, which has struggled for the past 2 years due to a massive flood of supply. Chinese companies of reached Hanergy holding group a deal last fall to ailing Silicon Valley companies MiaSole for bargain buy. Hanergy made also an acquisition in Germany, to buy a unit of QCells, for about $500 million. Other deals saw LDK Solar (NYSE: LDK) 33 percent of Sunways AG last year and the TFG radiant Groupbuy Germany a 41 percent in the U.S. company ascent solar technologies in the year 2011 to buy.
This latest Dongfeng's bid for Fisker shows the Chinese appetite for Western companies, the new energy is still going strong and Acceleration even in 2013 for the reasons which I described above. Such deals are important in some respects, because they will help to consolidate in crowded sectors such as solar panels, are suffering from overcapacity.
But as I said before, I think, that many of these purchases for difficulties and failures to determine the resources and the experience are, because Chinese companies are missing to make the problem, what they are buying. Search from a broader perspective more these purchases in the next two years by bargain hunting Chinese companies, followed by the first signs of trouble for many of those acquisitions off end of this year or even earlier.
View the original article here
What more love Chinese companies generally a bargain, if they global resources shop. Then there is also the factor of technology, how many hope this Chinese buyers of technology get some of their purchases for the operation to bring them home. Finally, there is also the factor of Beijing, because many such purchases make those buyers to its commitment to the development of new energy technologies to show top priority for the Central Government. The only problem with this is of course, that most of these factors have little or no backing in the leadership of an economically viable business model, which means that many of these purchases ultimately for their buyer headaches and wrecking might lead.
But now that I said that, we take a look at the latest headlines that say that the Dongfeng is one of several potential bidders ForFisker automotive, a US manufacturer of high-end hybrid cars. The Dongfeng bid would see approximately 350 million $ to pay to sell their luxury hybrid cars for more than $100,000 for 85 per cent of Fisker. Fisker had stopped production of his karma model car last year after a who said bankruptcy, but recently its key suppliers, it plans to restart production soon.
According to the reports, Fisker will face their own cash crunch around the middle of this year, if it is not found until a new major investor. When Dongfeng manages to buy the stake, it could be some of Fisker's production finally after China-a common strategy by Chinese buyers who often move, that she can fix troubled Western companies think by simply moving their production facilities in China.
This latest deal follows a series of similar Western companies, the new energy in the past year fighting the recent purchase of China. At least these offers China's Wanxiang saw group before recent approval for the appointment of the majority of the assets of the bankrupt high-tech battery maker of A123 systems to win. Which are faced before some uncertainty due to national security concerns, but the U.S. Government ultimately approved the transaction last month.
Last year saw a number of Chinese companies make global acquisitions in the solar panel, which has struggled for the past 2 years due to a massive flood of supply. Chinese companies of reached Hanergy holding group a deal last fall to ailing Silicon Valley companies MiaSole for bargain buy. Hanergy made also an acquisition in Germany, to buy a unit of QCells, for about $500 million. Other deals saw LDK Solar (NYSE: LDK) 33 percent of Sunways AG last year and the TFG radiant Groupbuy Germany a 41 percent in the U.S. company ascent solar technologies in the year 2011 to buy.
This latest Dongfeng's bid for Fisker shows the Chinese appetite for Western companies, the new energy is still going strong and Acceleration even in 2013 for the reasons which I described above. Such deals are important in some respects, because they will help to consolidate in crowded sectors such as solar panels, are suffering from overcapacity.
But as I said before, I think, that many of these purchases for difficulties and failures to determine the resources and the experience are, because Chinese companies are missing to make the problem, what they are buying. Search from a broader perspective more these purchases in the next two years by bargain hunting Chinese companies, followed by the first signs of trouble for many of those acquisitions off end of this year or even earlier.
View the original article here
Ярлыки: China, Energy, global, scavenger 0 коммент.
Thursday, November 08, 2012
Navy China Lake solar system begins operations
Thursday, November 08, 2012
SunPower Corp. on October 19 announced the signing of the United States Navy largest solar plant, a 13.78-megawatt photovoltaic (PV) power solar system at naval air weapons station China Lake, California. The power plant is the first project of the federal employment agency financed by solar power purchase agreement 20 years. The plant developed and operated by SunPower Corp., the equivalent of more than 30% of the annual energy load China Lake's contribution to the reduction of costs by an estimated $13 generate millions in the next 20 years.
The 20 year old makes contract none requires capital or maintenance in advance commitments from the Navy, corresponds to traditional project financing conditions for solar power plants and allows the Navy power up to 30% lower than the rate by shorter available secure 10-year power purchase agreement.
SunPower has installed until today more than 50 megawatts (MW) of solar power stations at State institutions. The systems delivered by the company to the Navy and the air force alone to generate enough electricity makes approximately 9,000 apartments. According to estimates of the US Environmental Protection Agency reduced the Navy and air force systems emits the amount of carbon dioxide in the atmosphere almost 732.000 tons in the next 20 years. See the press release of SunPower.
China Lake has four geothermal power plants, which produce up to 270 MW of electricity or for Approximiately 378,000 households with electricity. The site has been in continuous operation since 1987, and was the marine first website, thermal energy to tap. For the China Lake natural resources Web page.
View the original article here
The 20 year old makes contract none requires capital or maintenance in advance commitments from the Navy, corresponds to traditional project financing conditions for solar power plants and allows the Navy power up to 30% lower than the rate by shorter available secure 10-year power purchase agreement.
SunPower has installed until today more than 50 megawatts (MW) of solar power stations at State institutions. The systems delivered by the company to the Navy and the air force alone to generate enough electricity makes approximately 9,000 apartments. According to estimates of the US Environmental Protection Agency reduced the Navy and air force systems emits the amount of carbon dioxide in the atmosphere almost 732.000 tons in the next 20 years. See the press release of SunPower.
China Lake has four geothermal power plants, which produce up to 270 MW of electricity or for Approximiately 378,000 households with electricity. The site has been in continuous operation since 1987, and was the marine first website, thermal energy to tap. For the China Lake natural resources Web page.
View the original article here
Ярлыки: begins, China, operations, solar, system 0 коммент.
Tuesday, May 22, 2012
JinkoSolar selected, provides the 50MW for GSHHSD solar project in China
Tuesday, May 22, 2012
SHANGHAI, May 21, 2012 / PRNewswire-Asia /-JinkoSolar holding co., Ltd. ("JinkoSolar" or the "company") (JKS), one of the world's leading vertically integrated solar energy manufacturers, announced today it provides modules for a 50 megawatt (MW) solar project renewable energy state development company GSHHSD in northwestern of China. The project marked a major contribution to China's renewable energy online within a year production target of 15 gigawatts (GW) by 2015.
Gansu, is located in the city of Zhangye in the province of the solar project in the region will help Government-backed targets, which, to reduce the demand for fossil fuels aimed by means of renewable energy development by Sun, wind, to increase nuclear energy and hydropower. The GSHHSD project is to connect the State operated network within one year.
"We are impressed by the integrity of JinkoSolar, stable operation and high product quality." We believe that JinkoSolar able, world-class photovoltaic supply us products, which meet our needs. "It is also our hope that widespread applications this partnership even more solar energy, impulse," said GSHHSD Chairman Xingjie Zhu.
"The solar industry in China enjoy robust growth of over the last two years, Mark important diversification for our industry in particular in 2012," JinkoSolar commented Chairman David LI "It's our unwavering pledge to provide our customers with industry-leading products and services." We strive, expand our activities in China at home, remains this strong focus we while further to the needs of our customers worldwide.
Jinko 235 P modules reaches the highest unit return in the PHOTON makes lab January 2012 in the free field tests. IMS Research Institute rank also Jinko solar as one of the top 6 crystalline PV manufacturers worldwide in its latest report.
Solar power as one of the country's five-year China's wider 12. plan for national economic and social development, which began in the year 2011 features seven "strategic emerging industries." Until 2015 are rapid development this industry strongly by the State supported includes also support for domestic production and installation as well as research and development in the area.
About JinkoSolar
JinkoSolar holding co., Ltd. (JKS) is a fast-growing, vertically integrated manufacturer with cost efficient operation-based solar energy in the province of Jiangxi, and Zhejiang Province in China and sales and marketing offices in Shanghai, China, Singapore, Munich, San Francisco, United States, Queensland, Australia, Ontario, Canada, Bologna, Italy, Montpellier, France and train, Switzerland. JinkoSolar is built for silicon ingots, wafers, solar cells and solar modules as the 31 December 2011 product value chain a vertically integrated solar with a built-in capacity of around 1.2GW per. JinkoSolar sells its photovoltaic products to a diversified customer base in the global PV market; including Italy, Germany, Belgium, Spain, the United States, France, Eastern Europe, China and other countries and regions.
Safe Harbor statement
This press release contains may be forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 in the current version, and as in the U.S. private securities litigation to defined reform act of 1995. "" These forward-looking statements can be identified by terminology such as "Will", "assume", "intend"Future"," "Plans," "believe"Estimates"and similar statements". Such statements involve risks and uncertainties, which actual results differ substantially from the in the forward-looking statements. The JinkoSolar learn more about these and other risks is public registration with the Securities and Commission of Exchange, including its annual report on form 20-F for the fiscal year ended on 31 December 2011 on the 18 April 2012 were filed with the Securities and Exchange Commission. All information in this release is as of 21 may 2012. Except as required by law, JinkoSolar assumes no obligation to update or revise forward-looking statements publicly, or otherwise whether because one of new information, future events, to take into account after the date on which the statements are made, or the occurrence of unexpected events.
Gansu, is located in the city of Zhangye in the province of the solar project in the region will help Government-backed targets, which, to reduce the demand for fossil fuels aimed by means of renewable energy development by Sun, wind, to increase nuclear energy and hydropower. The GSHHSD project is to connect the State operated network within one year.
"We are impressed by the integrity of JinkoSolar, stable operation and high product quality." We believe that JinkoSolar able, world-class photovoltaic supply us products, which meet our needs. "It is also our hope that widespread applications this partnership even more solar energy, impulse," said GSHHSD Chairman Xingjie Zhu.
"The solar industry in China enjoy robust growth of over the last two years, Mark important diversification for our industry in particular in 2012," JinkoSolar commented Chairman David LI "It's our unwavering pledge to provide our customers with industry-leading products and services." We strive, expand our activities in China at home, remains this strong focus we while further to the needs of our customers worldwide.
Jinko 235 P modules reaches the highest unit return in the PHOTON makes lab January 2012 in the free field tests. IMS Research Institute rank also Jinko solar as one of the top 6 crystalline PV manufacturers worldwide in its latest report.
Solar power as one of the country's five-year China's wider 12. plan for national economic and social development, which began in the year 2011 features seven "strategic emerging industries." Until 2015 are rapid development this industry strongly by the State supported includes also support for domestic production and installation as well as research and development in the area.
About JinkoSolar
JinkoSolar holding co., Ltd. (JKS) is a fast-growing, vertically integrated manufacturer with cost efficient operation-based solar energy in the province of Jiangxi, and Zhejiang Province in China and sales and marketing offices in Shanghai, China, Singapore, Munich, San Francisco, United States, Queensland, Australia, Ontario, Canada, Bologna, Italy, Montpellier, France and train, Switzerland. JinkoSolar is built for silicon ingots, wafers, solar cells and solar modules as the 31 December 2011 product value chain a vertically integrated solar with a built-in capacity of around 1.2GW per. JinkoSolar sells its photovoltaic products to a diversified customer base in the global PV market; including Italy, Germany, Belgium, Spain, the United States, France, Eastern Europe, China and other countries and regions.
Safe Harbor statement
This press release contains may be forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 in the current version, and as in the U.S. private securities litigation to defined reform act of 1995. "" These forward-looking statements can be identified by terminology such as "Will", "assume", "intend"Future"," "Plans," "believe"Estimates"and similar statements". Such statements involve risks and uncertainties, which actual results differ substantially from the in the forward-looking statements. The JinkoSolar learn more about these and other risks is public registration with the Securities and Commission of Exchange, including its annual report on form 20-F for the fiscal year ended on 31 December 2011 on the 18 April 2012 were filed with the Securities and Exchange Commission. All information in this release is as of 21 may 2012. Except as required by law, JinkoSolar assumes no obligation to update or revise forward-looking statements publicly, or otherwise whether because one of new information, future events, to take into account after the date on which the statements are made, or the occurrence of unexpected events.
Ярлыки: China, GSHHS, JinkoSolar 0 коммент.
Wednesday, March 28, 2012
Will show Cyber supported the future of energy efficiency?
Wednesday, March 28, 2012
The US economy is three times larger than China's, but when it comes to developing a clean energy industry, he keeps US China. Ranking moved the United States renewable energy much observed in the second – again – China in this quarter in Ernst & young published February 28.
But it's a clean energy segment in the United States leads: demand response.
Request-response comes into play, if there is high demand for electricity burdening the power grid, typically hot summer days. Utilities or carriers give factories and other enterprises a payment in return for them to peak hours to reduce their energy consumption. As a result, request-response not only unsightly power failures, but also us saves money, because it much cheaper is to save energy when the network is curious, as it is to generate more energy.
An industry, American grown, request-reply WINS now international attention. The concept abroad according to Gregg Dixon, senior Vice President for marketing and sales is increasingly described each, a Boston company, the demand response services. The company supplies now about 12,000 companies, universities, hospitals and other large energy consumers, not only in the United States, but also in the UK, Australia, Canada and New Zealand.
Other demand response companies, Johnson controls, Comverge and Silver Spring networks, Wipro and Honeywell, reports international expansion, the $1.3 billion global market for demand response to see, a compound annual growth rate of 37% by 2016 expected Pike research.
So demand response clearly a success story, at least when it comes to reducing the use of energy by companies and large institutions. The next challenge for request-response is the owner of the House. And unfortunately, that would be a more difficult market to crack. The average person displays little interest, take the time to reduce energy consumption at peak times.
"The concept of an economist point of view makes sense." But, if it is managed for us in a very simple way, only I see it use. And I'm a zealot on this stuff, "said Dixon."
A recent report by the American Council for an energy-efficient economy underlines the problem. It turns out House and apartment owners are not much energy save, even if devices give new energy them real-time feedback about the costs.
This home gadgets that contain screens, smart meters and Web interfaces, are to encourage people at peak times, cut, when energy prices are high. ACEEE home owners found but only a 3.8% achieved overall savings in nine pilot programs tested. Peak period, four of the pilots showed savings of up to 11.3%. The programmes were carried out in the United States, UK and Ireland.
However, there is an interesting exception, a group that responds. ACEEE not quite sure who they are, but she calls Cyber supported. Do you not fit in each of a demographic box; You're not at a certain age or income. But they make a swathe of the population, the energy savings of up to 25% by certain devices reached, providing you real time feedback on their energy consumption.
Some in the energy sector believe demand household response never over the Cyber supported to accept. Others see this group as a starting point for further studies, which can show us what energy conservation, promotion, whether it says cost, comfort, green altruism or even an emotional or intuitive reaction to technology, ACEEE.
It is to difficult, not to draw a parallel between this energy information gadget and the early days of the personal computer. First, the computer was regarded as a device that would be used extensively in business as demand response is today. Then Steve Jobs came, and we all know the rest of the story. If demand the attention of households collect response companies can, as they must be companies, might find the United States which has its new Apple.
But it's a clean energy segment in the United States leads: demand response.
Request-response comes into play, if there is high demand for electricity burdening the power grid, typically hot summer days. Utilities or carriers give factories and other enterprises a payment in return for them to peak hours to reduce their energy consumption. As a result, request-response not only unsightly power failures, but also us saves money, because it much cheaper is to save energy when the network is curious, as it is to generate more energy.
An industry, American grown, request-reply WINS now international attention. The concept abroad according to Gregg Dixon, senior Vice President for marketing and sales is increasingly described each, a Boston company, the demand response services. The company supplies now about 12,000 companies, universities, hospitals and other large energy consumers, not only in the United States, but also in the UK, Australia, Canada and New Zealand.
Other demand response companies, Johnson controls, Comverge and Silver Spring networks, Wipro and Honeywell, reports international expansion, the $1.3 billion global market for demand response to see, a compound annual growth rate of 37% by 2016 expected Pike research.
So demand response clearly a success story, at least when it comes to reducing the use of energy by companies and large institutions. The next challenge for request-response is the owner of the House. And unfortunately, that would be a more difficult market to crack. The average person displays little interest, take the time to reduce energy consumption at peak times.
"The concept of an economist point of view makes sense." But, if it is managed for us in a very simple way, only I see it use. And I'm a zealot on this stuff, "said Dixon."
A recent report by the American Council for an energy-efficient economy underlines the problem. It turns out House and apartment owners are not much energy save, even if devices give new energy them real-time feedback about the costs.
This home gadgets that contain screens, smart meters and Web interfaces, are to encourage people at peak times, cut, when energy prices are high. ACEEE home owners found but only a 3.8% achieved overall savings in nine pilot programs tested. Peak period, four of the pilots showed savings of up to 11.3%. The programmes were carried out in the United States, UK and Ireland.
However, there is an interesting exception, a group that responds. ACEEE not quite sure who they are, but she calls Cyber supported. Do you not fit in each of a demographic box; You're not at a certain age or income. But they make a swathe of the population, the energy savings of up to 25% by certain devices reached, providing you real time feedback on their energy consumption.
Some in the energy sector believe demand household response never over the Cyber supported to accept. Others see this group as a starting point for further studies, which can show us what energy conservation, promotion, whether it says cost, comfort, green altruism or even an emotional or intuitive reaction to technology, ACEEE.
It is to difficult, not to draw a parallel between this energy information gadget and the early days of the personal computer. First, the computer was regarded as a device that would be used extensively in business as demand response is today. Then Steve Jobs came, and we all know the rest of the story. If demand the attention of households collect response companies can, as they must be companies, might find the United States which has its new Apple.
Ярлыки: ACEEE, China, economy, energy efficiency, US 0 коммент.
Wednesday, September 21, 2011
China, Sue ConocoPhillips over oil spills
Wednesday, September 21, 2011The report, which was published on Wednesday, said that the State, Oceanic Administration with the aim of a team of lawyers to end was, set up of the month to sue for damages. He cited an agency spokesman said that 49 Chinese firms had applied, to the legal assistance grant.
The two liquids, with 3,200 barrels of oil and drilling fluids, entered the country of the biggest offshore oil field, known as Penglai chapter, and continued through at least 324 square miles in the Bohai Bay. Field Penglai was commonly known as Cnooc by China National offshore oil Corporation, developed and ConocoPhillips China operates.
As with a huge spill last year of a port facility of PetroChina in the city of Dalian, located on the edge of the Bohai Sea, environmentalists and residents of the affected areas have expressed anger with the Government of delay messages or detailed reports of releases. But this time even more anger is aimed at ConocoPhillips. It complicates the answer of the Chinese Government, because it is in the process which attract American companies to China for oil and gas in shale fields to drill.
The Xinhua report said the oil slick had spread to the beaches in the provinces of Hebei and Liaoning and were of a slowdown in tourism and is held responsible for the economic damage to aquatic farming industry. Also, the report says that "nine new oil spill sources" had been found in the Bay as Aug. 20. John Roper, a spokesman for ConocoPhillips, headquartered in Houston, said Thursday in an E-mail message, that the company had received no prior notice to litigation.
"As far as compensation goes, we listen to all follow requests and Chinese law, but we have received no message claims,", he said. "Cleanup are very good effort." "We are more than 95 percent finished cleaning up petroleum-based drilling mud, and expect, our goal of 100 percent is up to the end of August to achieve."
Mr Roper said the nine seeps, the Xinhua were cited not by new leaks but were residual oil and drilling spill spill mud from a June, now migrated to the surface. He said "Divers only were able to see from the seabed drilling mud it was cleared up in the,". The oil seeps are small, grouped together and are a total volume of liquids, from one to two releasing litres a day "i.e. immediately contain and cleaned up."
Mr Roper added, that it no more oil sheen on the surface of the water.
In Hong Kong, the Chairman of Cnooc has Wang Yilin, the compensation issue on Wednesday.
"If Cnooc is governed, to pay compensation, we surely meet our commitment and do the right thing," News said a profit, according to Bloomberg Mr. Wang at a press conference to reporters after the company the first half of. "Cnooc is a responsible company and we honor our long-term commitment to the country, the people and the environment."
Georg Storaker, President of ConocoPhillips China, Wednesday at a press conference in Beijing, said that the spill in Bohai Bay not in comparison to the catastrophic BP spill in 2010 in the Gulf of Mexico. On Thursday, Mr.. Storaker derision by some Chinese news organizations and commentators has comments. The English-language edition of global times, a populist newspaper published an unsigned editorial of lambasting ConocoPhillips.
"ConocoPhillips like certain Westerners in China life", the editorial said. "they can entirely law-abiding back to home, but against the law are violated in China." Some companies can also their Chinese colleagues in under-the-table deals, the bribery of officials and cut employee benefits outsmart. "ConocoPhillips is not only a hole in the Bohai Bay, but also a hole in the Chinese legal system ditch."
United States energy analysts say that China is a tricky political strategy after internal debate among the Chinese authorities to punish such as the American oil company. Press the Chinese to want, protection of the environment, to show that analysts say, but they seem not hard enough to foreign investment in energy to scare away or Cnooc embarrass.
"China all the help that they can get energy efficiency, to reach, so that they can afford Hardball, needs play," said Fadel Gheit, a senior oil analyst at Oppenheimer & company. "China will press, but not to the breaking point and how Hugo Chavez." "You need the capital, the technology and market know-how."
Michal Meidan, analyst for Asia at Eurasia Group, a guidance note in fact, that it took a long time for the Chinese authorities on a legal strategy decide, but, that it to the public, to respond in particular blogger, the indignation expressed, that ConocoPhillips not publicly immediately the leak reveal. "There is a need for the Chinese signal caution and concern for the protection of the environment, but this is very much for a domestic audience,", she said.
She noticed that Cnooc, which is a 51-percent stake to the operation of the operator has, although the American company may also require sentenced to a fine. "they have only a symbolic fine or a slap on the wrist officially, but internally it is a pretty big deal."
Edward WONG reported from Beijing and Clifford Krauss from Houston.
Ярлыки: China, ConocoPhillips, spills 0 коммент.
Thursday, September 15, 2011
China solar energy generation boost
Thursday, September 15, 2011HONG KONG, Aug 26 Bernama)-China has a target 1 million kilowatts create concentrated solar power (CSP) by 2015, a plan which showed Government Friday as part of efforts to extend the use of alternative energy sources set.
Powered by commodity prices and concerns over air pollution, China has aggressively in the field of renewable energy invested, South of Korea's Yonhap News Agency reported.
According to the Chinese Government the development blueprint for the period 2011-2015 is the land of CSP plants in four Bezirken--autonomous region set up internal Mongolia, Gansu and Shinjang Uyghur of autonomous region of Tibet.
CSP plants produce electricity by converting the energy of the Sun in high-temperature heat with different mirror configurations. The heat is then channeled through a conventional generator.
The Chinese Government is planning to expand its CSP capacity to 3 million kilowatts by 2020.
Recently, China has developed world's dominant player of solar energy. Solar one, based many of the largest solar panel manufacturers in the world, like Suntech, Trina solar and Hanwha in China.
The world market led the low cost of Chinese solar panels it by almost 40 percent 2010 from almost zero in 2005.
The growth in the Chinese solar industry is to support the policy of the Government, due to low labour and cost of capital and aggressive competition.
Ярлыки: boost, China, Energy, generation, solar 0 коммент.
Thursday, August 11, 2011
Consider use of Exchange System for oil China and Iran
Thursday, August 11, 2011
Browse related articles written by staff reporterin connectionMonday, July 25-2011 local 09: 13 UAE time (GMT + 4)
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Ярлыки: China, consider, Exchange, system 0 коммент.
Monday, April 11, 2011
China bans some food from Japan
Monday, April 11, 2011The measures were announced on the same day Chinese officials said that she had detected radioactivity increases on a Japanese merchant ship that was docked in the South-Eastern China. Further along the coast, two Japanese tourists who came early in the week are "abnormal" have high radiation output.
Officials not specified, the extent of the pollution and it said no threat to the public, but China's anxiety about the possible effects of the nuclear crisis of Japan highlighted the episodes. Last week, fears about the spread toxicity prompted one salt buying panic among Chinese in the mistaken belief that it could protect them from radiation sickness.
The concerns are not only China. In the two weeks since countries including the United States, have an earthquake and devastating tsunami which hit Fukushima plant, Russia, Australia, Singapore and South Korea specific banned Japanese products or announced increased surveillance of imports, which have been contaminated by radioactive emissions from the installation concerned could. Taiwan has limited also imports.
Although it blocked some reported instances of contamination outside of Japan, on Thursday Hong Kong shipments of radishes and spinach from the five prefectures closest to the plant, after detecting the levels of emissions in some batches as much as 10 times higher than allowed.
Posted a statement on its Web site China's General Administration for quality supervision said, to step up inspection and quarantine that it temporarily, would restrict dairy products, vegetables and fish from the five prefectures during the checks on foods from all over Japan.
The case of Japanese airline passengers questions were more than answered. According to health officials the passengers landed in the eastern city of Wuxi on Wednesday have been found and has the levels of emissions, which "seriously exceeded standards." But they said that the contamination was not a threat to the tourists for the public and the two given iodine tablets and been released after their luggage was and clothing had been "decontaminated," the Agency said.
As for the Japanese ship city of Xiamen in the province of Fujian said Friday officials in the port, that she "abnormally" readings on board a ship had found radiation, Xinhua, the State news agency said.
Ярлыки: China, Japan 0 коммент.
Wednesday, March 02, 2011
Hacker in China Western targeted oil companies
Wednesday, March 02, 2011
BEIJING - China hacker stole sensitive information of Western oil companies, reported add a U.S. Security firm Thursday, to complaints about pervasive Internet crime to land tracked.McAfee's report were not identified, but the company said "coordinated, covert and targeted" attacks started in November 2009 and targeted computers of oil and gas companies in the United States, Taiwan, Greece and Kazakhstan. He said the attacker stole bid oilfield about tasks, and the report provide Finanzierung.Doch evidence that the attacks anything other than taste of industrial espionage, companies around the world, teases the standard were, the United States and both accused have China each other deeply involved.The fact that the oil companies were talking more worth can damage your internal information as any attempt to pipelines. McAfee called the attacks "unsophisticated."
Ярлыки: China, companies, Hacker, targeted, Western 0 коммент.
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