China's efforts are ineffective in industrial energy efficiency prove.

Beijing-the Chinese Government has installed efficient industrial development emphasis on energy in recent years by high costs and a series of policies and measures. However, the problems are lagging still developing its energy industry, including the generally small size of firms in China and difficulties in paying for the implementation of a policy under the current financing system.

Several projects, the addressing of the energy-consumption control were discussed and provided by the Council of State meeting, which took place at the beginning of this year. The 2013 Government work reports by the national people's Congress and the Chinese people's political Consultative Conference declared unequivocally that save energy and cyclic utilization aggressively focusing must be applied on energy saving in the manufacturing and transport sectors and public and private buildings. Focus energy consumption control, extended reduction in material consumption and reduce carbon dioxide emissions. Is to shift the main areas that new specifically stated for the improvement of the previously mentioned 'disposal of the obsolete methods of production"in 2012 on a" device updates from leading companies "in 2013.

Statistics show that in the five years from 2007-2012 total energy consumption of China's reliable every year to more than last year, 3.62 billion tons of standard coal equivalent in the year 2012 a average 4.08 percent annual ranking of the country as the world's second largest consumer of energy retained, after the US-Chinese industrial energy consumption 71.5 percent of total energy consumption in the country in 2005 and had a share of 73% in the year 2012 accounted for to achieve.

According to 2012 China energy unit GDP energy consumption had decreased 56 percent saving service report, from 1990 until 2011, and were unit GDP carbon dioxide emissions declined 58 percent. But in the same 21 years in total energy consumption by a factor of 3.5 during the total carbon dioxide emissions rose by a factor of 3.4 increases.

During 2012, the pressure was reduced, since energy saving the growth of industries that consume vast amounts of electricity an acceptance as part of the general economic downturn. However, China's industrialization is not yet completed and its electricity demand remains high with total energy consumption continues to increase is expected in the next ten years.

Experts expect that until China reduced emissions and further complements the systems and mechanisms needed to ensure energy saving, the rate of increase of the country's unit GDP energy consumption remains high and is to reach 3.7 percent in 2013. China has already announced that it aims to reduce energy consumption per unit of GDP 16 per cent by the year 2015.

View the original article here

China's New EV Incentives Expected by End of June

New policies subsidizing purchases of electric vehicles in China are expected to come out in the first half of this year, encouraging many automakers to boost research and development.

Since previous policies expired at the end of last year, China’s ministries of Finance, Science and Technology, and Industry and Information Technology, as well as the National Development and Reform Commission, have reached an agreement to extend subsidies for electric vehicle purchases for another three years and revamping the subsidies.

According to the draft document, the new subsidies will go into effect retroactively from January 1 of this year until at least the end of 2015. However, the exact roll out date has not yet been fixed, and the policies are still subject to final authorization by the State Council or China's cabinet.

"The new subsidies will be divided into 16 levels according to the amount of energy the vehicles can save," Miao Wei, minister of Industry and Information Technology said recently. Previously, subsidies for new-energy vehicles were based on the type of technology they used. Plug-in hybrid vehicles could receive subsidies as high as 50,000 yuan (approx. US$8,000), while subsidies for pure electrics could reach 60,000 yuan (approx. US$9,800).

As China has shown a tendency to support hybrid vehicles with lower energy consumption, automakers have enhanced research, development and popularization of such vehicles, especially full hybrid and strong hybrid products. Detailed provisions regarding subsidies for electric cars will likely be implemented before the end of June 2013, but provisions for hybrid vehicles may come out later as standards for the evaluation of hybrid vehicle energy consumption have yet to be created. This has postponed the conversion of the subsidies for such vehicles to a standard based on fuel savings, according to industry analysts.

In addition, the highly-anticipated technological innovation projects for the EV industry are underway at 25 companies. These carmakers are expected to be the pioneers during the development process of China’s EV sector.

Ling Tianjun, chief engineer of green vehicles at the Shanghai Automotive Industry Corporation (SAIC), one of China's four largest auto groups, said SAIC has started selling hybrid cars at lower prices with the help of subsidies totaling over 100,000 yuan (approx. US$16,000). The company’s plug-in hybrid Roewe 550 PHEV is also expected to hit the market within this year.

BYD, one of the better known Chinese brands thanks to a stake held by billionaire U.S. investor Warren Buffett, has launched the BYD Qin hybrid vehicle and its “Green Hybrid” technology. The company plans to apply the Green Hybrid technology to its gasoline-powered automobiles as soon as possible

Chery, one of China's largest private automakers, has decided to spend more on electric vehicle research. But Duan Zhihui, Chery's chief hybrid vehicle engineer, said the three-year time limit for the new subsidies may cause auto companies to rush their research and development in order to avoid missing the opportunity to receive the subsidies.

View the original article here

A123 deal with China's Wanxiang would value the stock of $0.55 per share.

A123?s rallied Commons first about the deal, but since then again dropped. As I write this, the stock has fallen again to $0.48, to only a cent from yesterday's close. The lack of profit confused me, especially since A123?s liquidity problems are the main reason the he has acted on its current depressed to 37% of book value ($1.27 per share).
While regulatory and shareholder approvals have met must be, and some existing convertible bonds repurchased and retired, it seems likely to me that this deal go through. The Government has a track record of paranoia, if it is about the Chinese, regulators have to know that A123 is probably go without a major injection of liquidity is bankrupt and American investors not just on A123?s have been beating doors.

If the business is not blocked, I expect that Wanxiang make the entire investment. Finally, this investment for Wanxiang is almost certainly on the acquisition of A123?s technology and business contacts at a discount, not short-term cash flow. Weiding Lu, CEO which Wanxiang group, said:
A123 provides industry-leading technology for vehicle electrification and grid scale energy storage, as well as strong manufacturing and systems engineering capabilities in Michigan and Massachusetts. We think, that this important synergies with creates Wanxiang, which is involved in this area for 12 years and has strong R & D and this agreement is the first step towards a long-term agreement by which we plan to build on the foundation of manufacturing capacity in China, especially as we continue to expand our strategy of investing in the automotive and Cleantech in the United States, the A123 in the United States has established and help to extend capabilities of the company, both in the domestic and internationally that would create our believe that long-term value for customers, investors and other stakeholders of both companies.

Because I think Wanxiang making full investment, think I the price they are likely to numbers was a good short-term target for AONE. As long as the share price lower than Wanxiang, have an incentive to buy the shares on the open market rather than exercise their conversion option or warrants that should provide price support.
Read the details of the release, is $75 million of investment to a short-term bridging loan, which is not the acquisition of A123 stock resulted. The rest is $200 million in convertible bonds exist (the bearings can be) and $175 million, which can be invested with the exercise of warrants. An exercise of all control of 80% of the company would lead the warrants and the full conversion of the convertible bond of Wanxaing, or about 680 million shares, based had 170 million shares of A123 outstanding July of end of. To do the math and assuming that the initial $75 million bridge loan not used, to share, to acquire the 55 cents per share.

The current price of $0.48 makes a certain sense, but, if the deal is blocked, a stock that should make a beautiful floor under the share price, together with much potential upside signalled his interest in purchasing from A123 at $0.55 Wanxaing, are like the deal A123 new financial stability lead to existing opportunities and new possibilities in China to combat.
It may also be that the conversion price of the notes not the same as the exercise price of the warrants. If this is the case, then some of the expected note conversion or guarantee that exercise would have above happen $0.55 a share, and this in turn would increase the Wanxiang incentive to the share on the open market to buy.

Since I bought all those a little A123, I expect that gather as overcome the various obstacles for this business are. It is still a small investment, because there is still no guarantee that go through the business, and if for some reason, the business is not got, AONE almost certainly his film will continue.
UPDATE: after reading this article, I decided that Petersen is right, and every investment in A123 carefully watching bears. Since I was on vacation, I sold my shares at a small profit.

Disclosure: No.
Disclaimer: Past performance is not a guarantee or a reliable indicator of future results. This article contains the current opinions of the author and such opinions are non-binding. This article has been distributed for informational purposes only. Forecasts, estimates and certain information contained should not security, strategy or investment as investment advice or a recommendation for a particular product takes into account. Information contained herein is from sources reliable, but not guaranteed won were.

This article first appeared on Forbes.com blog green stocks and AltEnergy of the author, and was republished with permission.
View the original article here

China's Guangdong Province is driving the development of EV

According to the plan, province is Guangdong all registers of their electric vehicle drag industry and boost annual production capacity to develop more than 200,000 units by 2015. The focus is on the development of plug-in electric hybrid, pure and hybrid buses and vans, while the development of special purpose electrical, next will be promoted also generation purely electric light and LNG vehicles. In addition the province will support new energy vehicle manufacturers and related projects for obtaining the national approvals and meet standards for inclusion in relevant sectors.

In addition Guangdong will accelerate while exploring new business models such as e.g. leasing construction and maintenance of the infrastructure. The province works also on the establishment of local energy efficiency and emission standards.

To support the development of the electric vehicle industry, is the province of RMB15. 3 billion invest (approx. US$ 2.4 billion) 12 specific initiatives, carried out especially in the Pearl River Delta region. The biggest investment is in Zhuhai from energy project billion of high performance lithium iron-phosphate and lithium-titanate batteries, 10,000 new energy buses (e.g. pure electric and hybrid and LNG) and produce 100,000 drives per year by 2015.

Guangdong production of electric vehicle batteries currently represent 40 percent of China's. Some hybrid, purely electrically and LNG buses already in mass production in the province.

The map clearly shows that the province will encourage industrial cluster development. The city of Shenzhen is planning base to create an electric vehicle R & D and industrialization; Guangzhou will create a national energy new vehicle base; and Zhuhai, Foshan, Zhongshan and Meizhou of provincial new energy set up vehicle bases.

In the year 2012, Shenzhen, 2,000 electric vehicles, plans to add 1,000 electric buses, 500 purely electric taxis, and 500 electric service vehicles including. The city has registered first in China with more than 3,000 electric vehicles on the roads. By 2015, the city will replace more than half of its gas-powered buses with electric vehicles. Leading manufacturer of electric vehicle in the city, including BYD and Shenzhen Wuzhoulong engines, continue to focus on the development of electric vehicles this year. In addition, Shenzhen will expand the supporting infrastructure for electric vehicles by adding more than 40 charging points, the existing 57 this year. The city is investigating the two or three charging stations for electric-powered taxis.

China's Solar Markets Also Catch Chill

Indeed, it is clear that no-one in the solar sector has escaped unscathed. For while there are those who would like to lay the blame for the current squeeze on China's doorstep, even some Chinese majors have suffered a noticeable dip.

Take Trina Solar, which announced its Q3 figures late last year. It reported that solar module shipments were approximately 370 MW for the third quarter of 2011, representing a decrease of 6.6 percent sequentially with 396.4 MW in the second quarter of 2011, though an increase of 27.4 percent year-on-year compared with 2010 Q3 of 290.5 MW. The decrease was primarily due to a reduction in available financing for some European projects and an increased customer credit risk management strategy, says Trina.

More significantly, net revenues were US$481.9 million, a decrease of 16.8 percent sequentially and 5.2 percent below the equivalent quarter of 2010, despite the significant increase in shipments. Losses from operations were $23.5 million, compared to a positive income of $32.8 million in the second quarter of 2011 and $113.0 million in the third quarter of 2010.

During the third quarter of 2011, the company announced supply agreements with Huanghe Hydropower Development Co., Ltd, a subsidiary of China Power Investment Corporation, for two ground-mounted solar projects in Qinghai, China for a total of 30 MW. It also signed a strategic partnership agreement with Origin Energy Australia to supply approximately 22 MW of PV modules.

Commenting on the figures, Jifan Gao, Trina’s chairman and CEO, said: "To best position Trina Solar going forward, we are refining our marketing and product strategies to address larger and more diversified distribution channels, in both established and emerging solar markets. These include growing the US residential leasing channel, where we recently signed a 60 MW supply agreement in the fourth quarter."

Looking forward, for the fourth quarter of 2011, Trina says it expects to ship between 320 MW-350 MW of modules. Based on this assessment it has revised its outlook for the full year 2011 PV module shipment down to approximately 1.4 GW, compared with previous guidance of 1.75 GW-1.8 GW.

Similarly, in its latest figures Suntech Power Holdings Co., Ltd, the world’s largest producer of solar panels, showed total net revenues of $809.8 million in the third quarter of 2011, compared with $830.7 million – a decrease of 2.5 percent on the previous quarter, and an increase of 8.9 percent year-on-year with $743.7 million in the third quarter of 2010. Suntech’s total PV shipments also increased, in this case approximately 16 percent sequentially, and 36 percent year-on-year with 1.6 GW of silicon ingot and wafer capacity and 2.4 GW of cell and module capacity as of the end of Q3 2011.

The sequential decrease in revenues was primarily due to a decline in the average selling price of PV products, partially offset by an increase of shipments, Suntech says.

Loss from operations in the third quarter of 2011 was $16.0 million and operating margin was -2 percent, compared to losses from operations of $170.3 million and operating margin of -20.5 percent in the second quarter of 2011. These figures compare with an income of $62.6 million and an operating margin of 8.4 percent in Q3 2010.

Dr Zhengrong Shi, Suntech’s chairman and CEO, said: "Looking forward, we expect excess capacity to fuel strong competition and consolidation in the next two to three quarters. This will be challenging for all solar companies." The company plans to meet these challenges by reducing operating expenses by 20 percent in 2012 and holding off on planned capacity expansion this year.

Yingli Green Energy Holding Company Ltd also announced its Q3 results, saying that PV module shipments in fact increased by 21.9 percent from the second quarter of 2011, reaching a new high. But although total net revenues were RMB4258.6 million ($667.7 million) and gross profit was RMB458.5 million ($71.9 million), operating loss was RMB 5.5 million ($0.9 million), an operating margin of -0.1 percent. Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the company has revised its PV module shipment target downwards to an estimated range of 1580 MW-1630 MW from the previous range of 1700 MW-1750 MW for fiscal year 2011.

Putting this into a European context, we see Q-Cells’ Q3 figures showing revenues of €228.8 million, compared with €316 million in Q2, and a revenue target of €1 billion confirmed for FY2011. Q-Cells says it expects that the implementation of several major utility projects in the fourth quarter will produce revenues of a level similar to Q2. In the third quarter, the operating result was again negative, standing at -€47.3 million.

Like Yingli, Schott Solar AG, the parent company of Schott Solar PV, Inc, also reported an increase in module sales. For its fiscal year, ending September 30, 2011, that percentage of growth was in the double digits, despite a rather difficult market environment, the company says.

Schott said it will be discontinuing its wafer manufacturing activities at its site in Jena, also in Germany, with 290 employees affected. Overcapacities and severe declines in prices, particularly with wafers and cells, have been the dominating factors. They lowered their prices for modules once again by more than 40 percent just like they did in 2009, a statement from the company says.

With 26,000 subscribers and a global readership in over 170 countries around the world, Renewable Energy World Magazine is targeted at those who make growth happen in renewable industries. Covering policy, technology, finance, markets and more, Renewable Energy World magazine covers all technologies and all markets. Published six times per year, a special Directory of Suppliers Issue is published in July/August which is distributed year round at key renewable energy events worldwide.

View the original article here

Road China's Silk city develop new energy to protect environment

A town on the old Silk Road, strive to develop solar and wind energy, drive the local economy and to protect of the endangered environment characterized by its desert OASIS threatened.

Earlier this month, the national energy expressed his support for Dunhuang in the northwestern province of Gansu Administration (NEA) even in the city in the country to create first nation-level pilot of the new energy development.

Dunhuang, the Mogao Caves and beautiful scenes of the oases, received the renowned world heritage site in more than 1.5 million tourists from the and abroad last year.

According to the city development plan the electric power generated by solar and wind power in Dunhuang, it is expected that by 2015 of 2.2 million tonnes of coal produced be the same. The amount of power will be almost three times as much as the city power until then.

The local Government hopes that the new energy economy drive the local economy that currently consume of water depends on the agricultural sector.

Dunhuang, is five times as large as Shanghai with an area of more than 30,000 square kilometres. But it is surrounded by desert and wasteland, such as the oases only 4.5 percent of the region, covered according to Sun Yulong Party Chief of the city.

The population growth and massive land reclamation over the past decades have the ecology of Dunhuang which damaged oasis with natural wetlands and forests shrink rapidly, Sun said.

View the original article here