Category: Wind Power

China to launch green certificates for renewable power in July

China will launch the trading of green certificates for solar and wind power on July 1 in a bid to help reduce government subsidies to the renewables sector, the National Development and Reform Commission said on Friday. In a pilot program, the NDRC said solar and wind producers would be issued tradeable certificates, proving that electricity has been generated through renewable energy sources.

Deals of the day-Mergers and acquisitions

** Britain’s Centrica has completed its withdrawal from wind power generation with the sale of a 50 percent stake in the Lincs offshore wind farm to the Green Investment Bank and its offshore wind fund, the companies said. ** Private equity firms Advent and Bain Capital agreed to buy German payment group Concardis from a group of private, savings and cooperative banks, the parties said in a joint statement, not disclosing a purchase price.

Chinese renewable power giant builds global empire

In this Nov. 7, 2008 photo, people stand near electric pylons watching flow of water is discharged through the Three Gorges Dam in Yichang in central China’s Hubei province. Three Gorges Group is spending heavily to buy or build hydro, wind and solar projects at a time when Western utility investors are pulling back and U.S. President-elect Donald Trump’s pledge to revive coal use has raised doubt about U.S. support for renewables.