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News

Market Updates

March 31, 2014

China, Germany collaborate on energy efficiency

China and Germany have decided to implement a joint working programme to promote energy efficiency in buildings and cities in 2014. The programme involves the construction of efficient houses, the organisation of information events, and the selection of pilot cities for a sustainable urban development project. The Deutsche Energie-Agentur (dena), the German Energy Agency, announced the joint programme on the occasion of the most prominent green building conference in China. (PCB Design/PR Newswire)

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March 31, 2014

Hong Kong property tycoon making $533 million solar bet

A Hong Kong real-estate tycoon has spent the past year accumulating stakes in failing solar companies, piecing together what may become the biggest collection of photovoltaic factories in the world. Zheng Jianming is pledging about $533 million to buy assets, deals would help China consolidate factories responsible for more than half the world’s panels. (Business Week)

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March 29, 2014

Volkswagen partners with SAIC, FAW to develop, produce new-energy vehicles

Volkswagen will partner SAIC Motor Corp and First Automotive Works (FAW) Group to develop and begin production of new-energy vehicles in its largest market from 2016. The projects are part of 18.2 billion euros ($25.1 billion) in investment for new plants and products that Volkswagen and its partners are making between 2014 and 2018. It will be the largest-ever investment in China's automotive industry. (China Daily)

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March 28, 2014

Total plans to drill for shale gas with Sinopec in Anhui province

Total and Sinopec will search for gas in the 4,000 square-kilometer Xuancheng permit near Nanjing after carrying out two-dimensional seismic surveys in the five months through February. “If the results of this campaign are favorable, an agreement relating to the long-term development of these resources might subsequently be negotiated with Sinopec,” Total said in a report. (Bloomberg)

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March 26, 2014

China’s big plans for biomass

China, the world's top emitter, is only using about five per cent of its total biomass potential. According to Simon Parker, CEO of DP CleanTech, a worldwide biomass solutions pioneer, “biomass will be a big part of the renewable agenda in China in not only providing base load power, but in creating employment in local communities, providing opportunities for wealth creation and reducing the environmental impact of agricultural burning.” (Eco Business)

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March 26, 2014

SunPower sells concentrator cell assemblies for solar projects in China

SunPower's C7 low-concentration PV tracker is now a multi-megawatt-scale business and has given SunPower a small but promising foothold in China. The vertically integrated solar manufacturer and developer just announced that it is selling more than 70 megawatts of its "cell package" to the Huaxia Concentrated Photovoltaic Power Joint Venture in high-DNI Inner Mongolia. (Greentech Media)

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March 25, 2014

World Bank: China needs new market-based approach to urbanisation

A report released by The World Bank and China's Development Research Center recommends that China tackle environmental degradation and other strains of rapid urbanization by systematically changing how it allocates land, people and capital across the nation. Building denser, rather than larger, cities, will help China cut down on congestion, pollution and $1.4 trillion in infrastructure spending - or 15 percent of last year's GDP. (World Bank)

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March 25, 2014

Asia Pacific plays critical role in energy-water cooperation: UN

The interdependence between energy and water has never been more pronounced than it is now in the Asia Pacific, where sourcing its energy supply, primarly coal, has severely contributed to the scarcity of water in the region, said the United Nations in a report released on Friday. The United Nations recognised water recycling as key to future water and energy needs. (Eco-Business)

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March 25, 2014

Huaneng and Shenhua leading Carbon Capture and Storage development in China

Wired journalist Charles C. Mann recently published an extensive piece on how CCS technology is working in China, visiting the GreenGen project by China Huaneng Group at the industrial city of Tianjin in north-east China and other CCS projects at the Shenhua Group’s Wulanmulun facility in Inner Mongolia. (Wired)

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March 25, 2014

China's Hangzhou latest city to restrict car sales

China's eastern city of Hangzhou has proposed limiting car sales to 80,000 units every 12 months, joining major cities, including Shanghai and Beijing, in the fight against snarling traffic and heavy smog. A final decision on details of the curbs will be released at the end of April, the government added. (Reuters)

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