August 10, 2009
New Deals, Growth in China Clean Tech
The National Energy Administration in Beijing plans massive wind power installations by 2020. The first such wind farm of 10 Gigawatt capacity in Jiuquan, Gansu Province, near China's first (founded 1958) and most famous space center, is underway with Huaneng Power and several other companies - including foreign businesses - involved.
Meanwhile, Huaneng Power (NYSE: HNP) and Duke Energy signed a non-binding memorandum of understanding in Beijing for collaboration in clean coal, carbon capture, energy savings, and renewables. The venture opens the door for Huaneng investments in the USA.
In related news, GE will sell 9 gas turbines to a Fujian power company for over $100 million (US dollars). GE manufactures the gas turbines at plants in South Carolina and France....
Labels: alternative energy, foreign investment, General Electic
# posted by Sinomania! : 8/10/2009 11:13:00 AM
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HNP dropped 7 days in a row since your analysis. Today 18AUG it is up 2.8%
# posted by 
: Tue Aug 18, 10:27:00 AM PDT
: Tue Aug 18, 10:27:00 AM PDT
Capital & machinery cost money so expect investors to pay.
# posted by : Tue Aug 18, 10:29:00 AM PDT
: Tue Aug 18, 10:29:00 AM PDT
GE also dropped and rose during same period as HNP. Magic of Communist party reigns supreme.
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# posted by : Tue Aug 18, 10:31:00 AM PDT
: Tue Aug 18, 10:31:00 AM PDTSubscribe to Post Comments [Atom]
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