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22 March 2013

Fundamental energy demand makes emerging markets ‘stable’ green investmentp

global_growth70Population growth and thriving industrial sectors are underscoring energy demand in many emerging markets and making green investments a safer bet than many assume, industry experts claim.

21 March 2013

ReneSola gets $50.9m loan from China Development Bank

ReneSola, the China-based solar development company, has received a $50.9m loan from the China Development Bank, in the latest instance of the country’s support for heavily indebted solar companies.

21 March 2013

EDC to tap $80m loan for Phillipines wind farm project

Energy Development Corporation, the largest geothermal energy producer in the Phillipines, has agreed an $80m loan from a group of banks.

21 March 2013

UK green businesses told to make most of Chinese opportunitiesp

UK clean energy businesses have been told to make the most of trade opportunities with China as the country invests £450bn into its new energy plan to stimulate its low carbon economy.

21 March 2013

Yingli enters strategic R&D agreement with GCL-Poly

Yingli Green Energy has entered into a strategic cooperation framework agreement with GCL-Poly Energy Holdings for R&D and supply chain projects.

20 March 2013

Suntech Wuxi declares bankruptcy

Suntech Power Holdings, which was until recently the world’s largest solar panel producer, has declared its main subsidiary in China to be bankrupt.

20 March 2013

Renewables inverter market to grow to €5.24bn by 2018: Frostp

The inverter market for renewable energy systems in Europe will reach €5.24bn by 2018, according to new analysis by Frost & Sullivan.

20 March 2013

Mytrah Energy MD bemoans lack of support for Indian wind industryp

Mytrah Energy’s managing director has spoken out against the lack of policy incentives for the Indian wind industry and said the government must realise the potential of the technology for the country as a whole.

19 March 2013

Hanwha SolarOne shows 2012 loss of $52.2m

Hanwah SolarOne, a Chinese manufacturer of photovoltaics cells and modules, made losses of $52.2m in 2012, a substantial increase on its 2011 losses of just under $35m.

19 March 2013

Chinese auto makers exit talks to buy Fisker Automotive

Chinese auto makers including Zhejiang Geely Holding Group and Dongfeng have pulled away from talks to buy struggling electric vehicle maker Fisker Automotive over a disagreement on their loan arrangement with the US government.

19 March 2013

Solar panel maker Suntech in $541m debt defaultp

China's Suntech Power Holdings, one of the world's biggest solar panel makers, has defaulted on $541m of debt.

18 March 2013

Singapore sovereign fund GIC invests £100m in Greenko

AIM-listed Greenko, which develops and operates clean energy projects in India, has secured a £100m investment from Singapore’s sovereign wealth fund GIC.

18 March 2013

Siemens gets Japanese onshore wind order

Siemens Energy has been awarded an onshore wind power order for the Akita Port wind power project on the north west coast of the Japanese island Honshu.

15 March 2013

GCL-Poly reports first loss in three years as prices fall

GCL-Poly, the world’s biggest maker of polysilicon, reported its first full-year loss since 2009 on sinking prices as supply exceeds demand.

14 March 2013

ReneSola reports disappointing 2012 results

ReneSola, a manufacturer of solar PV modules, has announced its 2012 financial results showing gross loss for the year of $35.7m, down substantially from profits of $96m seen in 2011.

14 March 2013

Kotak Mahindra sets out timeline for $240m green infra fundp

Kotak Mahindra, a major finance house in India, told NewNet it will aim to close off its Brookfield-backed green infrastructure fund in just over a year with a target of $240m.

14 March 2013

Suntech shares slide as analysts say bankruptcy ‘highly likely’p

One of the world’s largest manufacturers of solar panels SunTech Power is almost out of cash and seems to be poised for bankruptcy or a takeover.

13 March 2013

Update: Modern Water’s buoyant results show optimism in China growthp

Modern Water, which saw its revenues triple last year, told NewNet its partnership with Hangzhou Water has given it a valuable in-road into China’s fast-growing desalination market and it will spend 2013 on expanding its presence in the country.

12 March 2013

Mitsubishi gets removed from FTSE4Good for failing to meet environmental standardsp

FTSE4Good told NewNet international power conglomerate Mitsubishi was removed from its high-profile FTSE4Good index for failing to meet ever-tougher environmental standards.

12 March 2013

Sinovel becomes third Chinese renewables company to lose chair

Han Junliang, chairman of China’s biggest wind turbine maker by market value Sinovel, is to step down in the third departure of the head of the board for Chinese renewables companies in a week.

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