The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

Asia Report: Are China's Sinovel, Goldwind Seeking Vestas Takeover?

Vestas, an iconic name in the wind industry and beyond, is a possible target of takeover bids from two of its chief Chinese rivals, according to a report published by Danish newspaper Jyllands-Posten.

The news that Sinovel and Goldwind were each working toward taking over the struggling wind giant sent Vestas shares up as high as 15 percent on Monday.

It’s been a tough year for all three turbine makers, but it’s been especially difficult for the Danish company. In January, Vestas announced it was closing one manufacturing facility and eliminating more than 2,300 jobs worldwide. It also indicated that it would eliminate 1,600 American jobs if the Production Tax Credit were not extended beyond this year’s deadline. That extension has yet to happen.

There’s varying opinions about whether the process has the legs to proceed, and if Vestas’ current investors would be willing to vote it through.

Vestas CEO Ditlev Engel refused to comment Monday in Copenhagen when asked about the possible takeover during the European Wind Energy Association's annual conference.


IN THE NEWS

Possible Deal for Canadian Solar? Canadian Solar has denied reports in the China Business Journal that the China National Offshore Oil Co was in negotiations to buy the solar panel maker.

Japan PV Plant Construction Set for July: Kyocera was among the companies to announce plans for a 70 MW PV Plant, which would be the nation’s largest solar facility. The project in Kagoshima Prefecture is scheduled to begin this July, after the national Feed-in Tariff is set.

Tibet’s Growing PV Base: A PV power generation base is being built in Xigaze, the second-largest city in southwest China's Tibet, to ease winter power shortages by harnessing the area's ample sunshine. Xigaze residents are expecting to bid farewell to blackouts this year, thanks to a newly-operational 30-megawatt plant just outside the city.


FOCUS ON INDIA

Areva Plans Asia’s Largest CSP Plant: India's enormous solar potential has until now been seen mostly through the lens of a PV module. But this week, Areva Solar announced that it plans to build a 250-megawatt concentrated solar power (CSP) facility in the country's Rajasthan region.

Solar Questions in India: India faces yet another game-changer: Feed-in-tariffs and the ambitious government-sponsored 20-GW National Solar Mission have lost value in India.

India’s Towering Solar Market: According to Bridge to India, an estimated 2GW of solar power could be installed in conjunction with telecom towers in India by 2016.

India, U.S. Energy Fund: India and the United States are forming a strategic research-based partnership that will focus on clean energy, such as solar power and advanced lignocellulosic biofuel systems.


A DEEPER LOOK

Indonesia Stands Out in Clean Energy Race: Fueled by its geothermal resources, Indonesia beat G-20 nations the United States, India, and Japan in the rate of growth in clean energy investment last year, according to a new report from Pew Charitable Trusts.

Some Farmers Feel Burned by Biofuel: Jatropha’s so-far unfulfilled promises have greatly impacted tens of thousands of farmers in Indonesia who heeded calls to begin producing the plant as a source of biofuel.

Lessons from Korea: A look at how Korea is working to implement the foundation for a structural shift away from fossil fuels.

Thailand Joins Solar Fast Lane: Economic renewable energy development typically requires that countries exploit their natural renewable resources with subsidies reducing in line with technology costs and market maturity. Thailand has adopted such an approach to renewable development and while its biomass has the greatest renewable generation potential, the rapid growth of solar development could conceivably see solar challenge wind power as the kingdom's second most important renewable resource by the next decade.


BY THE NUMBERS

India’s Total Installed Capacity Passes 200,000 MW:

All Thermal: 132,013 MW
Hydro: 38,991 MW
Non-Hydro Renewables: 24,503 MW
Nuclear: 4,780 MW


HAVE YOUR SAY

If you are an industry expert and would like to be a contributor for RenewableEnergyWorld.com, please contact us at editor@renewableenergyworld.com so we can show you how to get started.


IN CASE YOU MISSED IT

April 2-9, 2012 Asia Report: 200-MW Solar Project Planned in Japan
March 26-April 2, 2012 Asia Report: India Slashes Wind Incentive
March 19-26, 2012 Asia Report: India’s Wind Potential 30 Times Greater Than Believed
March 5-12, 2012 Asia Report: After Quake, Japan Pushes for Asia Supergrid
Feb. 27-March 5, 2012 Asia Report: Decision on Trade Dispute Looming
Feb. 20-27, 2012 Asia Report: China Launches Renewable Energy Think Tank
Feb 6-13, 2012 Asia Report: India Sees 52 Percent Rise in Investments
Jan. 23-30, 2012 Asia Report: DOC Extends Solar Trade Case Deadline

Untitled Document

RELATED ARTICLES

Stolen Solar Panels and Sabotage A Challenge for Powering India With Renewable Energy

Anindya Upadhyay, Bloomberg Disappointment spread across Tarun Singh’s face when he saw that parts of his solar power microgrid in eastern India’...

States Already Seek To Delay Clean Power Plan

Andrew Harris, Bloomberg Fifteen states led by coal-rich West Virginia asked a federal court to stall Obama administration rules intended to c...

Suntech Parent Company Buys Majority Share of US-based Suniva

Ehren Goossens Shunfeng International Clean Energy Ltd., the Hong Kong-based solar company controlled by billionaire Zheng Jianming,...

Sunrise in Pakistan as the Country Delves into Solar PV

Robert Harker Pakistan has joined the list of countries that are exploring solar power as a means to bridge critical energy generat...

PRESS RELEASES

Free ImagineSolar Online Course Demonstration

ImagineSolar will be holding another live demonstration of PV250e: Solar PV Economics a...

Canadian Solar Announces Partnership in 200 MW Tranquility Solar Power Project

Recurrent Energy signed an agreement with Southern Power to partner on the Tranquility ...

AWS Truepower Announces Major Expansion of its Due Diligence Team in Response to Growing Market Demand

AWS Truepower, an international leader in wind and solar energy consulting and engineer...

FEATURED BLOGS

NATiVE Recognized for Excellence at 2015 Greater Austin Business Awards

NATiVE Recognized for Excellence at 2015 Greater Austin Business Awards NEWS RELEASE AUSTIN, Texas – Aug. 27...

Solar Energy Means Jobs, Savings, and a Low-Cost Future [infographic]

There are a lot of utility-sponsored legislative and regulatory attacks on solar energy lately, and we put together t...

How To Get People To Do Stuff

It’s no secret that psychology and sales go hand in hand. If you understand the principles of human psychology ...

FINANCIAL NEWS

Renewable Energy World's network editors help deliver the most comprehensive news coverage of the renewable energy industries. Based in the U.S. and the UK, the team is comprised of editors from Pennwell Corporation's myriad of publications that ...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @jennrunyon

FEATURED PARTNERS



EVENTS

Doing Business in South Africa – in partnership with GWEC, the Glob...

Wind Energy in South Africa has been expanding dramatically, growing fro...

Intersolar South America 2015

Exhibition and Conference: September 1-3, 2015 Intersolar South America ...

Intersolar Europe 2016

Exhibition: June 22-24, 2016; Conference: June 21-22, 2016 Intersolar Eu...

COMPANY BLOGS

The Proof Is Not Always In The Pudding

One of the best ways to turn a skeptical prospect into a buyer is to giv...

Pushing Beyond The Cushion

Efficiency projects are all too often viewed as “optional” o...

Less Is More

When you’re giving a presentation, one of the easiest things to do...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS