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U.N. chief welcomes announcements made in Climate Summit

U.N. chief welcomes announcements made in Climate Summit

United Nations Secretary-General Ban Ki-moon welcomed bold new actions to addres...

Climate Summit sees intiatives and commitments

Climate Summit sees intiatives and commitments

Various bodies and entities on the Climate Summit in New York have announced the...

Climate Rally reaches 310,000 participants

Climate Rally reaches 310,000 participants

The number of people who joined the People’s Climate March this September 21 rea...

China takes big step in reducing ozone depleting gases

China takes big step in reducing ozone depleting gases

China has taken a big step towards reducing its hydrochlorfluorocarbons by closi...

Ozone layer on road to recovery – U.N.E.P., W.M.O.

Ozone layer on road to recovery – U.N.E.P., W.M.O.

The ozone layer is on the road to recovery, but unified action is still needed t...

Green vacation: Go on an eco-friendly safari

Green vacation: Go on an eco-friendly safari

The primary goal of modern-day eco-friendly African safaris is to lessen the ove...

Nepal, the Maldives, and Bhutan could lose around 2 percent G.D.P. due to climate change – A.D.B. report

Nepal, the Maldives, and Bhutan could lose around 2 percent G.D.P. due to climate change – A.D.B. report

Nepal, the Maldives, and Bhutan could be looking at economic losses of around 2 ...

Business

Technology

New oxygen-removing catalyst developed for better biofuel production

New oxygen-removing catalyst developed for better biofuel production

Thursday, 23 October 2014

Researchers from Washington State University have developed a new catalyst that can remove oxygen from plant-based materials for a more efficient biof...

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Politics

New Yorkers support renewables, opposes fracking – N.R.D.C. poll

New Yorkers support renewables, opposes fracking – N.R.D.C. poll

Sunday, 12 October 2014

A state-wide poll commissioned for the Natural Resources Defense Council reveals that New Yorkers oppose fracking and support clean, renewable energy....

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Living Green

Why saving chinchillas is important for saving the earth

Why saving chinchillas is important for saving the earth

Friday, 24 October 2014

Chinchillas make expensive pets and they are a long time commitment as well. They have a life span of around 15 to 20 years. Hence, people who adopt t...

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Renewables

World’s largest convention center solar array completed in Las Vegas

World’s largest convention center solar array completed in Las Vegas

Tuesday, 28 October 2014

The world’s largest rooftop solar array on a convention center has been completed at the Mandalay Bay Resort and Casino in Las Vegas. NRG Energy, Inc....

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Low-Carbon

What needs to be injected In the core DNA of urbanity

What needs to be injected In the core DNA of urbanity

Thursday, 23 October 2014

Urbanization has taken an unprecedented upward turn in recent years. In 2007, half of the world’s population – around 3.6 billion people – lived in ur...

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Opinion

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Wednesday, 11 June 2014

Nutrition plays a critical role in everyone’s chance at a better future. Hunger, said Benjamin Franklin once, is the best pickle. Some say “pickle”...

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Chinese region of Xinjiang grants Navajo Wind project final approval


Navajo Wind Energy Corp.’s wind energy project in the
Xinjiang region of China will make it one of few companies licensed to trade electricity in and out of China.Image sourced from Navajo Wind Energy Corp.

The Chinese autonomous region of Xinjiang has granted final approval to US wind company, Navajo Wind Energy Corp. (PINKSHEETS: CLBN), for the Xinjiang Power Purchase Agreement (PPA). The approval, which was announced yesterday (May 11), is mandated by the Central Government of China through the country’s Renewable Energy Law.

The law orders that the construction of renewable energy facilities must be encouraged, and that China’s electricity grid must purchase all the electricity produced by approved facilities within its service area. The buying price is set by the State Council’s regulatory department, the National Development and Reform Commission (NDRC).

Navajo awaits final pricing, terms, and conditions from the NDRC within the next few weeks. Details of the PPA will also be announced during the said period. The wind farm construction permit is expected to be released by September. Navajo Wind will also be finalizing current information for the Pink Sheets OTC disclosure and news service.

Navajo Wind, formerly called Caliber Energy Inc., is currently focused on developing more than 500 megawatts of clean wind energy. Its key acquisition of Guangzhou Jianinxiang Co. Ltd., a wind farm and power trading company, makes Navajo Wind one of a few companies licensed to trade electrical power in and out of China. Navajo Wind is based in Atlanta-Georgia.


- Jen Balboa


Sources:

1 http://www.marketwire.com/press-release/Navajo-Wind-Energy-Corp-987704.html
2 http://www.navajowindenergy.com/about_navajo.htm

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